Does Having a Second Income Stream Make you Lose Sleep?
Updated: Aug 26, 2020
You would be surprised how many times I’ve been asked this question.
Oftentimes,
Real estate investment was my full-time gig from the moment I took on this career path. I threw everything that I could into building my investment portfolio and making this a profitable full-time job. Since then, I have diversified my income and currently have 6 streams of income including coaching, investing, etc.
However, for many South Africans, this isn’t an option. Many of my coaching students have full-time jobs and want to begin investing in real estate part time. Others want to use this as a side hustle to help build generational wealth. Still more begin investing in real estate on the side with the goal to grow it to be a profitable income stream.
I have also seen many real estate investor experts begin their journeys by doing the latter. There are many pros to adding real estate investment as a second income stream:
The ability to generate sustainable generational wealth.
Last year, residential constructions increased by 9.6% with a whopping 43% increase in the building of flats and townhouses. These types of properties make fantastic rental properties that can generate sustainable income.
Mortgage rates are the best they’ve been in years and banks are also approving more 100% home loanshttps://www.businessinsider.co.za/100-home-loans-mortgages-2020-7. This means that you can generate income from a property that you barely put any money down on.
It’s not hard to see why investing in real estate is a profitable income stream. But how do you make this amazing career your second income stream without losing sleep? It’s simple, really.
Work smart, not hard.
Real estate investment can be both fun and rewarding right off the bat- if you are strategic. First, find yourself a real estate investment coach who can help you develop a strategy, teach you how to close deals, and show you how to invest intelligently. Learn how to invest in real estate with NO MONEY DOWN so you can earn income immediately without going into debt (Click here for my free ebook on this topic!)
Last but certainly not least, learn all you can about the industry. When I first started investing in real estate, I found it helpful to read blogs and listen to experts that had more experience in the industry.
When you become passionate and skilled at real estate investment, it’s like a fire is lit within you. Whether you dedicate 10 hours or 40 hours a week to this second income stream, your energy levels will increase. The more deals you close, the more lessons you learn and the more