Active participation as a real estate investor typically involves taking an active role in the day-to-day management of a real estate investment property or portfolio. This can include activities such as:
1. Property Acquisition: Searching for, evaluating, and acquiring investment properties.
2. Property Management: Overseeing the management of the property, including tenant relations, property maintenance, and financial management.
3. Renovation and Improvement: Directly managing and overseeing the renovation and improvement of the property to increase its value and profitability.
4. Risk Management: Identifying and managing potential risks associated with the property or the investment portfolio.
5. Marketing and Leasing: Developing marketing strategies to attract tenants and leasing space to prospective tenants.
Active participation in real estate investing can be time-consuming and requires a significant amount of expertise and knowledge. However, it can also provide investors with more control over their investments, potentially higher returns, and the ability to build a valuable real estate portfolio over time.