Oct 31 2022

Can I Invest in Real Estate While Working Full-Time?

Whether reading it in a book, hearing it in podcasts, or seeing it in your social media feed, you’ve come across the message that you have to quit your job in order to be a successful real estate investor. The truth is, investors who have full-time income have several advantages over full-time investors. The kind of get-rich-quick real estate investing you see online from a guru on your social media feed isn’t even investing at all, but rather gambling or speculating.

Advantages of Working Full-time

The most obvious one: you don’t need to live off the cash flow that your investment produces. By reinvesting all the profits from your investment, you can fully leverage its income-producing ability. You’ll have an easier time getting long-term bank financing thanks to the stable income from your job, and you won’t be ripping out your hair trying to invest enough to eat. This can also significantly increase the portfolio size you build before you rely on partnering or joint ventures.

Ways to Invest While Working Full-time

Partnering in a larger piece of property, investing in a buy-and-hold property with property management, and serving as a private or hard-money lender are the more common investment vehicles for investors that still work full-time.

When Should I Leave My Job?

While real estate investing can be highly profitable, don’t just leave your job because it’s what you heard you should do. It’s essential to have a concrete plan in place before you decide to join the full-time investors club.

What You Need to Know

Life’s too short to be stuck in a job you hate. We really get that, but it’s essential to have a well-thought-out plan before you decide to leave the security of a full-time job. Working with a trusted real estate agent who understands your area’s nuances and niches is a critical first step in this often overlooked decision.

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