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Updated almost 10 years ago,
Wholesaler / Loan Officer: Does it make sense?
Hello all. I wanted to get some feedback from the community on this question. I'm just starting out as a Wholesaler in NJ/NY and I am considering becoming a loan officer in order to give me another set of tools as well as another education and perspective as an investor. I was particularly thinking about the advantage of being able to write reverse mortgages to motivated sellers who don't fit an appealing wholesale deal for my Buyers. I wanted to know what the BP community has to say about going that route as opposed to becoming a real estate agent (initially) instead.
I don't here of too many people becoming loan officers with a focus on being an investor. Is there something I'm not seeing that is a drawback?
Thank You in Advance