I’ve been a real estate investor for almost two decades now and the people I meet in this business continue to amaze me. For instance, I met Evie at a local real estate investing club last spring. It turned out that Evie was a Statistician seeking a more fulfilling work life. She’d been waiting six years for a promised promotion into upper management that never seemed to come. Tired of waiting, she was ready to strike out on her own and was considering becoming a professional real estate investor. She wanted to be her own boss and be in control of her own earning potential.
But Evie hadn’t become successful in her field by being making hasty decisions. She’d seen lots of television shows that said house flipping was fast, easy money. This made her cautious. Since I’m an experienced investor, she was quick to ask me: Is real estate investing a good career? So, we grabbed a coffee and chatted about it.
Is Real Estate Investing Really a Good Career?
Many people who are sick of their jobs, like Evie, ask themselves whether they’d be better off becoming an entrepreneur, especially if you’ve been waiting on promises of career advancement that just never seem to materialize. Sometimes you just need to go where the opportunity is. And if that opportunity isn’t within your environment, change up your scenery. Real estate investing, in my experience, is a great opportunity to take the reins of your financial future.
Sure, there are risks to buying, rehabbing, and selling houses for a living. It’s almost inevitable that you’ll make some mistakes as you learn. You might overpay for a property, shrinking your profit margin. Underestimating rehab costs, overestimating sale prices and underrating property management or holding costs are all common mistakes, too. Being unaware of these risks has caused many new investors to fall flat on their faces.
But, when you have the right training, tools, and resources to support you in growing your budding business, the risks can be mitigated. And, if you take a look around, there are a lot of options to choose from. Here are just a few of the bases that I suggested Evie get covered before getting started on her new career path.
Getting some of the best real estate investment training should be the first item on your getting started checklist. There are a number of classes, seminars, coaches and books that can give you all the background information you need to get started—and, as time goes on, advance—your career but they can also be overwhelming. With so many self-proclaimed ‘gurus’ out there, it’s hard to tell whether a training resource will really offer what you need or just suck money from your pocketbook and confuse your efforts to get started.
The most sure-fire way to ensure quality in training is to make sure you’re receiving information from someone who’s actually had proven success as a real estate investor. You’d be surprised at how many book authors, gurus and teachers—even at a university—that have never even purchased an investment property.
Real estate investing requires top-notch tools and the most critical are for managing leads and evaluating properties to buy. You’ll find that many real estate investors patch together a bunch of different resources to accomplish these mission-critical tasks, from Excel spreadsheets to different software applications. The challenge, however, is getting them all to work together seamlessly.
That’s why you’ll want to find real estate investing tools that are ahead of the curve when it comes to integrated technology. You don’t want to have to input property data for three different programs when you could be closing deals.
When you just start out, you’ll need to have informed, expert mentors to offer advice and feedback. Many new investors attend real estate investing clubs in an effort to connect with a mentor. And, you’re sure to find one near you whether you’re looking for an investing club in New York or Illinois.
But, finding a mentor at a club who genuinely cares about your success and wants to help you achieve your goals can take a lot of time. And, you simply won’t have it to spare if you want to get your investing career off the ground sooner rather than later.
These are the basics, but once you have them in place, real estate investing really is a good career. I have two decades of experience to attest to that. But, I’ll tell you, it wasn’t easy getting all the pieces in place in the beginning. Until, that is, I found a tried-and-true, ready-made real estate investing business model.
Real Estate Investing is a Great Career—with HomeVestors
After spending a couple of years trying to find the right solution for every aspect of my new real estate investing career, I was getting frustrated. I spent a pretty penny on trainings of various types, but none gave me everything I needed to know to get my budding business off the ground. And, don’t get me started about the tools—I tried all the ‘latest and greatest.’ Mentors came and went, never lasting long enough to see me through.
So, when I discovered that HomeVestors® provided all that and more, I jumped on it. Not only did I receive a comprehensive initial one-week training, but I also got connected to a dedicated Development Agent who made it his business to help me achieve my real estate investing goals. Even better, I got access to some of the best user-friendly valuation and lead generation technology in the industry. I was all set—and have continued to reach my new challenging investing goals year over year.
So, is real estate investing a good career? Absolutely—when you become a HomeVestors® franchisee. Hearing that was enough for Evie to be done waiting on promises. Now, she’s not only a HomeVestors® franchisee, but she’s also finally in control of her career and her income.
Don’t wait as long as Evie did. Start a good professional career in real estate investing by calling HomeVestors today!
Each franchise office is independently owned and operated.