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Updated over 1 year ago on . Most recent reply
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Active income in REI
Hey all! I've been in real estate/mortgage since 2019 however I'm very new to the active investing world (just this year).
One of the key takeaways from the various books, podcasts, etc. that I've studied so far is the importance of keeping an active income while generating passive outlets through property acquisition.
I've heard that this can typically come through strategies like wholesaling, fix and flip, and wraps. However, these strategies often have high-leverage barriers to entry for someone newer to investing like myself.
For someone pretty acclimated to traditional real estate transactions, how feasible is working for another established investor - contributing to their business, learning the ropes, to generate active income for a new investor?
What kind of skills and experience would an established entrepreneur be looking for in a partner under this structure?
Most Popular Reply
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- Flipper/Rehabber
- Pittsburgh
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I'm just going to be blunt - most experienced investors aren't looking to partner with brand new investors, because brand new investors won't bring much to the partnership.
Can you house hack?