UPCLOSE & PERSONAL
WEEKEND INVESTOR
First Things First WITH SO MANY CHALLENGES AND OPPORTUNITIES IN REAL ESTATE INVESTING, WHERE DO YOU START?
part-time real estate investing business:
1 I could invest in residential rental properties.
2 I could start out investing in residen- tial rehab—or fix-and-flip—proper- ties. 3 I could invest in wholesaling resi- dential real estate. All three opportunities were doable, attainable and potentially very profitable. I chose to start with residential rental properties, which, I will admit, is the least glamorous way to enter real estate investing. We have all heard the horror stories of being a landlord or owning rental properties. It’s not really sexy, glamorous or exciting. But I will tell you without a doubt—based on my own experience and the experience of others—it is the single best real estate investing approach to take for building long-term sustainable wealth. I purchased my first rental property more than 10 years ago. Looking back,
by Kevin Guz
ery early on, starting out as a part-time real estate investor, I
own personal experience as a former part-time real estate investor in Dallas, and now a full-time investor and own- er of a HomeVestors franchise. Perhaps you can apply some of my learning from the school of hard knocks to your own part-time real es- tate investing business and maybe save yourself some pain along the way and accelerate your path to success. THREE POSSIBLE AVENUES FOR INVESTING The way I looked at that vast ocean of real estate investment opportunities was to identify three fundamental avenues for myself in regard to building my
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recognized the enormous challenges in the vast ocean of real estate but also the numerous opportunities that exist. It can become overwhelming, and al- most crippling, especially when you are starting out as a part-time real estate investor to identify: • Where do I start? • How do I start? • On what do I focus initially? Then, even beyond that, where should I start to set my goals and aspi- rations to build on that business? I am basing my perspective on my
94 | think realty magazine | may :: june 2016
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