Belt Auction

Do real estate agents have an advantage in real estate investment oppurtunities?

I've been reading up about the science of investment in real estate; specifically condos, vacation rentals. I have met some very wealthy real estate agents in Hawaii and some others that make a decent income like 40k a year. If I want to become a real estate invester, will it help if I become a real estate agent, broker, etc. Please, I'm still young and am eager to learn from you the experienced.

Public Comments

1. Yes, they do. They are educated and experienced in Real Estate -business, law, finance and forecasting. Without that experience, an amateur investor is a sparrow among hawks; fresh meat for sharpers and con-men - especially the con-men who advertise 'Invest In Real Estate" seminars on TV infomercials.
2. Any added expertise will help an investor of any kind. Realtors have an advantage because they tend to know the laws regarding real estate, but more importantly they know their market and have access to information not readily available to Joe Blow investor. They are usually members of the local board of realtors and have access to the MLS which offers knowledge of present and past sales and the market trends of neighborhoods. You might not need to get a real estate license to be a good investor, but simply to find a good Realtor who knows the business who can guide you through it and advise you on good opportunities.
3. It takes time mostly. You have to work for Realty company for at least 3 years before you can even become a broker. A good personality, and knowing how to talk to people is key in this business.
4. No. As soon as homeowners find out that you have a license, they think that their property has oil or gold hidden on it. The price goes up. They think that you have inside information and want to make a quick profit.
5. It could go either way. I would say it would benefit you because you'll learn the business and make some great contacts while you learn real estate investing.