How to become a full-time real estate investor
Many people dream of becoming a full-time real estate investor. However, making enough money or feeling comfortable enough in the real estate business to quit your job isn’t easy. I have been a full-time real estate investor and agent for over 15 years. I love going to work on Mondays because every day is different and exciting. I also have complete control of what I do because I own my own business as a real estate investor. Real estate has even allowed me to create this blog, write books, and do many other interesting things. I did not have a fast and clear path to being a full time real estate investor, but I have learned a lot over the years that can help others become immersed in the business. In this article, I talk about my path to becoming a full-time investor and what others can do to get into real estate full time.
How did I become a full-time real estate investor?
Well, it took me a long time. I started in the real estate industry right out of college, but I was an agent. My father had been an agent for a very long time, and I reluctantly worked with him when I could not find a decent finance job. I lucked into real estate, but once I got started, I loved it. Being an agent is not the same as being an investor, but the careers are very similar. Becoming a real estate agent was actually a great way for me to become a full time real estate investor.
I found my niche as an REO broker selling bank-owned foreclosures. I started making a lot of money as an agent, which I invested into as many rental properties as I could buy. In 2015, I had purchased 16 rental properties that made me about $8,000 per month in passive income. It is hard to pinpoint when I became a full-time investor as opposed to a real estate agent, but the shift was gradual over time.