Investing in real estate is challenging; requiring education, networking, knowledge, and experience.

 

Ask any professional investor, and nearly all will agree: Investing in real estate is a great way to build wealth over time, making it one of the most valuable asset classes in any portfolio. In fact, 41% of Americans surveyed in 2021 said “real estate is the best long-term investment.”

Many investors new to the world of real estate start with part-time investing before jumping in with both feet. Part-time investing is a great way to test the waters and generate a supplemental income while keeping a full-time job and building a base of knowledge, experience, and contacts.

More than 44% of Americans work a side job to supplement their full-time work. Can part-time real estate investing be a worthwhile side hustle?

With the right strategies and mindset, absolutely.

Know Your Options
Many real estate side-hustles call for more hustle than money, making them an ideal place to start for new investors. Other options do require an outlay of cash and may require working with a lender, but can yield higher returns over time.

There are advantages to owning and managing rental properties, whether a multi-family home in which you live in one unit and rent out the others or a single-family home or vacation house. These investments can generate supplemental income, will typically appreciate over time, and provide a number of tax benefits.

On the other hand, buying rental properties requires a significant outlay of cash, regular investment of time and skills to manage tenants and the property itself, and the possibility of vacancies.

Before deciding if rental properties are the right choice for you, you might consider overseeing other investors’ properties to learn the ins and outs of tenant management, property maintenance, and marketing.

House-flipping, or buying an undervalued home to renovate and sell for profit, is an option for experienced investors who have the knowledge, cash and expertise to either oversee the renovation or the time and money to do the work themselves.

Read More…

About Skip Force LLC.: Skip Force is a SaaS company based in Austin, TX. Founded in August of 2019, Skip Force has developed solutions, for real estate investors and resellers, to streamline the skip tracing process to effectively close leads.

Related News

Should you suppress your numbers?
Should You Suppress Your Numbers?

Suppression is whenever you download a list and you take away any of the duplicates that you probably previously uploaded. So should you suppress your phone numbers? And the answer is absolutely no. What is suppression? Suppression is whenever you download a list and you take away any of the duplicates that you probably previously […]

Here’s How to Make Plenty of Passive Income as a Real Estate Investor

Make Plenty of Passive Income Love Passive Income? – Buy this pair of REITs and watch the dividends roll in. Real estate investing has long been a proven path to prosperity, but it also can involve a lot of upfront investment and then time and/or money spent on managing those assets. Then there’s passive income, […]

Property Data
Property Data Benefits and Walkthrough

Property Data Benefits and Walkthrough: Property Data Benefits and Walkthrough – So one of the things we do extremely well in our investment business is generate a ton of leads. We generate about 50 leads a week of qualified leads. That means people, that two tiers. One, either they’re in mass of amount of pain […]