Do you have your real estate license? Are you thinking of getting your real estate
license but you want to fix and flip houses. Well, let's talk through this.
Because as there is some things that you need to know before you get your real
estate license. And if you have your real estate license like me, I'm going to tell
you some crazy stuff that you need to know before you ever get into a fix and
flipping. So, let's go.
Welcome back. In this video, so many people you ask me... Because I have my real
estate license and I buy and flip houses. So, so many people wonder do I need to
get my license like you, Noelle? Should I not get my license, Noelle?" These are
great questions and I love making this video because it is so important because
there are so many things that you could really mess up having your real estate
license. So, go ahead and take this opportunity and subscribe to this
channel. Because again, I'm giving you so much great information every single day
for free. Basically a free course here. And I'm one of the fastest growing
channels on YouTube. Thanks to you. So, I will keep making content to help you
guys out. Alright. So, let's get into it. The first thing that I'm going to teach you
in this video is 1, how to navigate if you have your real estate license or if
you don't have your real estate license. The one thing that you need to check
before you ever get it. Number 2, I'm going to let you know all of the obstacles
that comes with getting the license, if you get the license. And I'm going to give
you the solution so that you don't fall into that. And then number 3, I'm
going to give you some bonus tips that you can follow so that you don't spend a lot
of money doing anything. Okay, so let's get started. The first thing that you need to
know about fixing and flipping with a real estate license is one, let's talk
about what a real estate license is and what it does. Just so you know that
really quickly and really clearly. I have my real estate license and one of the
things that I had to do to get my real estate license is... Because I actually I
have 2. One in the state of Florida and one in the state of Texas that I have to
still maintain. I still have to do continuing education. I still have to pay
fees to both states. I have to pay fees to boat to different brokers. Having your
real estate license is kind of a big deal because there's things that you're
going to have to do to get the license like (1) go to real estate school. Pass real
estate school. Pass your real estate exam. And then get
accepted by a broker and then pay said broker all of the fees and things that
are necessary. That's the first thing that you have to do. Then once you get
your license, you have to maintain it. In every single state, they have different
requirements. Some states require you to do 18 hours of continuing education. Some
require 24. Some require 30. It really depends on the state that you're
in. And what that means is you have to continually get training. And in many
cases, you have to pay for that training and pass the test in order to keep your
license, okay? And it's a great thing so that real estate agents, they are abreast
of all of the information. They are qualified to do what they're doing. And
that they are giving the public good information. That is a good thing, okay?
And so, if you want your real estate license and you want to be a real estate
agent, I absolutely encourage you to do so. I can absolutely help you with that
and give you some great tips on it. But if we're talking about fixing and
flipping with a real estate license, there's a couple of things that I want
to warn you about. I just want to warn you about something that happened to me.
So, I have my real estate license and I fix and flip. But one of the key ways to
make money fixing and flipping is finding people with property problems.
I'm not going to spend a long time going over all of that with you because I
teach you all of that. There's several videos that you can watch for free right
here where I teach you this concept and I teach you exactly how to use it to
make a ton of money. But basically you're finding people with property problems and
you're marketing to them and then you fix and flip the house because you got
the property at a great price. Now, does that really go in line with
what I said about a real estate agent? Not really. So, here's what can happen and
what happened to me. I literally have this lady. She was an
older lady and she was good being moved to a convalescent home. And she agreed to
sell me her property at a really great price. I fix and flip the property. I made
a ton of money. Fast forward about 3 months after I sold the house and walked
away with a sizable check, her daughter comes along and finds out what happens.
Now, I didn't do anything wrong. The lady was completely in her right mental state.
I had not taken advantage of her in any way or anything like that. However, I did
make a lot of money on that deal. And the daughter saw what the house sold for and
she was livid. She felt like she should get that money. That was her money to
make. She wanted to flip the house. I really don't know because she was nowhere to
be found when this lady was losing her house. But we're not going to go there. But
now, I'm a real estate agent and so I'm a really
a target for her. And she filed a complaint with the real estate board
against me. And I had to defend my license.
Now again, Noelle has never had any sanctions or anything like that against
her license. I follow the rules and I teach you to do the same thing. But this
is one of the difficulties that you're going to have to navigate if you get your
real estate license and you're fixing and flipping properties. People get
really jealous sometimes when you make a lot of money. They could have obviously
done the same thing because (I'm being really honest with you) fixing and
flipping is the riskiest of all of the different real estate investing
strategies that I teach you. It's very profitable. Don't get me wrong but the
bigger the risk, usually the bigger the reward. And so, people sometimes just see
the reward part because they see you with those checks and they saw that you
made money. But they don't realize that you put a lot into it. You hired
contractors, you pay for those people. You had the mortgage to pay. You were paying
the electricity all of these things while the home was being renovated. And
so, I don't think she looked into that part. She really just saw that,
"Hey, my mom sold you this house for X. And then I see 2 months later, you sold it
for X. You took advantage. Give me some of that money." And it was quite an eye opener
for me where I had to really defend my license and I really had to start
thinking about should I keep my real estate license if I'm doing real estate
investor activities? If I'm going to be a real estate agent,
yeah, keep your license. But if you want to fix and flip properties, why would you
want your real estate license? Well, I know, I know. Some of you going to say, "Well,
so after I fix and flip the property, I'll say but ton of money selling the
property myself." And yes, Noelle has done that and I have saved some money doing
it. But I'll be honest with you. The money that you spent to get your license, keep
your license and keep maintaining it, probably negated all of the money that
you saved listing that property yourself. And listing the property yourself is
work. So, of course you save money because you work for it. So, just a little thing that
I wanted to share with you because that is a true story and it's something that
you probably need to think about before you get your license. Last but not least,
I want to give you 1 more warning just because I just have to. So, I told you
kind of what happened with me. And again, that's just with the public. So, if you
have your license, the public can target your license. That's just one of the pros
and cons of it. Yes, you can save some money but now you have an easy way for
people to file a complaint against you and it can be totally unwarranted. The
next thing that you have to just think about is your duties to your broker. As a
real estate licensee, you have a duty to your broker. So, what does that even mean,
Noelle? Okay, your broker is like the person that has the real estate company. Remax,
Keller Williams, Century 21. Blah, blah, blah.
I know you guys have heard of these companies. Real estate agents are
independent contractors of these companies. And in the agreement that they
have with those companies... So, if I'm a real estate agent and my license is with
Exp Realty which is truly who it is with. I have duties to my broker,
okay? And they want me to do what? They want me to sell houses
so that I can give them what? A commission. They're not looking for real
estate agents to fix and flip houses generally speaking. They're looking for
you to bring them clients, help those clients so that you and them get a
commission. And so, many brokers, many real estate brokers that hire real estate
agents are not really interested in hiring real estate agents that want to
be investors. So, I'm just giving you that as a warning because if you want to do
this and you still want to proceed with getting your license, you want to make
sure before you do that you have kind of identified what broker you're going to
be going with. And if you need any help with that, remember, I'm a licensed agent.
You can reach out to me and my team. We can help you navigate all over this. Well,
hopefully you really enjoyed this episode. I gave you a lot of great
information. This is one that you may have to rewind and listen to again. And I
totally encourage you to do that. Additionally, I want to help you guys. So,
please comment below if you need help with real estate flipping. And I have an
amazing opportunity for you, guys. If you go to NUUREZ, N-U-U-R-E-Z dot com,
we have an awesome opportunity where we are literally buying properties and
people are putting in just a little bit of money and they can get quarterly
distributions from the houses that we're fixing and flipping from the houses that
we're putting on Airbnb. And the properties that we're making a ton of
money on and then you can get your cut too just by being an owner in the
company. So, it's an amazing opportunity If you don't have a lot of money and you
don't want to create any debt. So, thank you so much for watching this episode.
I'll see you next time.