Real estate investing doesn’t have reputation for being the most fun job out there, or does it?
It surely is not the easiest profession, and there are definitely tough and challenging aspects of it, as any other career choice. But what makes real estate investing special is the fact that its worth it not limited to the financial gains you achieve but also for the fun part of it. So we’ve put together a list of the fun aspects of real estate investing to remind you of how amazing your job is!
Flexibility in Running Your Business
As a real estate investor, you are self-employed. This means that your business is your own brand – and the possibilities are endless! You will have the flexibility to decide what sort of business you will have and what strategies to follow, including different ways to rent out your property. Additionally, you get to set your own work hours, decide when to take time off, and arrange and plan events with clients and sellers at your convenience.
While time-sensitive, real estate investing is more flexible than other professions – which is what makes it appealing for so many professionals and entrepreneurs. If you are a modern day entrepreneur seeking freedom from traditional employment, real estate investing can grant you freedom other professions don’t.
Meeting and Working With People
Most real estate investors will say that meeting people is their favorite part of the job. With real estate investing, you are working directly with people. So if you’re a people person, this aspect of the job may be your favorite. Take Airbnb rentals as an example. These may be the most fun aspect of real estate investing of all. Airbnb rentals allow you to meet people from different corners of the world, be their tour guide for the stay, and sit and chat with them over a morning coffee. You will experience the perks of international travel under your own roof as you hear people’s stories, learn about their culture, and make international connections.
The other fun aspect of meeting people is making business and professional connections. You will surely be attending open house events, real estate seminars, consulting an agent here and an investor there. Real estate investing gives you the opportunity to build a huge network of people that will offer you a platform to get acquainted with like-minded individuals who challenge and support you.
You’re Always Learning New Things
Your job as a real estate investors requires you to keep up with the recent trends, technologies, and information. So you’ll always be learning new things. Moreover, in real estate investing, you are gaining life skills that you wouldn’t be able to learn anywhere else. Whether it’s learning to deal with different people, being flexible, tending to different clients’ needs or visions, multitasking, among other skills.
The job also requires you to learn your way around the community, the neighborhood, the city, and state. It won’t take long before you turn into a real estate investing expert! Your role won’t solely be limited to buying and selling property; you’ll also become an adviser to your clients and networks.
To optimize your learning experience in real estate investing, use Mashvisor to gain insights on over 40,000 properties in cities and states nationwide. You can browse through our investment analytical tools to view information on CoC return, cap rate, occupancy rate, rental income, and much more. Our interactive investment property calculator will help you decide which area, city or neighborhood the best real estate investing is.
Related: 6 Real Estate Market Trends of 2017
You Get to Be Creative
Investors often forget how creative they need to be when it comes to real estate investing. The creativity comes into play especially when you’re coming up with ideas to market your property. Whether you’re selling or solely renting it out, you will need to summon all of your creative forces. There’s so much you can be innovative with when marketing your property – from using social media, to writing blogs, taking artsy photos of your property, looking up attractions in your area, using video marketing, organizing an open house event, setting up the décor… the list goes on.
Looking at Houses
If you are especially fond of architecture, and looking through different neighborhoods and properties, then real estate investing can be very enjoyable for you. As a real estate investor, it is part of your job description to learn to appreciate a nice neighborhood and/or property. It’s true that most of the time, you need to rely on data and insights to spot a good investment, other times you’ll learn to trust your gut. Consider browsing the perfect property to flip and fix. You start to envision what it could look like – how would you make the kitchen look like? You begin to imagine a family rushing through breakfast in the morning, kids running down the stairs (that you fixed) trying to catch the bus to school, you get the point. So while the job does require attention to numbers and calculations, there is a usually underestimated beauty aspect to it.
Finally, remember to use Mashvisor to make real estate investing not only easier, but more fun as well!