If you are purchasing property for investment purposes, you do not necessarily need to get a real estate license; however, it may be beneficial for you to do so. If you plan on spending a lot of time as a real estate investor, you should try to learn everything you can about the real estate industry. One of the best ways to do so is to earn your real estate license. Why should you consider doing so?
You May Get More Money From The Sale
If you have a real estate license, you may get more money from the sale. Of course, a real estate license may make it easier for you to interpret the market and make better offers; however, remember that the commission on the sale of a home is typically split between the buyer and seller agent. In this case, that happens to be you. In the end, you will walk away from a sale with more money.
You Get Access To The MLS
As a real estate agent, you also get access to the MLS. This can be a great resource for you to find an investment property, particularly if you know what you are looking for. For example, you may find a property that has been taken off the market and put back on multiple times. Or, you may find a property that has had its price reduced a handful of times. This will give you an opportunity to find a great property at a low price.
Grow Your Network
You can also network with other agents that can help you keep your investment pipeline full. If other real estate agents know that you are an active real estate investor, they may send some of their clients your way. If someone is having a difficult time selling a home, you may get the opportunity to make an offer. Then, you can find investment property at a great price.
Consider Getting Your Real Estate License
There are lots of reasons why you should consider getting a real estate license as a real estate investor. You will have an opportunity to learn more about the real estate industry, get first crack at a potential investment property, and expand your portfolio.
