Blog | Investing | Skip Tracing
Do You Need To Go To College To Be A Real Estate Investor?

by | Jan 28, 2021

You’ve heard how a guy made $1 million in a year from real estate investing and you’re wondering whether you need to go to college to be a real estate investor or whether you need to be extra smart to make the cool greens off real estate investing. Becoming a skip tracing investor is a question that’s been making the rounds more than ever. While going to college has its benefits in terms of networking, opportunities, and your perception of the world (and we totally encourage you to), not everyone has the means and access. If you’re wondering how to kick start your career as a real estate investor and you’re feeling sidelined by your lack of college education, we are here to tell you that you are very much qualified. In fact, it can be argued that not going to college gives you an edge due to the fact that college tunnels your vision to just earning a degree and might close your vision to identifying other opportunities. But how do you become a real estate investor without your college degree?

Getting Started as a Real Estate Investor

While a college degree is not essential to become a real estate investor, educating yourself is a good starting point.

  • Educate Yourself: Before putting your money into buying a rental property, you should learn the basics, the ins, and outs of the real estate business. You have to understand the responsibilities that come with owning a property, the legal aspects, and the bills. You also need to understand the market. There are tons of books and videos on the internet to help you.
  • Define your strategy: After gathering as much knowledge on real estate investing, you should define your approach and strategy towards real estate investing. You can decide to focus on short term rentals that will generate residual income e.g. getting properties that can be used for Airbnb’s or the more long term rental property that bring monthly or annual returns. 
  • Location: Location is an important part of real estate investing effort. You have to identify locations that will bring high returns and have high flipping potential without spending too much on fixing the property. A way to hack this is to employ the use of skip tracing tools like Need To Skip that provides you with reliable information on properties within a certain location.
  • Plan: Planning is crucial to the success of any venture especially when it comes to investing. define how much you want to invest and how much profit you’re looking to make within a specific period of time. It is important to factor in the resources you’d need to achieve the benchmark you’ve set.

There is no definitive route to success as a real estate skip tracing investor, you should bear in mind first that its business with an aim to make as much profit. You should set your rent with that goal in mind and manage the property to meet the expectations of your customers (tenants).

Related Articles

Skip tracing tips for locating a hard-to-find person

Skip tracing tips for locating a hard-to-find person

Locating a hard-to-find person might be one piece that completes your investment puzzle. You might need to find a homeowner who seems difficult to find and efforts to find him have proved abortive. You get to do this a lot and finding that person might be what helps...

How Investors Can Make A Successful House Flip

How Investors Can Make A Successful House Flip

A Successful house flip is the joy of every real estate investor. It’s like watching an idea you’ve nursed grow, become refined and polished and it finally pays off. Apart from the sense of fulfillment that comes with flipping a house you’ve prospected, fixed, and...

How to leverage skip tracing for real estate leads

How to leverage skip tracing for real estate leads

Leveraging skip tracing for real estate leads is one hack you have to learn how to explore as a real estate investor. You should invest in skip tracing of some sorts if you want to differentiate yourself in terms of results and the profit you make. Skip tracing helps...