Don't Get Your Real Estate License | Ep. 497
02/17/24 • 10 min
A lot of new investors come to us with this question... Should I get my brokerage license to help with real estate investing?
There's a lot of misinformation around this question. Some people are under the impression that you HAVE to have your brokerage license to practice real estate investing. This is simply not true. In fact... you probably shouldn't get it in the first place...
There are a couple of reasons why... The first, golden handcuffs. A lot of people get their licenses, hoping to gain knowledge of the industry before they become investors. Makes sense, right? The problem is they get stuck, that capital they make often does not end up being invested, and they have to sell more to keep up with their new lifestyle, and the cycle continues.
Another great reason to avoid your license when investing in real estate... legal hoops. If you thought that getting your brokerage license would lead you to some treasure trove of off-market deals... think again. There are A LOT more legal hoops you have to jump through when approaching a seller as a broker.
Now, this isn't to say that having your real estate license is pointless, not at all. Only that you certainly don't need it to invest in real estate, and it might even hinder you in ways that you hadn't thought of.
Want to know all of the reasons NOT to get your real estate license?
Find out on this week's episode of Multifamily Investing Made Simple, In Under 10 Minutes.
LEAVE A REVIEW if you liked this episode!!
LEAVE A REVIEW if you liked this episode!!
Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.
To learn more, visit us at https://invictusmultifamily.com/.
**Want to learn more about investing with us?**
We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/
**Let’s Connect On Social Media!**
LinkedIn: https://www.linkedin.com/company/11681388/admin/
Facebook: https://www.facebook.com/InvictusMultifamily
YouTube: https://bit.ly/2Lc0ctX
A lot of new investors come to us with this question... Should I get my brokerage license to help with real estate investing?
There's a lot of misinformation around this question. Some people are under the impression that you HAVE to have your brokerage license to practice real estate investing. This is simply not true. In fact... you probably shouldn't get it in the first place...
There are a couple of reasons why... The first, golden handcuffs. A lot of people get their licenses, hoping to gain knowledge of the industry before they become investors. Makes sense, right? The problem is they get stuck, that capital they make often does not end up being invested, and they have to sell more to keep up with their new lifestyle, and the cycle continues.
Another great reason to avoid your license when investing in real estate... legal hoops. If you thought that getting your brokerage license would lead you to some treasure trove of off-market deals... think again. There are A LOT more legal hoops you have to jump through when approaching a seller as a broker.
Now, this isn't to say that having your real estate license is pointless, not at all. Only that you certainly don't need it to invest in real estate, and it might even hinder you in ways that you hadn't thought of.
Want to know all of the reasons NOT to get your real estate license?
Find out on this week's episode of Multifamily Investing Made Simple, In Under 10 Minutes.
LEAVE A REVIEW if you liked this episode!!
LEAVE A REVIEW if you liked this episode!!
Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.
To learn more, visit us at https://invictusmultifamily.com/.
**Want to learn more about investing with us?**
We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/
**Let’s Connect On Social Media!**
LinkedIn: https://www.linkedin.com/company/11681388/admin/
Facebook: https://www.facebook.com/InvictusMultifamily
YouTube: https://bit.ly/2Lc0ctX
Previous Episode
Top Tech Tools For Investing | Ep. 496
Today we dive into the importance of having a strong tech stack for managing rental properties.
From software that handles screening and maintenance requests to listing apartments on Facebook Marketplace, we cover it all.
Plus, we shared some virtual tools that have become more popular during the pandemic, like video walkthroughs and virtual tours.
And if you're in the market for a new tech tool, we've got you covered there too. Whether it's Notion or Microsoft's GPT, we've got some great suggestions for you. So be sure to tune in and start building your portfolio with the best tech tools out there.
LEAVE A REVIEW if you liked this episode!!
Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.
To learn more, visit us at https://invictusmultifamily.com/.
**Want to learn more about investing with us?**
We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/
**Let’s Connect On Social Media!**
LinkedIn: https://www.linkedin.com/company/11681388/admin/
Facebook: https://www.facebook.com/InvictusMultifamily
YouTube: https://bit.ly/2Lc0ctX
Next Episode
How Long Do We Hold An Asset For? | Ep. 498
When is the right time to sell?
Well the correct answer just so happens to be the most ANNOYING answer.
It depends. The right time to sell depends on a multitude of factors.
When we underwrite our deals, we factor a hold period for 7 years. And honestly, if after 7 years the asset is still a strong cash-flowing building... why sell? But 7 years may be too long for you, or maybe it's not enough time... either way, we'll help you determine how long you should hold an asset for.
LEAVE A REVIEW if you liked this episode!!
Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.
To learn more, visit us at https://invictusmultifamily.com/.
**Want to learn more about investing with us?**
We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/
**Let’s Connect On Social Media!**
LinkedIn: https://www.linkedin.com/company/11681388/admin/
Facebook: https://www.facebook.com/InvictusMultifamily
YouTube: https://bit.ly/2Lc0ctX
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/multifamily-investing-made-simple-233420/dont-get-your-real-estate-license-ep-497-45021798"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to don't get your real estate license | ep. 497 on goodpods" style="width: 225px" /> </a>
Copy