Comments on: Should Investors get their Real Estate License? http://buildbankroll.com/2009/06/should-investors-get-their-real-estate-license/ Sat, 05 May 2012 14:37:30 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Chuck http://buildbankroll.com/2009/06/should-investors-get-their-real-estate-license/comment-page-1/#comment-4261 Chuck Sun, 22 Jan 2012 16:31:03 +0000 http://buildbankroll.com/?p=312#comment-4261 I know I dug up an old post, but I would like to know if you are doing anything else with your license besides listing homes, and using the MLS access for comps and such. In Texas, you have to be a licensed broker (vs agent) to property manage. This property management seems intriguing to me. To be honest, we are already doing it for one house (w/out our license). But if we go legit and get someones portfolio of properties - it would seem to be a nice cashflow. The main advantage being your 10% per month or whatever would be essentially all profit. What else can you do with agent/broker license to pull in some cash on the side? Ch. I know I dug up an old post, but I would like to know if you are doing anything else with your license besides listing homes, and using the MLS access for comps and such.

In Texas, you have to be a licensed broker (vs agent) to property manage. This property management seems intriguing to me. To be honest, we are already doing it for one house (w/out our license). But if we go legit and get someones portfolio of properties – it would seem to be a nice cashflow. The main advantage being your 10% per month or whatever would be essentially all profit.

What else can you do with agent/broker license to pull in some cash on the side?

Ch.

]]> By: Steve http://buildbankroll.com/2009/06/should-investors-get-their-real-estate-license/comment-page-1/#comment-266 Steve Thu, 22 Oct 2009 19:06:28 +0000 http://buildbankroll.com/?p=312#comment-266 My partner is a broker, so we have our own firm. I'd go with a discount broker house unless you want to represent some clients. You can probably put an ad on CraigsList and get lots of people willing to let you hang your license with them for cheap. My partner is a broker, so we have our own firm. I’d go with a discount broker house unless you want to represent some clients. You can probably put an ad on CraigsList and get lots of people willing to let you hang your license with them for cheap.

]]> By: Ben http://buildbankroll.com/2009/06/should-investors-get-their-real-estate-license/comment-page-1/#comment-263 Ben Mon, 19 Oct 2009 07:12:48 +0000 http://buildbankroll.com/?p=312#comment-263 I'm currently working on the my license. What firm as an investor did you end up going with? What fees or requirements were involved? Thanks, Ben I’m currently working on the my license. What firm as an investor did you end up going with? What fees or requirements were involved?

Thanks,

Ben

]]> By: Steve http://buildbankroll.com/2009/06/should-investors-get-their-real-estate-license/comment-page-1/#comment-238 Steve Sat, 03 Oct 2009 18:44:53 +0000 http://buildbankroll.com/?p=312#comment-238 James - you will have to check with your state specifically. In California, you must be an agent before you can become a broker. You have to take 3 courses and pass a test to become an agent. To become a broker you must pass 6 more courses, have 2 years of experience (or a college degree) and pass a long hard test to become a broker. I would definitely recommend becoming an agent/broker eventually. But if you have more money then time, I'd start by looking at a ton of properties and buying a couple. If you have some success you can pursue the career on a more full-time basis and I'd definitely get my license on that basis. James – you will have to check with your state specifically. In California, you must be an agent before you can become a broker.

You have to take 3 courses and pass a test to become an agent. To become a broker you must pass 6 more courses, have 2 years of experience (or a college degree) and pass a long hard test to become a broker.

I would definitely recommend becoming an agent/broker eventually. But if you have more money then time, I’d start by looking at a ton of properties and buying a couple. If you have some success you can pursue the career on a more full-time basis and I’d definitely get my license on that basis.

]]> By: James Park http://buildbankroll.com/2009/06/should-investors-get-their-real-estate-license/comment-page-1/#comment-237 James Park Sat, 03 Oct 2009 17:56:57 +0000 http://buildbankroll.com/?p=312#comment-237 Steve, I am currently a business owner and would like to get into investing in real estate part-time. What are your thoughts about getting my broker's license over sales license. It the extra time and fees worth it? Steve,
I am currently a business owner and would like to get into investing in real estate part-time. What are your thoughts about getting my broker’s license over sales license. It the extra time and fees worth it?

]]> By: Steve http://buildbankroll.com/2009/06/should-investors-get-their-real-estate-license/comment-page-1/#comment-202 Steve Fri, 25 Sep 2009 04:28:14 +0000 http://buildbankroll.com/?p=312#comment-202 I got my license with http://www.retrainersca.com/. The crash course was what helped me the most. The instructor had an "interesting" approach but it worked. Basically rather then explaining the math, she just was like remember "$32,484" and that turned out to be the answer... I can also help you get a discount with First Tuesday if you'd prefer. Email me through the contact site in that section if you want. All this assuming you mean California. Good luck. I got my license with http://www.retrainersca.com/. The crash course was what helped me the most. The instructor had an “interesting” approach but it worked. Basically rather then explaining the math, she just was like remember “$32,484″ and that turned out to be the answer…

I can also help you get a discount with First Tuesday if you’d prefer. Email me through the contact site in that section if you want.

All this assuming you mean California.

Good luck.

]]> By: Jennifer http://buildbankroll.com/2009/06/should-investors-get-their-real-estate-license/comment-page-1/#comment-199 Jennifer Thu, 24 Sep 2009 04:47:42 +0000 http://buildbankroll.com/?p=312#comment-199 Is there a particular school or online site you recommend for the real estate license classes? LOVE your blog!! Is there a particular school or online site you recommend for the real estate license classes?

LOVE your blog!!

]]> By: Steve http://buildbankroll.com/2009/06/should-investors-get-their-real-estate-license/comment-page-1/#comment-99 Steve Wed, 08 Jul 2009 03:22:26 +0000 http://buildbankroll.com/?p=312#comment-99 Hi Anthony, Thanks for the compliments. The blog is a work in progress, but I finally changed the layout to something I like. I think its a no brainer for an investor to get their license. You get access to all the properties, the forms, the legal hot line and some cool tools. You can always let it go, if you don't use it. My partner and I really want to get into the commercial side, but with the lenders being ultra conservative and most of the sellers not being desperate enough (yet!), we are going to wait. Before the market turns around, we hope to end up with a couple commercial deals that will cash flow for a long time! Good luck! Hi Anthony,

Thanks for the compliments. The blog is a work in progress, but I finally changed the layout to something I like.

I think its a no brainer for an investor to get their license. You get access to all the properties, the forms, the legal hot line and some cool tools.

You can always let it go, if you don’t use it.

My partner and I really want to get into the commercial side, but with the lenders being ultra conservative and most of the sellers not being desperate enough (yet!), we are going to wait. Before the market turns around, we hope to end up with a couple commercial deals that will cash flow for a long time!

Good luck!

]]> By: Anthony http://buildbankroll.com/2009/06/should-investors-get-their-real-estate-license/comment-page-1/#comment-98 Anthony Wed, 08 Jul 2009 03:04:08 +0000 http://buildbankroll.com/?p=312#comment-98 Steve, I discovered you over in the Bigger Pockets forum. I'm still debating over getting a license or not. The potential to broker deals is what gets me excited, as I like the commercial side of things, although I'm starting as wholesaler. I bookmarked your blog. Nice layout and good articles. Regards, Anthony Steve,

I discovered you over in the Bigger Pockets forum.

I’m still debating over getting a license or not. The potential to broker deals is what gets me excited, as I like the commercial side of things, although I’m starting as wholesaler.

I bookmarked your blog. Nice layout and good articles.

Regards,
Anthony

]]> By: You Should Get a Real Estate License | Ca Real Estate License http://buildbankroll.com/2009/06/should-investors-get-their-real-estate-license/comment-page-1/#comment-95 You Should Get a Real Estate License | Ca Real Estate License Mon, 29 Jun 2009 03:56:48 +0000 http://buildbankroll.com/?p=312#comment-95 [...] Should Investors get their Real Estate License? [...] [...] Should Investors get their Real Estate License? [...]

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