RE License or wholesale

[Tarica Davis]

Hello BP is been a long time since I was last on the site, but I was working on my NYS RE course. I have just finished my final exam and have scheduled my state exam, and am confused about how I should get started into investing. I originally wanted my license because I thought that it was a good way for me to learn the laws and foundation of how real estate works, until I found out that I don't necessarily need a license to invest. I work full time, have a fair credit score and no reserves saved for my initial investments but I am eager to learn and willing to put in the time to help a mentor. I would ideally like to househack a multifamily in the Rochester NY area to earn some residual income and maybe BRRR my way into following properties. I was wondering if you all thought it would be a better idea for me to work part time as an agent to earn capital or whether I should network at my local RE association and see if I could find some good deals to whole sale to other local investors to gain capital. I currently rent and will continue for the next year ( new lease), but I am trying to build a plan for my lease end. Please be honest and tell me what you guys think would help in my situation. Local investors strongly encouraged to respond.

[Stephen J Davis]

I would not get my license and would start wholesaling. A license only teaches you how to sell other people's real estate not how to invest. Take a course on real estate investing like ours and join a local real estate investor group to build your buyers list. Then start looking for deals. This is the path that I took and ended up invested in 4000 apartment units. You can do it too. Education in investing is the key. Raise your financial IQ.