A Lifestyle by Design | Think Realty | A Real Estate of Mind

Abstract

One of the best perks of being a real estate investor is you get to choose the specific niche and lifestyle you want. How much time do I realistically have to allocate to investing? Real estate investing can be a very time-consuming, active business, or it can be very passive if you're a fund or syndication investor. You can always choose to be a more active real estate investor later, when you have more time to allocate toward learning and working in the business. If you ask any real estate investor, especially those who have invested for multiple decades, "What would you do differently?" they will likely answer: "Start investing in real estate sooner rather than later." Another saying you hear a lot is this: "Don't wait to buy real estate. Buy real estate and wait." There are four ways to make money investing in real estate, even if you're a passive investor: If you account for all potential expenses and purchase in a manner that yields positive cashflow, in time the other three ways usually end up going in your favor too. How much time do I want to allocate toward real estate investing? If you just love the idea of analyzing dozens of deals, submitting offers, dealing with the financing documents, and then creating a great community for residents or unforgettable memories for guests, then active real estate investing may be for you. Ask yourself whether you want to spend extra time learning the active real estate investing skills you need to be an active investor or whether you would rather be a passive investor. What skills do I already have that I can use in real estate investing? If you do want to be a more active investor, ask yourself: In a work setting, what are you good at? What do you enjoy doing? Often the things you enjoy are also what you're good at.