!! Question for Investors with Real Estate License in Texas !!

[Peter Schuyler]

For those investors that have your real estate license in Texas to assist in MLS searches, contract writing, viewing units in the MLS, I'm trying to figure out if the upfront education costs, ongoing expenses for re-education, broker fees, access to TREC forms, MLS fees are worth it if I only purchase one property a year.

Any estimates on this business expense per year, a realtor friend said she thinks she spends about $3600 a year, but that seemed a bit high.

Any input would be welcome.

[Guy Gimenez]

1.  Depends on what you're doing with that one property.  Buy/Hold?  Flip? 

2.  Everyone has free access to TREC forms, not just agents.

3. Are you only purchasing MLS listed properties?

If you're licensed and buy one property from the MLS per year at $200K, you can possibly earn 2% to 3% commission on the buy side. If you also sell that property, you can save 2% to 3% on the sale side.