While at Texas A&M University, my Income Property Development class had an assigned reading, “Confessions of a Real Estate Entrepreneur.” This book opened my eyes to so many ways of generating income as a real estate entrepreneur. As a result I have earned income in the following ways: real estate commission, profits from flipping a property, property management, consulting fees, project management, contractor work, credit counseling, and loan origination.
During my time as Project Manager for residential home renovations, I have laid tile, replaced toilets, hung drywall, painted, and basically done whatever it takes to get the job done and keep my investors happy.
Many deals I have closed have been pocket deals where I play a role of intermediary. I prefer these type of transactions in brokerage, because they make for smooth transactions.
Managing a portfolio of residential properties is a level of entrepreneurism that is unrivaled. You have to expect the unexpected and constantly be provide answers in even the most vicarious situations