Should You Do Real Estate Full-Time?

Many self-acclaimed real estate gurus state that everyone should quit their jobs and immediately jump into full time real estate investing. They often claim incredible results from students with little experience. We would like to caution that life-changing decisions are not usually simple and that full time investing is not for everyone. Let’s discuss some pros and cons of full-time versus part-time investing.The Full-Time InvestorEntering into the real estate profession on a full-time basis offers several advantages over a part-time commitment. Being successful requires you to develop knowledge in many aspects of real estate, and more time focused on real estate leads to greater knowledge. The more your learn, the more you earn, since you do not need to rely on as many professional services or partners for help. You also learn to recognize a deal (or a dud) faster, which gives you more time to do more business or spend with your family.As a full-time investor, you work your own hours. When we say “full-time,” that may mean as little as twenty hours per week if you are good at finding deals. The rest of your time can be spent pursuing other vocations or hobbies. Or, if you are so inspired, you can work forty or more hours and use the extra cash flow to buy rental properties or diversify your holdings in the stock market. The point is that you need to satisfy your cash flow needs before you can start “investing” your money.One final point you should consider is whether you want to be “self-employed.” If you have always worked for someone else, being your own boss sounds very attractive. In some, respects, this isn’t quite the truth. Being your own boss means being an accountant, bookkeeper, stock clerk, receptionist and office manager all-in-one. You have to do deal with tax returns, payroll, office supplies, customer service, bills and all the other hassles that come with a business. You don’t have friends to chat with at the water cooler. You don’t have paid health insurance, a company car and a 401(k). You take your problems home with you every night. Sound like fun? It is, once you learn how to master your time and run your business. Being the master of your own life and career is well worth the other hassles of dealing with your own business.The Part-Time InvestorThe part-time investor holds a “regular job.” This may be by choice or for the time being until his real estate ventures are bringing in enough cash to quit his job. If it is the latter reason, don’t quit your job because the real estate “guru” told you so. Quit your job when it is not worth the income that it brings you. In other words, if you are making more money per hour flipping properties on the side, you are at the point that where your regular job is costing you money. Only then, is it time to quit!One of the advantages of starting out part-time is that you can maintain cash flow while learning the business. It may take weeks or possibly months to find your first deal. That same deal may take several months to turn around, especially if you decide to fix it and sell it retail. Think twice before telling your boss you’re leaving; you will have plenty of time to make the career switch once you have real estate experience. You may, on the other hand, like your occupation. If so, continue to work at it, and invest in real estate on the side.The best case scenario, if you are married, is to have one spouse work a regular job. The other spouse work the real estate business for creating wealth, retirement income and a nice college fund for the children. Of course, in today’s market, you could be laid off due to unforeseen circumstances. If you earn additional income flipping houses and invest the proceeds into rental properties, you will be covered if your main income is lost. This is especially the case for married women that often forego a career and raise a family, only to find themselves divorced with no means of making a living. We don’t want to sound cynical about marriage, but with a fifty-percent divorce rate in America, it never hurts to have a system for making money.Someone with a full time job tends to have little free time to focus on real estate. A part-timer should learn most of the same skills as a full timer. Thus, the key disadvantage to flipping properties on a part-time basis is that it takes sacrifice to learn the business. Something has to give; television, lazy weekends, meaningless hobbies and even some family activities must be compromised. As with any education, time spent learning about real estate will bring its own rewards, especially if the people in your life understand your goals and your plan to achieve those goals. If you are married, make sure your spouse reads this material with you and participates in the fun process of making money.Treat Real Estate as a BusinessPeople are lured to real estate because of the quick buck that it promises. Don’t hold your breath, you won’t get rich quick. An “overnight sensation” usually takes about five years. More than ninety percent of the people who take a real estate seminar quit after three months. Real estate investing should be treated with the seriousness of a career. It takes months, even years for a business to cultivate customers and have a life of its own. You need to treat it like any other business.

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Stand Out and Earn With Real Estate Business Opportunities

More and more investors these days are setting their sight on a Sarasota real estate business opportunity since it is really one of the best and fastest ways to earn. Because of that, these investors and realtors are using all possible means to reach their target market such as the print ads, television and radio, and now, even the internet.This is all because most homebuyers really want to have a good idea about the property. Through the means of the ads, they will be able to see pictures and get to know more about the details and specifics of a particular property. Aside from the pictures, descriptions, maps, and other information can also be useful to catch the attention of prospective buyers.In the internet, websites actually provide directory listings and that makes it possible for realtors to reach out to more and more people. In addition, the sites can also offer a way for those who may be living far to experience a virtual home tour so they can check the features of the property you sell.It is really important to catch up with technology when it comes to Sarasota real estate. In fact, it is already proven that there really are a lot of buyers that prefer going online when it comes to buying a home. They see it as a fast and harmless way to check if a particular property really has the features they are looking for and thus, decide if it is really the right one for them. After that, they will then contact the real estate professional so they can be accompanied as they personally check it in a future time.Of course, virtual tours aren’t an advantage to the clients alone but to the Sarasota real estate professionals themselves since it makes it possible for them to spend less time going around with people who might not be interested to buy the property in the end. Through the online marketing strategies, they can sift the real buyers from those who may simply be checking out merely because of curiosity.To enhance your site and make it more appealing, you can also add a soundtrack and even some 360-degree panoramic images so your clients can have a more memorable experience when they see your site.If you’re not contented with all of the mentioned tips and you really want to stand out among the other Sarasota real estate businesses, then you may also use property-casting. This means that you will use audio and video as a means of showing your customers the property. Property-casting allows you to easily spread the information more since it can be easily transferable to different gadgets such as an iPod, mobile phones and other similar products.As a last piece of advice, it would really be important to remind you that aside from all of these things, you should also know how to deal with your potential clients the right way. As impressed as they might with the Sarasota real estate you sell, if you will not act professionally when you meet them personally, then that could be one reason why they might possibly hesitate.