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Updated over 7 years ago on . Most recent reply

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Dara Diallo
  • Philadelphia, PA
4
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Career dilemma; agent or wholesale investor

Dara Diallo
  • Philadelphia, PA
Posted

I'm very conflicted in which direction I would like to go with my career in real estate. I have set out to wholesale and have gotten off to a good start ( no deals yet but I've came close). I am currently taking a class to obtain my realtors license in my current state (Pennslyvania)  and I also have  a strong interest in becoming a realtor. Problem is, I've heard that if you are a licensed realtor, there are certain things that you cannot do under a code of ethics. I don't want to get my license and then block myself from potential success in wholesaling. Can I do both?? If I have to make a choice I would go with what would make me more money, but I also want to be respected as a professional in the real estate industry. I need feedback guys! I'm so confused 

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Anthony Dooley
  • Investor
  • Columbus, GA
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Anthony Dooley
  • Investor
  • Columbus, GA
Replied

Most agents that I know don't make a lot of money. Not because they can't, because they are not out there hustling and working. The same goes with any career choice. Wholesaling is not easy because you are in the marketing business first and foremost. If you apply the marketing principles of wholesaling to retail real estate, you get the best of both worlds. You don't have choose. As an agent, you need your broker's permission for certain things, but as long as they make money and it's ethical, you shouldn't have a problem. Keep in mind, wholesaling is normally the entry level real estate investment model. People who own multi-family properties don't aspire to be wholesalers. Wholesalers aspire to be owners.

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