What it Takes to be a “FULL TIME” Real Estate Investor

[Don Konipol]

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? 

[Jay Hinrichs]

Some of my most successful clients have done exactly as you described they had a JOB with a REIT or developer and learned their craft before launching out.

Trying to get this type of education paying  companies that just sell short term training is very hit and miss.  I also have clients that have done well with Guru type training but its 1 out of 10 at best that takes that training/education to the next level etc.. But the ones that did had very good W 2 so they had the cash and income to qualify for loans.