Is Being An Agent A Requirement?

[India Lewis]

Hi! new here to bigger pockets. I have been soaking up some knowledge here as my interest is to become a real estate investor. My questions are:

1) Is being a real estate agent a requirement for real estate investing?

2) If not, can you still gain the knowledge of markets without it?

3) What are some ways to seek out lenders and their requirements for different products in your current area to jumpstart your business?

4) Is it true that banks are less likely to lend to businesses that are structured solely as "Real Estate Investing" being that it is considered a "high risk industry". Are there ways to market your business to avoid this?

I am currently planning to use my first home to BRRRR, but rehab takes time. I am playing with the idea of air bnb arbitrage in the meantime to recycle income for a second rental.

[Carlos Valencia]

Hi India, 

No need to be a real estate agent to begin investing. It helps to write up your own contract and represent yourself so you can save money on buyers side commission. If you think those are some good perks then I would say go for it. The great thing too of being licensed is that if you end up loving real estate that can be a source of income for you that can possibly help you get to your real estate investment faster as its a high ticket sale with the possibility of earning great compensation. Having a high income will also give you an advantage to get there more quickly. 

As for gaining knowledge your in the right spot reading other peoples forums on Bigger Pockets is a good resource. I would also look into Real estate meetups in your area to meet other like minded people and discuss whats worked for them and maybe you'll find a mentor at those meetups.

When looking for a lender I would suggest to work with a lender who also is an investor themselves as they will be more familiar with the guidelines for investment properties and how to strategize when buying your first deal while also already pre planning your next purchase. Theres different strategies to make sure your set up for success. You dont want to be stuck after your first deal. 

Lastly Banks are more strict and when working with self employed and real estate investors. I highly suggest working with mortgage brokers. 

Good luck with your real estate journey. 

@Albert Bui @Matthew Kwan