BUSINESS FUNDAMENTALS
GETTING STARTED
Part-Time Real Estate Investing
IS IT POSSIBLE TO BUILD WEALTH BY WORKING HALF TIME?
by Michael Jordan
R
eal estate investing is a great way to build wealth. This is an
real estate investment is generating cashflow or appreciation.
FLEXIBILITY
If you decide to have
your investment driven by a reputable property management company with a reputable track record, you can go on with your daily routine and agree on a convenient time to address any questions/ issues. Many investors find this to be the optimum solution.
opportunity to invest your savings while working, studying, or just enjoying life with family and friends as a passive investor, and spending less (or more) time on projects as an active investor. New investors often find themselves lacking time or resources to commit 100 percent in the business, leading them to ponder if it’s possible to do it part time. But is it possible though? Of course it is!
FALLBACK CAREER Part-time investing lets you test out the
waters. As good as it may seem, no industry is perfect and some have more risks compared to others, especially if you don’t have a mentor guiding you. Your investment properties will generate the income, and you can continue your current job. A win-win situation! If you’re doing this part time, you probably have someone working with you. This gives you the opportunity to meet with clients and fellow investors who can share valuable experiences. You might even pick up life lessons that will help you in other aspects along the way. BRAND NEW NETWORK
CONS OF REAL ESTATE INVESTING
TIME CONSUMING If you are a landlord, handling two jobs isn’t easy, especially if you decide to oversee your investments without the expertise of a property management company. Dealing with retaining qualified tenants and maintenance issues is a continuous job.
PROS OF REAL ESTATE INVESTING (EVEN PARTTIME)
SUPPLEMENTAL INCOME If you have another job, you basically have two sources of income. Part-time investors have the advantage of steady cash coming in while their
60 | think realty magazine :: march 2020
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