Why Every Investor Should Have a Real Estate License, and Every Agent Should Understand Real Estate Investing (or Be an Investor Themselves)Katt Wagner
Whether you have your real estate license and are looking to get into investment, or you’re an investor, wholesaler, or flipper wondering how you can benefit from having a license, we’ve got you covered.
Should I Get A Real Estate License As An Investor?
If you ask most investment gurus, “Should I get a real estate license to flip houses and buy properties as an investor or wholesaler?” They’ll tell you no.
Gurus often push the idea that being licensed is a liability instead of an asset, but as long as you’re doing business ethically, the opposite is true.
So, what can you do with a real estate license?
The biggest benefit of getting your real estate license is you’ll be able to offer more than cash offers. Some benefits of a real estate license for investors include MLS access, networking opportunities through your brokerage, and increased income from commissions you otherwise would have paid to enlist an agent for.
If you want to save money on every disposition, for the rest of your career, get a real estate license. Or at the very least, find an investor-friendly real estate agent to work with.
Can I Make More Money as an Agent Through Real Estate Investing?
Real estate investing offers agents a unique set of benefits.
It’s also easy to transition into. You’ve taken your real estate courses, passed your licensing exam, and found a brokerage to hold your real estate license. So what is there to lose?
The biggest reason real estate agents hesitate to start investing is they don’t understand investment strategies well enough.
If you want to understand wholesaling, assignment, subject-to, private money, and all the different strategies investors use in the residential space, shake off your fears! Start learning so you can grab the deals and income you’re missing out on.
Leverage your real estate license and become an investor-friendly agent.
There are always investors and wholesalers looking to find a real estate agent who understands investment and wholesaling. Investors know working with the right agent means smoother deals and a better experience for their customers.
Even if you choose not to invest yourself, leveraging business relationships with investors and wholesalers is a great way to find listings and make commissions you’d be missing otherwise.
Get the Most Out Of Every Deal by Providing Multiple Options
Most clients don’t know what kind of help they need in the early stages of selling. Most people approaching these clients only bring one option to the table.
Offering multiple options allows you to bridge the gap between what just an investor and just an agent can offer.
You will be much more valuable to prospects looking for the right person to help sell their home.
And, chances are high you’ll have very little competition standing next to you if you’re the one building the bridge.
If you think you should be bridging the gap between licensed brokerage and real estate investment, you absolutely should be!
In this Tips From The Trainer episode, Chad makes it simple to go into any appointment, show sellers their options, and become a transaction engineer on the spot. Check out the video below:
Video Navigation – Key Tips:
- What Investors Gain By Having A Real Estate License (1:58)
- What Realtors Should Know About Real Estate Investing (6:48)
- How To Re-Imagine Your Strategy and Get Started (10:20)
Explore More Tips From The Trainer
Check for Probate Leads Near You