If you’re thinking about becoming a real estate investor, it’s probably with the hope that life will be better, easier, or less stressful for you. Unless you know someone who is a successful investor, you may not know what to expect. To get you motivated to take that next step, it can be helpful to know how life will change for you.
The Right Kind of Real Estate Investing
First, you should know it depends on what kind of investments you’re making in real estate. If you’re buying properties to rent out to tenants, you’re going to be working pretty hard to manage them unless you hire a property management company.
On the other hand, if you’re doing the fix-and-flip type of investing, you’re also going to have long days and stressful times as you wonder if you can make a profit on each property. In fact, life in these two scenarios may not look much different or better than where you are today.
However, if you use the Marco Rubel method of investing, you should see some major differences in your life then and now. So, know what kind of real estate investing you want to do before you start envisioning life in the future.
What Kind of Life Do You Want?
If you didn’t have to work a 9-5 job, what would you do? You might say you’d travel a lot more or you might want to spend more time with the kids or grandkids. You may have hobbies or dreams you’d like to pursue. It’s important to picture that life in your mind now and set it as your goal. You’ll work harder to reach that goal if you believe it can really happen.
As a real estate investor using the Niche to Wealth method, you can live that kind of life. You’ll still have to work, but it will be a lot less than what you’re doing right now. You may get up in the mornings and check your investments. You’ll need to do some marketing to find new properties that fit your plans.
The rest of the day will be yours. Some days, you will close deals and buy or sell a property, but the rest of the time you don’t even have to think about work. You can go to the gym or the beach, see a movie or catch up with an old friend.
The best part of all about being a real estate investor – you can work from anywhere. You can continue to make money while you’re on that Caribbean cruise or while skiing in the Alps. You don’t need to be sitting at a desk in some office building to earn money. Take your laptop on vacation or use your tablet to find a new deal.
If you’ve been dreaming of the good life, whatever that looks like to you, know that you can begin living it as a real estate investor.