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Forum » Is it worth getting my real estate license just to save commission on investment prop
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Thread: Is it worth getting my real estate license just to save commission on investment prop

post 1685394683 06-27-2023, 08:29 AM
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Is it worth getting my real estate license just to save commission on investment prop

Been hitting a $20k+ monthly surplus after all my bills so the money is stacking fast. Been putting it all in CD notes for the meantime but want to add more real estate rentals

Can I represent myself in a transaction and save 3% on commision? this would add up if I am buying 3-400k duplexes
post 1685394913 06-27-2023, 08:32 AM
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You can represent yourself without a real estate license. You only need a license if you're representing other people.
Always Neg Back Crew.
post 1685396023 06-27-2023, 08:53 AM
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The key is to sell the house to yourself, then you give yourself the 3% fee — rinse and repeat scooping up 3% each time, it’s basically a perpetual money machine
post 1685396033 06-27-2023, 08:53 AM
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Buyers don’t pay commission fees…
post 1685396053 06-27-2023, 08:54 AM
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Originally Posted By ScrillaIsBake⏩
This. You just need a lawyer to finalize things srs
You don't even need that.
Always Neg Back Crew.
post 1685399793 06-27-2023, 10:00 AM
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Seller pays the fees….
post 1685399923 06-27-2023, 10:02 AM
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Originally Posted By Anachron⏩
Interesting how OP claims to be buying multiple investment properties, yet is unaware that the seller is paying the buyer's agent's fees...
I would be the buyers agent for my own property....... I make 3% commission on purchasing a property for my own LLCs....

Is this too complex for you?
post 1685400983 06-27-2023, 10:20 AM
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Originally Posted By Anachron⏩
Thanks for doubling down on your own stupidity.
Thanks for tripling down on your own stupidity.

https://www.biggerpockets.com/blog/g...estate-license
post 1685401773 06-27-2023, 10:32 AM
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Originally Posted By Harry362⏩
Thanks for tripling down on your own stupidity.

https://www.biggerpockets.com/blog/g...estate-license
You really think people will pay you to buy their property? Just lmao
post 1685402533 06-27-2023, 10:45 AM
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Originally Posted By miscinbro⏩
You really think people will pay you to buy their property? Just lmao
6% is going somewhere. 3% buyers agent commission, can be dropped off purchase price so yes. You can negotiate however you want, sold my last house I lived in for 1% total realtor fees

and it isnt me buying the property, its an LLC that will hold the property, just so happens I am agent
post 1685402903 06-27-2023, 10:52 AM
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Originally Posted By Harry362⏩
6% is going somewhere. 3% buyers agent commission, can be dropped off purchase price so yes. You can negotiate however you want, sold my last house I lived in for 1% total realtor fees

and it isnt me buying the property, its an LLC that will hold the property, just so happens I am agent
So you buy the place, without a physical client, and don’t disclose it’s your LLC? Hugely dishonest. It might even be against the law.
post 1685408593 06-27-2023, 12:22 PM
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Originally Posted By Harry362⏩
Thanks for tripling down on your own stupidity.

https://www.biggerpockets.com/blog/g...estate-license
Doubling down on double stupidity is quadruple stupidity brah
post 1685408943 06-27-2023, 12:26 PM
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I think it’s worth it just to have access to the MLS and write all your own offers

I represent my own LLC as a broker and write my own offers and if I get one I get the commission and then even if I don’t want the property I can assign it to another buyer and make an assignment fee. Essentially doubling commission

It’s also way easier to network with agents if you are also an agent, and get access to pocket listings before they hit the MLS
post 1685409133 06-27-2023, 12:28 PM
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Originally Posted By Anachron⏩
Now that's a different story.

It's almost like you know what you're talking about, unlike OP.
True, OP is probably larping as most are on this site when it comes to real estate
post 1685410103 06-27-2023, 12:40 PM
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WTF job do u do where you have 20k extra income each month

You a heart or brain surgeon brah ?

If I had an extra 20k per month to play with I wouldn't worry about the commission fee and probably would have already bought multiple properties
post 1685410443 06-27-2023, 12:42 PM
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Originally Posted By Lefticle⏩
You don't even need that.
Pretty sure you need a lawyer to buy anything

I did when I bought my condo had to pay him off a few stacks
post 1685411543 06-27-2023, 12:53 PM
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Originally Posted By blueberryboy⏩
WTF job do u do where you have 20k extra income each month

You a heart or brain surgeon brah ?

If I had an extra 20k per month to play with I wouldn't worry about the commission fee and probably would have already bought multiple properties
Psychiatry medication management
post 1685411653 06-27-2023, 12:54 PM
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Originally Posted By Anachron⏩
Now that's a different story.

It's almost like you know what you're talking about, unlike OP.
MLS access is literally the #1 reason on that "8 reasons to get your real estate license as an investor" article I posted from BiggerPockets......
post 1685412163 06-27-2023, 01:00 PM
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Originally Posted By blueberryboy⏩
Pretty sure you need a lawyer to buy anything

I did when I bought my condo had to pay him off a few stacks
False.
Always Neg Back Crew.
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