Some people think that if you want to make it as an investor, you've got to work full-time, all-the-time. Is this true?
Myth #6: If you want to be successful in real estate investing, you’ve got to work at it 24/7.
Just as you don’t need to be a handyman to be a successful real estate investor, you also don’t need to make it your full time job.
There’s a lot to be said for embarking on real estate adventures “on the side.” And just as you hire a professional to dot the handyman jobs you’re not trained for, you also work with a professional when it comes to managing your investments.
Not only should your broker be well-versed in the art of real estate investing, but they should also be taking every step with your best interests in mind.
What does that mean exactly? That they only make money if you make a whole lot more.
By keeping your day job, investing on the side, and having a professional in place to effectively manage your investments, you may find that retirement is approaching a lot sooner than you anticipated.
Retirement = Not having to work at ANYTHING 24/7
This picture is my is what vision of retirement. What is your picture?
Having Trouble Getting the Ball Rolling?
So how do you start your first deal if you don't have good credit or a big wad of cash?
Stay tuned for Myth #7, "You must have good credit and a lot of money to invest in real estate." Keep an eye out to find out one of the most overlooked secrets by new investors.
Labels: Investing Tips, real estate investing
