Licensing and Credentials? No.
Some states may require that you get a real estate license to invest as a professional home buyer, but most do not. Obviously, you’ll want to check state laws just to be sure. Either way, there are a few advantages to obtaining licensure that are worth mentioning. For one, you can save about half on commission costs by representing yourself during transactions. You might also cut down on the amount of time you spend just waiting for agents to get back to you. After all, if you can get the info you need, then you can expedite research, communication, and your deals. And with a license, you’ll have access to the Multiple Listing Service (MLS) to source leads on fixer upper homes for sale.
Unfortunately, the added time and money you’ll have to spend on real estate courses, exams, and licensure renewals won’t necessarily earn you a robust investment portfolio or industry credibility. Your savings on commissions won’t necessarily negate the expense of brokerage fees, commission splits, monthly dues, or advertising costs you may be responsible for either. Plus, the best deals on distressed homes are not always on the MLS anyway. It’s probably better to focus your buying, renovating, and selling activities by working with an agent who already knows their stuff.