@Rahib Karim I don't know the answer, but I asked myself the same question of should I just be a straight investor or an agent for the advantage of saving commissions and seeing listings before anyone else.
I asked my friend who is an agent and he said he wouldn't recommend it because any access I need can be provided through him, and he does generate comps/listings I need in a timely manner. Plus most deals are not on MLS, I have to retrieve them myself through marketing and then ask him for comps.
The other hand to that is the reality that agents may need to follow ethical codes that are unnecessary as a straight investor. For example, I told that same agent friend about a property I'm purchasing for 140 and will resell for 250 from a 75 year old gentleman.
The real estate board might think it's a matter of taking advantage of an old man. But to me, I'm just helping him move to Florida and retire. Plus I'm taking on all of the risk with holding the property, and paying for tens of thousands in repairs.
To help you potentially getting even further down your 5-10 year plan. I've been doing real estate full-time for 4 months now and I'm now questioning how technical I want to get with this business. Should I go down the path of:
1. real estate builder/developer that goes from residential to commercial, to big *** buildings OR
2. entrepreneur where I scale this business and move onto the next?
I'm quite conflicted on the fork. Good luck with your current fork. Whatever decision you make, I advise not getting caught in analysis paralysis.
