All Forum Posts by: John Gamble

Most Welcome!

Keep learning and growing always..

 I don't necessarily agree with this. I consider myself an investor first, but as an agent I do LOTS of deals with and for other investors. My license helps me network with people doing deals and I get eyes on properties and opportunities before anyone else. In addition, my commissions fuel my purchases. 

That being said, at 18, I wouldn't expect to get a lot of traction very quickly, but you can certainly network and learn from people in your market and get access to info and people that you wouldn't otherwise. 

I think you have the cart before the horse though- focus on getting approved for your FHA loan and start analyzing fourplexes. You can start your househack and go from there. You don't need to do everything all at once.

Best of luck!

@John Gamble

As mentioned by others if you don't want to be an agent then you don't need a license.

Multifamily deals are often not on MLS, as commercial real estate is very different from residential.

You can start by partnering with multifamily investors and agents to start with, as their experience and knowledge will definitely help.

Good Luck!

Hey @John Gamble!

Congrats on your ambition!

Bigger Pockets recently published a book that's perfect for you! It's called First to a Million. You should check it out! If you have questions about the book, let me know. I am the author. :-) Also, check out this forum post.

In addition, DM me if you are interested in an online community of young, like-minded individuals.

Best of luck to you!

It's always valuable to have your license, even if you never plan to represent clients. You're basically a ninja investor, can run comps, open doors, make 3% on everything 

As you know, there are pros and cons. The pros are if you're buying a property that is listed you get your portion of the commission, which can be substantial. The cons are, you have more liability. I'm a licensed general contractor and real estate agent. When we were building spec houses I used to be the listing agent which saved us a lot of money. It also allowed me to list properties on MLS. You don't have to pay the fees to MLS or Board of Realtors if your license is inactive. You can activate it when you are ready to use it. Good luck. You have plenty of time to figure it out.

Hey John, I think it all depends on how aggressively you are going to be purchasing. If you plan to go all in purchasing a lot of properties, I think that it is definitely not a bad idea. Just keep in mind that Realtors have some monthly costs. You can always make your license inactive once you've purchased all of the properties that you want to hold. I am currently an agent for EXP Realty and this brokerage is a cloud based brokerage that allows you to work remotely on your own accord. Let me know if you want more information! It is great that you are thinking of these things so young! You will go far! 

It doesn't make sense to get it for the main reason is that often times the test for the license doesn't even cover actual real world practicality. Plus you need someone to walk through the process, from the paperwork to negotiating. If after a few transactions you think it is really worth it, then go for it. Otherwise work with a great agent.