Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Dylan Jeluso

Dylan Jeluso has started 2 posts and replied 5 times.

Quote from @Evan Polaski:

@Dylan Jeluso, where are you feeling you don't have control?  If it is working with subs, a GC license won't help that in any practical way.

At the end of the day, it depends on what you are looking to achieve.  I have had both my GC license and real estate license, and have let both lapse.  Like Mija noted, they cost real money and time to maintain, and I simply was not deriving enough value from either.

I had no intention of GC-ing jobs for clients, which is about all it would have allowed me to do that I can't do already.  And the agent license was same, I didn't want to represent clients, so the ongoing cost and time investment was not worth it.

I had never heard about lenders allowing higher LTV, or anything like that simply because you have a license. And finally, while there are likely some pro accounts that will only give you discounts if you are licensed, most will let anyone sign up, and are often based on volume spent at that store anyways.

Thanks for sharing your insight. I’m still new to the industry and learning different ways to approach my goals, so hearing your experience is really helpful. I appreciate the perspective!


Quote from @Erik Estrada:
Quote from @Erik Estrada:

If you are brand new and do not have much experience, having a GC license does help you get a higher LTV/LTC on hard money loans.


 Having a Real Estate License will also help. 


Thanks for the advice! I didn't realize a GC license could boost LTV/LTC. I'm taking my Real Estate License exam in a few weeks, so this is super helpful—appreciate it!

I’m a young, new house flipper, and I’m considering getting my General Contractor (GC) license. I enjoy doing the labor and working on flips myself, so being able to take on more responsibility during projects really appeals to me. I can get my GC license fairly quickly and without too much hassle from prior experience. However, I’m wondering if it’s worth the time and effort, especially at this stage of my career. Would having the license help me save money or gain more control over my projects? I’d love to hear any advice or personal experiences from others who have been in a similar position. Thanks in advance for your input!

Quote from @Caleb Brown:

I would focus on being and agent with the specialty in investing. You can work with investors, make great relationships, learn and earn $$ on the way. Most agents don't work with investors so you can do well if you take the time to learn and be good at it. BP, YT and podcasts are a great resource. Also attend local meet ups


Thanks for the advice, I’ll be sure to check it out!

Hello everyone, My name is Dylan Jeluso, I'm a 20-year-old student at the University of Florida. I'm currently on track to get my real estate license this month and am eager to dive into house flipping and real estate investing in the West Palm Beach area. I’m currently exploring my options for gaining practical experience over the summer. Should I look for an internship to learn more about the flipping or investing industry, or would it be beneficial to use my license and work as a buyer/seller agent under a family friend's brokerage? I would greatly appreciate any advice or suggestions on how to proceed. Thanks in advance!