There are a number of benefits of having a real estate license, not least of which is increased networking opportunities. Having a license puts you in contact with more people in the industry and opens doors to off-market deals. You will also have access to more resources and tools, which can prove invaluable in your investing career. This article will explain the benefits of obtaining a license and give you a clearer understanding of whether you need one to begin investing.
Although you don’t need a real estate license to start investing in real estate, you may want to consider getting one. The process will take time and money, and you will be required to pay fees to get a license. However, you are free to operate as a sole proprietor or LLC. LLCs are more advantageous for investors because they provide liability protection and lower taxes. But you can choose any form of business structure to get started.
A real estate license is useful for many reasons, including the fact that it will free you up from the minutiae of real estate brokerage. A licensed agent can handle all showings for you and follow up on all appointments. They can send out marketing materials to prospective renters in the area and meet with appraisers on site. Having a real estate license is also useful for making more money, as it allows you to access six percent of a property’s purchase price.
