
• This means you can read an income statement and are somewhat comfortable with Excel.
• You don’t have to write real estate contracts but you must be comfortable reviewing legal and mortgage documents.
• You are also willing and able to respond to requests within 24 hours including: review of valuation analyses, purchase offers and mortgage documentation or processing of wire transfers. If you’re so busy that it takes more than a business day to get to something, you should invest passively in real estate. Real estate searches often take months but once you’re in a transaction, hours become important.