I went to real estate school for investment purposes, but decided not to get the license because:
1. I am not a salesperson and have a business that takes up too much of my time to become a RE agent.
2. You have to disclose that you are a licensed agent in your personal dealings, even if you use another agent to represent you. This can put you at a disadvantage in negotiations.
3. If something goes wrong with a deal, you are more likely to be held responsible by the courts since you hold a license and have expertise.
Going to the classes helped me understand how property can be held and protected in my state. It was a good investment of time and money for me. We spent a lot of time studying RE law and taxes.
One of my best friends attended RE school with me, also for investment purposes. Since she is a salesperson, she decided to get a license and has been making about 10k a month. Getting started took an investment of about 3k. She had to pay for professional pictures, business cards, a website, etc... Her broker takes a big chunk of her money, but she is still doing well for herself.
I would check to see the requirements to become a broker in your state. That is where the real money is. If it is a path you could see yourself heading down, it might be worth pursuing.
Also, if you aren't good at sales, it can be a good way to learn.
1. I am not a salesperson and have a business that takes up too much of my time to become a RE agent.
2. You have to disclose that you are a licensed agent in your personal dealings, even if you use another agent to represent you. This can put you at a disadvantage in negotiations.
3. If something goes wrong with a deal, you are more likely to be held responsible by the courts since you hold a license and have expertise.
Going to the classes helped me understand how property can be held and protected in my state. It was a good investment of time and money for me. We spent a lot of time studying RE law and taxes.
One of my best friends attended RE school with me, also for investment purposes. Since she is a salesperson, she decided to get a license and has been making about 10k a month. Getting started took an investment of about 3k. She had to pay for professional pictures, business cards, a website, etc... Her broker takes a big chunk of her money, but she is still doing well for herself.
I would check to see the requirements to become a broker in your state. That is where the real money is. If it is a path you could see yourself heading down, it might be worth pursuing.
Also, if you aren't good at sales, it can be a good way to learn.