With your renovation skills, you’re set for success—just focus on growing neighborhoods and thorough inspections.Good luck!

Hone Microsoft Excel skills by creating 12 tab pro-formas to practice 1% rule underwriting on $100K single family homes. 4.

Education and skills are worth infinitely more than just the exit on one transaction.

I got licensed and have been learning brokerage and hope to transfer these skills into becoming a principal at some point.

Finally, obtain a professional appraisal post-renovation to accurately determine the new value of your home.

And the first to quit would be the ones with brains and skills.

You'll see a ton of people make money on the connection to the realtor, investor, and/or professional versus being them him/herself.

First, it could help you qualify as a real estate professional (REP), or at least make it easier to qualify, which would allow you to offset passive losses from your rental properties against your active income.

Ultimately, it's about finding the investing strategy that aligns with your goals, lifestyle, and area of expertise/skills/knowledge.

Strong business credit can sometimes offer more flexible financing options when starting a real estate business.Step 4: Leverage Your KnowledgeAs a business management major, you have a unique perspective and skill set that can add value in a competitive market.