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How to Make Money in Real Estate Without a License! | Brian McClain | Ep 17
The REAL Wealth Formula Podcast
47 minutes
1 month ago
How to Make Money in Real Estate Without a License! | Brian McClain | Ep 17
Should a real estate investor get their real estate license?
Brad and Brian break down one of the most common questions newer investors have and the answer isnβt what most people think.
In this episode, youβll learn the real reasons investors choose to get (or not get) their license, the creative finance traps that licensed agents must avoid, and how to decide whether a license will accelerate or slow down your investing journey.
Brad and Brian share real stories from hundreds of deals, real-world negotiation insights, and the mindset wealthy investors use to evaluate every opportunity without falling for hype, fear, or industry pressure.
If youβre trying to decide whether a license belongs in your wealth-building toolbox, or if you want the freedom to invest without limits, this conversation gives you the clarity you need.
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π‘ Key Takeaways
You do not need a license to become a successful real estate investor
The real reason some investors still get licensed
Why many realtors fail and what the good ones actually do
The investor vs. realtor mindset (completely different)
The ONE huge downside of being licensed: creative finance limitations
How to avoid realtor conflicts, liability, and bad deals
Why off-market deals are better than the MLS for investors
How to choose whether a license fits YOUR goals
Why truth, negotiation, and local relationships matter more than credentials
The principles wealthy people follow in real estate and in life
π Resources and Links Mentioned
REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors
π€ Connect With Us
Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com
π± Social Media Channels
Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula
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β³ Chapters
00:00 β Should Investors Get Their Real Estate License?01:55 β Do You Need a License to Invest?02:50 β Why Brian Became a Licensed Realtor07:04 β How Brian Uses His License as a Tool, Not an Identity09:48 β How Realtors Should Actually Work With Investors11:00 β Buy Side vs Sell Side: How the Game Changes17:00 β Commission Breath and Bad Realtor Habits18:30 β How to Identify Good Realtors From Bad Ones22:00 β The 3 Dβs: Death, Divorce & Distress24:45 β Real Estate Education, Negotiation & Truth Telling27:00 β How The NAR Settlement Changes the Game29:40 β Working With Professionals Who Tell You the Truth33:00 β Birth of Multiple Streams of Income (The Right Way)35:30 β Why Being Specialized Makes You Wealthy Faster37:40 β Off-Market Deals, Distress & Real Needs42:48 β Real Estate as a Lifestyle, Not Just an Investment45:10 β Final Wisdom: Master One Skill Before Adding More46:12 β The Importance of Local Community & Mentorship47:02 β Closing Thoughts
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