Working full-time but ready to invest in real estate

[Nichole Kinard]

Hey there,

I have a great job and not interested in quitting, but I'm ready to start investing in real estate. What strategies do you suggest for someone like me who doesn't want to do real estate as my job but who wants to own properties. I also spend a lot of time overseas with my job, so I would not be able to manage the day-to-day of my properties. The BRRR strategy is interesting since I do have breaks in my job that would allow me to oversee the rehab process, but are there other more passive ways to acquire and own real estate?

Thanks!

[Nicholas L.]

@Nichole Kinard

can you use a low down payment loan to house hack something? you mention you are overseas quite a bit, but maybe you could still have a primary residence with a primary residence loan. you might even be able to MTR some of it while you're not there since it would be furnished for you.  maybe talk to some lenders and see what options you have.

unfortunately i think the active methods take a lot of time, and the passive methods take a lot of capital.

for example - on the active side - BRRRR is a really great but really difficult method. step 1 is buying a distressed property at a great price, which is really tough to do right now, and way harder than it was 5 or 10 years ago. just to be realistic i think it would be tough to just pick one up on a 'break.' that's not to say it can't be done, just that you'd really need to be getting things set up as you go.

and on the passive side - i really think the more passive options, like lending or syndications, are for experienced, well capitalized investors. others might disagree, but if you have 50K in savings, you don't have any business putting all of it in one basket, whether that's a BRRRR or a loan or a syndication. those can all go to zero.

happy to answer any questions you have - i've done a little bit of everything.  not trying to be discouraging, just realistic.  the market is unforgiving right now with rates high, prices high, limited inventory, and tremendous demand for both retail and distressed properties.