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What it Takes to be a “FULL TIME” Real Estate Investor
#1 Tax Liens & Mortgage Notes Contributor
- Lender
- The Woodlands, TX
What are the attributes necessary for becoming a “full time” real estate investor? We’re not talking about being a flipper, wholesaler, broker, or having a real estate “job”. We’re talking about someone who makes their money INVESTING in real estate and real estate related assets.
So, after 45 years in the real estate “game”, here is what I believe is necessary
1. Sufficient education
2. Sufficient experience
3. Sufficient Capital
4. Sufficient Knowledge
That’s it! LOL.
There’s a WORSE WAY and a BEST WAY to try to obtain items 1-4 above
BEST WAY: College or Professional Association courses in real estate (real estate license course as a base) and work experience for a REIT or other professional real estate organization and capital saved or equity raised from private parties with a MODERATE amount of debt leverage and or utilizing creative financing with low interest rate debt (may be highly leverage)
WORSE WAY; Any guru courses or mentorship’s combine with high interest debt.
What do YOU think?
