Flip Tip Summary
A common question for part time real estate investors is “How do I know when to go full time?”. Arnie Abramson joins us for this FlipNerd.com Expert Tip to share his answer to that question. Check it out!
Flip Tip Transcript:
Mike: Hey it’s Mike Hambright, from FlipNerd.com and we have a quick Expert Tip to share with you from Arnie Abramson who’s going to talk to us about when to go full time as a real estate investor.
This Expert Tip is sponsored by RealtyMogul.com, B2RFinance and National Real Estate Insurance Group.
Arnie: That’s the question I get a lot and my answer Mike is, when you don’t have to ask that question. In other words, you’re following your gut instinct. You get involved in real estate and you do what you have to do and all of sudden you realize, you’re going into full-time operation. If you’ve to stop and think, “Should I do this? Should I do that?” Then you’re not ready. I think the parallel is, is this is true, when you’re looking at houses to buy also. If you have to talk yourself into it, don’t do it. All of a sudden you start making your plans and this is what I’m going to do, that’s when you do it. I think we have to follow our gut instinct and not over-think things.
Mike: We like to thank Crestar Funding, MidAtlantic IRA and Renters Warehouse.
Please note, the views and opinions expressed by the individuals in this program do not necessary reflect those of FlipNerd.com or any of its partners, advertisers, or affiliates. Please consult professionals before making any investment or tax decisions, as real estate investing can be risky.