As the owner of a construction company that flips houses, Michael wanted to cut out the middleman and find his own properties. He decided to get his real estate license so he could have greater autonomy.
With his real estate license, Michael now has access to look at properties when it fits his schedule—and gets much earlier access to the homes before anyone else sees them. He can see the neighborhood comps and make better purchasing decisions. He doesn’t have to wait for another sales agent to do any of the work, which means he keeps all his profits.
Even though Michael had been investing in real estate before receiving his license, the two week course at The Real Estate School filled in the blanks for what he didn’t know. “As an investor, it’s a huge advantage to have your license,” he says. “You’ll be more savvy in your purchases because you’ll understand the process and the market better.”
Michael usually flips three to five houses per year. He joined HomeSmart Real Estate because they pay 100% commissions and have low transaction fees increasing his profit margin by not paying a lot to the broker. He buys the houses in rough shape and does most of the work himself to fix them up. He enjoys seeing the finished project and, of course, seeing a profitable return on his sweat equity!
Advice from Michael:
“It’s important to understand your project and be very thorough in your estimation.”