what realtors do

[JLMarshall]

Hello All! Quick question regarding this topic......

What advantage/disadvantage do ya'll see in an investor holding a real estate licence?  

I haven't done any deals yet, but my goal is to wholesale for quick cash and as I become more experienced (and know what the heck I'm doing!!), I'd like to hold property to lease/option ect.  The way I see incorporating my real estate licence (which I'm about a month away from obtaining) is by building strong relationships with investors that I'm wholesaling to to later become their go to real estate agent in order to list their properties with me. 

Any thought are appreciated!

That is one way to benefit from having your real estate license; but that isn't incorporating it into your investing business, that's simply being an investor as well as being an agent, the two are not connected.  Because technically, every agent tries to keep contact with someone they sold a house to, whether or not they actually owned the residence.

Another way that I do see you being able to benefit from having a license is being able to list and market your own properties.  This would allow a wholesaler to get a bigger bang for his buck.  You are going to sell a property for much more on the MLS, than you would off of it.  You figure if you get a property at 60 cents on the dollar, do very very little to it (not rehab), you could list it at say 90 cents, and likely walk away with an offer at no less than 80; when a typical wholesaler might be selling to a rehabber at 65 - 70% depending on what all needed to be done to the property.

[TMCG]

facey, if you get your real estate license - you better specialize in BUYERS AGENCY.  remember, you automatically work for the seller (at least in NY and i think in most states).  especially if you're a realtor®.  you have to know who your clients are and your customers.

so you'll need contracts with investors as their buyers agent or something like this, especially if you're "wholesaling" real estate - i.e. for the benefit of the buyer - not the seller...monetarily at least.

rog - i think we're talking the same language.  i work with a top producer - part of his business plan is to work with investors - new or experienced - who have CASH to buy. 

he doesn't mess around with anything outside of his business "box".  he lives in the box.  anytime anyone mentions anything outside that box, he tells them to FOCUSSSSS.

he works and refines his system.  period.  so yes, a top pro will not work with a newb with no money for "no money down deals" - joke.  that was actually the original point of my post.  so many people think "oh i'll just find a realtor and interview them...blah blah blah."  that's not how it is.   but it is a numbers game - any realtor will play the numbers, talk to anyone and represent their business professionally.  that's why it's so easy for noobs or just anyone to talk with a real estate agent.  we all want business.

"if you've got the cash, the know-how and are ready, willing and able to close deals - why waste time with a new agent, when all you have to do is find a top producer (who specializes in working with investors)."  this is what i wrote. 

i'm guessing that you've got cash to move deals Rog, cuz you've been in the business a while.  you've got to be putting some kind of cash together.  and if you've made a name for yourself amongst the investing community - i think top pro's (that specialize in working with investors) would gravitate towards you anyhow...cuz you close deals. 

and OBVIOUSLY, i'm not talking about top producers...who work with "Donald Trumps" on High Rises and close 25million A QUARTER in volume.

again, i work with a top producer on long island.  he moves commercial with his investors and he does residential - preview homes (million and up) and also the 299k's  - mostly sought after by agents like me - the "normal" homes - ranges 250k through 750k.  he focuses on his business plan and puts agents, like myself in the best possible spot for us and his business.   

if a newb with no money, no credit walks into our office, Paul is NOT going to waste time with it.  if i bring a person in to the office that's like this - he's going to tell me to FOOCCCUUUSSSSS. 

again - each successful agent has a business plan - SUCCESSFUL agent.

if you've got cash and can close - seek out people like Paul.  they're expert professionals...oh did i mention i'm on that team???

LOL