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.

Unique Custom Email Address for the Real Estate Business

Peter Pan went to never land or Never Never Land? Well, that’s a mystery that still remains to be solved but the importance of land will never decrease and its value will go on increasing forever. Yes, we are talking about the real estate business, which went through a rather phase during the economic recession of 2008. However, all is well now and the land selling and buying segment is booming again. If you own a real estate business, then you got to various branding tools available to get ahead of your competitors.Custom Business Email for greater Client attentionThe best way to enhance your business opportunities is through building greater and better communication contact with the prospective customers. One way to do this is by providing quality service to your clients and paying attention to all their needs and requirements. Another way to cover wider market base is by strengthening your referrals through regular follow ups with the present client base.Custom business email account have taken the value of corporate communication several notches higher as they not only help in attracting instant client attention but also make sure that the prospective client remembers about you, your email or the company name contained therein. In a study conducted by the Wharton business school, it was found that consumers and service seekers tend to trust businesses with custom email ids more that the businesses that use generic address for communication with their target customers.Roger This!A generic email ids looks exactly that: Generic. It doesn’t add any value to your business communication or create any positive impression upon your target customers, encouraging them to get in touch, just as personalized business email accounts do.Realestatecompany at gmail dot com or buildingyourhome at yahoo dot com do not sound very exciting or call for client action. On the other hand custom email-addresses like company-name at BostonEstate dot com or reasonableRates at NashvilleProperties dot com are quite meaningful and create an impression on the target customers. It establishes your market reputation, the professional nature of the service and makes sure that the customers do not forget your email account or company name.Area Specific Email AddressesA Unique business email address provides you the opportunity to get creative with the most important correspondent address in today’s digitized world, that is the email-address. You can specify the geographical area you cater to in real estate terms, such as xyz at HawaiiBeachProperties dot com or Harvardstudents at BostonRealEstate dot com. The first email-address is clearly for those who are looking to buy or rent property in Hawaii while the other one is for students going to Harvard and planning to stay off campus.Small Investment, Big ReturnsYou must have said it to many of your real estate clients. The mantra holds true in case of custom business email addresses too. Investment of a few dollars in these personalized addresses can get high returns for you in terms of greater customer flow and excellent communication with the clients.