Can Non-Investors Succeed in Real Estate?
By Utopia Property Management
SAN DIEGO, CA. – Have you been thinking about investing in real estate, but don’t know if you shouldn’t get started or not because you’re not an “investor”? You’re not alone! Every year more people get into real estate investing than ever before and the good news is that most people are not investors when they first get started, they are complete “newbies” just like you.
In this article, we will provide you with our best tips for how you can get started with investing in real estate even if you’re a non-investor.
Tip #1 – Don’t Be Afraid to Not Be an Expert
The first tip for getting started in real estate investing that most San Diego property management company and owners across SoCal will agree on is that you have to not be afraid to not be an expert.
Thankfully, in this day and age, it’s entirely possible for every new investor to find answers to their questions online thanks to websites like YouTube so you’re never going to be without answers or someone to turn to when your questions arise.
Tip #2 – Start Small and Work Your Way Up
Even though you may want to start big by investing in a multifamily rental property in North County or Downtown San Diego, you should start small by investing in a single-family home just so you can gain some experience as an owner before investing in a much larger property.
Tip #3 – Find A Mentor Either Online or Offline
Another great thing to do before getting started with investing in rental properties is to find a mentor or someone you can turn to who has been there before and will offer you real guidance with questions about rental property investing.
Tip #4 – Hire A Property Management Company
Last of all, but most important, don’t continue down the road of managing your rental properties yourself for longer than you have to. Save the time, money and hassle of owning rental properties by hiring a professional property management company.