AskBP

#AskBP 028: Is Real Estate Investing a Business or a Hobby?

Expertise: Landlording & Rental Properties, Personal Development, Real Estate News & Commentary, Real Estate Investing Basics, Business Management, Flipping Houses, Mortgages & Creative Financing, Real Estate Deal Analysis & Advice, Real Estate Wholesaling, Personal Finance, Real Estate Marketing, AskBP
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Is Real Estate Investing a Business or a Hobby?

Real estate investing is a great way to build wealth, but understanding the difference between running your real estate as a business vs a hobby can mean the difference between success and failure. Learn more in this episode of the #AskBP Podcast!

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Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. He began buying rental properties and flipping houses at age 21, discovering he didn’t need to work 40 years at a corporate job to have “the good life.” Today, with nearly 100 rental units and dozens of rehabs under his belt, he continues to invest in real estate while also showing others the power, and impact, of financial freedom. His writings have been featured on Forbes.com, Entrepreneur.com, FoxNews.com, Money Magazine, and numerous other publications across the web and in print media. He is the author of The Book on Investing in Real Estate with No (and Low) Money Down, The Book on Rental Property Investing, and co-author of The Book on Managing Rental Properties, which he wrote alongside his wife, Heather, and How to Invest in Real Estate, which he wrote alongside Joshua Dorkin. A life-long adventurer, Brandon (along with Heather and daughter Rosie) splits his time between his home in Washington State and various destinations around the globe.

    Frank Romine from Visalia-Fresno, California
    Replied over 4 years ago
    Good topic. I was embarrassed to say I was “investor” until I had around 10 doors. Until I was an investor this was a hobby for me. Frank
    Rhondalette W. from Dallas, Texas
    Replied over 4 years ago
    ? Brandon answered my question. Thank you!! I love your response. I am going to get that separate phone line, Google voice ASAP and start creating systems.