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All Forum Posts by: Zac Burk

Zac Burk has started 5 posts and replied 13 times.

Post: Pro and Cons of pursuing a real estate license for my own use?

Zac BurkPosted
  • Flipper/Rehabber
  • Metro Detroit
  • Posts 13
  • Votes 12

Thanks everyone! Exactly what I was looking for. I just needed to hear the real world expenses and reach out to close friends to see if  2-3 commissions covers cost well still adding value to my own plan. Also, maybe someone could reach out here and explain why they got the license when being a "real estate professional" wasn't the end goal? To me, it seems like a good idea but I just don't have enough experience to spell out why its logical. 

Post: Pro and Cons of pursuing a real estate license for my own use?

Zac BurkPosted
  • Flipper/Rehabber
  • Metro Detroit
  • Posts 13
  • Votes 12

I'm looking at an online course for 175$ plus 250 licensing fee. This will be extremely part time for me. It is solely for my own properties and helping a friend or three. I'm mainly looking to cut commissions on my own sales. I have no idea if cost are involved with being under a broker other than their share of the sale. There will be no advertising/services ill be using.

Post: Pro and Cons of pursuing a real estate license for my own use?

Zac BurkPosted
  • Flipper/Rehabber
  • Metro Detroit
  • Posts 13
  • Votes 12

Hello All! I guess I'll make a introduction here as I come out of months of lurking the forums. My names Zac and I am from the Detroit area. I just finished out my first year in REI with two units cash flowing and a purchase of a flip house that has yet to be started. I am currently self funded and struggling haha. (Calling all investors)

So, now the real reason I am posting. I've been researching and have had thoughts of pursuing a Real Estate license. It looks like the total cost after testing is about ~425$. Has anyone done this for their own use? What are the benefits? Maybe there are none from an investor's stand point? Maybe its a waste of time and money? I am looking at all opinions. I have a brother that is about to buy his first house too. One deal would be the ROI with the potential to save on commissions with my own flips. Shoot your shots!