Working Full-Time And Investing In Real Estate During The Pandemic


Working Full-Time And Investing In Real Estate During The Pandemic

Having a full-time job that requires more than just the 9-to-5 pm timeframe is ultimately what everyone was doing in the 2020 era of the pandemic. Trevor Morris, a 9-to-5er who owns Jaguar Acres Properties, (also my husband! :)) decided to take a chance and fulfill a goal during a difficult time in the real estate market.

I love my full-time job, but I had a goal to get into the real estate market. I so wish I could have made this goal before the pandemic, but that didn’t stop me from pursuing and looking at all the options.

Home prices increased drastically this past year (2020-2021). So, if you didn’t start Real Estate investing before the increases, does that mean you should wait it out?  

I decided to continue pursuing our first investment property even during the pandemic.

When I started this journey into Real Estate, I knew I needed to be prepared financially. Many will say you can get into Real Estate investing with little to no money, and I do believe that is a possibility. However, I found that path to be time-consuming and a bit complex.

Wholesaling just wasn’t for me (at least for now). I initially pursued using hard money. I found trusted hard money lenders and had a plan to enter my Real Estate investment journey by using the BRRR method (Buy, Renovate, Refinance, Rent). My ultimate goal was to have a long-term rental that would appreciate in value. After months of looking at distressed homes to renovate, I found that options were very few and the homes we did find were overpriced and would not work financially.  

I then had to pivot to use my resources to finance my Real Estate investment. I looked at homes that needed light renovations and homes that were move-in ready.

I looked at home after home only to get outbid time after time. I was in true bidding wars against investors and non-investors.

One of the homes I really loved literally had 60+ offers which blew my mind. My mindset of buying low just wasn’t working. I had to increase my budget. I finally found a home that was turnkey. I’d love to say that this home was new on the market and I just beat everyone else with some cool strategy, but that wasn’t the case. And most of the time, people in real estate are doing the same thing.

This home was on the market for 100+ days. I do feel lucky because the seller would only sell to an investor because a tenant was already in place. This home was not a grand slam by far, but it was definitely a home run for me moving into the real estate market. Although the home was older, it was recently renovated with a qualified tenant in place, which made me finally make my dream come true.

Have you thought about getting into the real estate business? Tell us in the comments. If you’d like to know more about Trevor’s company, Jaguar Acres Properties, please visit here:

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