Already on ArticleSlash?

Forgot your password? Sign Up

Real Estate Investing: full time or part time?

 


Visitors: 1,156
 5 votes

Real Estate Investing – full time or part time?

By Pat Esposito

When one gets the real estate bug, then it is logical to take this business to the highest level possible, as fast as possible. If you work full time at something, you will make more than if you worked part time. Right? All things being equal, probably. The standard rule of thumb is to start part time, and go full time when your part time income equals your current full time income. Most people who invest in real estate full time for a living have probably been doing this for a while, and have a reasonable income coming in. One of the great benefits of investing in real estate is that you could work at this part time, and still become wealthy over time.

When the time is right, you will know it. Don’t go at it full time, hoping to have a great year and make good money. People get involved in real estate to produce cash flow, yet if they quit their job to focus only on real estate, they are stopping their cash flow. Whether buying for long term rentals, or flipping for quick profits, you can make a substantial amount of money working part time. As you gain experience, you will develop skills to help you save time, and accomplish more. For example, you will know the right qualifying questions to ask. You will also be familiar with different areas, and will know which properties to follow up on, and which ones to pass on. You will be able to determine all of this without ever leaving your home.

Working full time can tend to put pressure on you to consistently do deals. Because of this, you may purchase properties that may be better to pass on. You become anxious to do that next deal, and even the mediocre ones’ start to look ok. They all have potential. You must know what you are doing. After all, you do this full time. Right? If you decide to invest in real estate full time, do not do it just to massage your ego. There are many ways to do that.

Build your base first. Your base consists of your experience, your knowledge, your motivation, your credit, your asset base, and your cash flow. All successful endeavors start with a plan, and short and long term goals. You may start part time, and have a goal to go full time after a certain amount of time. Build a strong foundation, which takes time, and your success is sure to follow. Remember to always be an informed investor.

(456)

Article Source:


 
Rate this Article: 
 
A Part Time Stay at Home Moms Business Opportunity Can Equal Full Time Success
Rated 3.6 / 5
based on 5 votes
ArticleSlash

Related Articles:

How to Light the Fire of Life Through Part Time Real Estate Investing

by: Terry Sprouse (September 18, 2008) 
(Investing)

Should You Do Real Estate Full-Time?

by: William Bronchick (August 27, 2007) 
(Investing)

Real Estate Investing Comes Down to Buying and Selling at the Right Time

by: Sal S Vannutini (October 07, 2008) 
(Investing)

Working at Home - How to Make a Full Time Income on a Part Time Basis

by: Asher Aw (September 29, 2008) 
(Home Based Business)

Why Most of the People Prefer Part Time Jobs Rather Than Full Time Work

by: Saif Chy (August 02, 2008) 
(Business/Careers Employment)

Work From Home Part Time Jobs With Full Time Income

by: Lynne Jones (July 20, 2008) 
(Home Based Business)

Part Time Or Full Time Cash at Home With Your Own Photography Business

by: Thomas F Jackson (August 11, 2008) 
(Arts and Entertainment/Photography)

Allowing A Part Time Ebay Hobby To Become A Full Time Income

by: Mark Kenny (February 27, 2007) 
(Internet and Businesses Online)

How to Make Full Time Income Through Part Time Network Marketing

by: James Montgomery (July 14, 2008) 
(Home Based Business/Network Marketing)

A Part Time Stay at Home Moms Business Opportunity Can Equal Full Time Success

by: Suzanne E Morrison (June 29, 2008) 
(Home Based Business)