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Updated almost 2 years ago on . Most recent reply
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Getting your realtor license is much like getting your insurance license. Yes?
So a number of years ago, I obtained my license to sell health and life insurance. I work for AFLAC for a time and it was a whole lot of door knocking. basically prospecting. Later I worked for another company and it was a whole lot of prospecting and trying to chase down potential customers as well. All of which was 100% commission based. ( I no longer sell insurance.)
Being 100% commission is a job in my opinion. being a realtor, for some people could be a good income depending on how hard they work being a insurance sales person can be a good income depending on how hard they work. Neither job equates to owning real estate. Both jobs if you made a lot of money you could invest into real estate.
I had one gentleman tell me four years ago that he was a real estate investor because he just got his realtor license. I didn’t even take the time to correct him .
Most Popular Reply
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- Lender
- Lake Oswego OR Summerlin, NV
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one of the benefits that i see with the RE license or should I say benefit to me personally. Was all the networking all the buyers and sellers you meet over the years and all the different business's they are in .. Along with learning about many different facets of RE investing like for me learning foreclosures tax sales Hard Money lending.. learning how to put partnerships together. Learning how to start a building company . All sorts of different revenue streams.
Buying rentals is pretty simple concept and most anyone can do it.. but of course there is more to it and that all revolves around managing tenants.
Insurance I am not all that sure about.. But I just made an investment with an insurance broker who is rolling up small offices returns are far better than any real estate rentals for sure but no real tax bene's.. so will see.
- Jay Hinrichs
- Podcast Guest on Show #222
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