You've read about the benefits of buying and investing in real estate, but now you're wondering what it takes to really capitalize on it's many perks. You've maybe started to ask questions like—If I can't quit my job and start investing full-time is it even worth it? What happens if I keep my job and try to balance both ventures? Am I going to miss out unless I go "all in"?
These questions are typical for anyone who's caught the real estate bug and can't wait to get started. While there are an endless array of options, strategies, and paths you could follow... today I just want to discuss the advantages of keeping your day job as you plan and implement your real estate endeavors.
Can I Invest in Real Estate if I Have a Full-Time Job?
Absolutely. When you turn on the tv and watch the gurus "in the trenches" of real estate investing, it's easy to get caught up in the assumptions. First off, what you see on tv is drastically different than what often happens in reality. Not all real estate investing involves taking big gambles. In fact, investing tactfully and with patience can eliminate most risk that we hear of too often in news ridden stories of real estate blunders.
With the right approach, the right strategies, and most importantly: the right network—any new investor can have success without quitting their job and spending 40-hours a week analyzing every deal and having their hands on every step of the project.
If you're looking to move forward in your career, there's no need to sacrifice your goals in order to get cash flow working in the background. Network with the right people and use systems of delegation to work for you not against you.
Advantages of Investing While Working Full-Time
Maintaining your full-time job has it's advantages. Those working full-time in investing are also bound by their results. Since they live off the cash low and equity that is established through their deals, the need for cash flow leads to greater dependence and risk taking.
The part-time investor has the unique ability to live off their nine to five—putting you in a position to pocket all extra cashflow from your deals.
"Additionally, you have a much easier ability to get long-term bank financing thanks to the stable income from work, which can also help increase and stabilize your wealth building.
You can invest in real estate while keeping your day job by doing the following:
Partnering in a larger piece of property
Investing in a buy-and-hold property with property management
Serving as a private or hard-money lender
Investing in notes (mortgages)" - BiggerPockets
What Are Your Options for Investing Part-Time?
So you're deciding to keep your day job. Totally fine, a lot of investors do. There are quite a number of different paths you can take at this point--so it's important that you come up with a plan. If you're looking for guidance on different options available to you (especially in the multifamily/fourplex space) we'd be happy to help you overcome some of the questions holding you back. Feel free to email email@example.com asking whatever questions you might have. Or schedule some time to talk at fig.us/consult
A look at the approach FIG investors take as part-time investors: