BiggerPockets

There was a recent thread where a couple of people talked about their days. (sorry I can't find it now) It was quite a contrast; one did all the work himself and was constantly running around. The other delagated much of his work and had a much easier and simpler day.

There's 2 different ends of the spectrum. No in-between. If I'm under the gun rehabbing a property, I spend pretty much dawn till dusk on site (and sometimes late into the early morning) as I've found that people who see a for rent sign in the yard and work being done to the property are my hottest tenant prospects. I will easily put in 15-20 hour days here getting properties tenant ready asap and will drop and sleep just about anywhere in my house or the property I'm working in then get up the next day and keep going.

On the other end of the spectrum, when rehab projects are not under the gun, my typical day is I wake up promptly at the crack of noon. I fish out a half empty bottle of limeade and look at the property leads my re agent has sent to me. If they interest me, I might call him on 2 or 3 of them to get instructions how to get in. I'll spend about an hour or two at the max inspecting these properties and having lunch with my agent. I'll tell him what offers to make and he already has copies of my paperwork so he pretty much handles all that. After that, I destroy the known world in Command and Conquer and kill zombies in Resident Evil for a couple hours. Then I call Matt Gil to discuss how hot Sarah Palin is. Afterwards, I'll put in one of the Predator movies, get excited, then go online to look up trophy hunts. Then I pretty much hang out on Bigger Pockets until ridiculous hours of the morning.

I don't know - it's weird. It's kinda like college now....only with money this time.

By spring I should have the first phase done to where I have many less major rehab days and many more screw around days. Honestly I'd like to get to the point of travelling 3 weeks and being in the office 1 week by spring and I think I can hit that.

Tim

I'm studying part time, and the rest of the time I work on marketing and research. I'm a lot smaller scale than a lot of the people on here, and I rely on other work to supplement my income. I have a technology background and do a lot of consulting work.

Sometimes I feel like I'm over-extended. I'd love to ditch some of the low paying, but reliable clients, and have enough from real estate alone.

That's an easy question. Spend half your day on BiggerPockets and the other half of your day out putting to practice and doing what you learned in the first 4 hours of the day on BiggerPockets :mrgreen:

Since I am not an investor myself (however..I will leave this blank), and Matt did not answer the question, I feel the need to answer this for him. He can add to, if he would like...

Wakes up at a decent hour, oh! 8:30ish (getting out and about, now thats another story). Calls his super-fanstastic-Realtor Dusty (me), and nags at her how she has only gotten him 7 properties under contract that week, and gives her a work load of other brainstorms he wishes to accomplish by the end of the day (bah!)

Then proceeds to the computer (if he wasn't there already whilst nagging) and reads business and investment (oh and motorcycle) articles till he is bored. Makes another call to his ultra-marvelous-Realtor, asks her a few questions about things she has updated him on umpteen times, and says "oh, sorry for the last 60 seconds or so, I wasn't listening" so he makes her repeat herself, for his own sick entertainment.

"pretends" to be taking care of some unfinished business... (my guess, thinking up more jobs to add to Dusty's WGREI workload) for a few more hours.

Calls his wonderful-gorgeous-Realtor Dusty again because "we" eh-hum "he" forgot to tell his BP something, and wants her to email it to him, because he doesn't want to listen her tell him the details.

Calls Tim to see what level he is on in Resident Evil.

Maybe take in a movie after a long stressful day.

Waits for Dusty to call him, for her chance to nag about her stressful day, as he still ingores her, while reading up on motorcycles.

I think that sums it up... where was the real estate part you ask? Just as his super-fantasic-ultra-marvelous-wonderful-gorgeous-Realtor Dusty (me)

Love you too Dusty! ;-)

Got to thinking about this. None of my days have had those "calls in the night". And I think a big part of it may be the plumbing setup. All of my houses are single story or have plumbing on the first floor only and they all have unfinished basements. The "calls in the night" I always got in the insurance business were leak related and invariably they were emergencies because water was going into living space. With this type of construction, there's no living space for the leak to go - it goes to the unfinished basement and down the drain. At worst, it hits the tenants Bob Marley LP collection that cost him more than the house he rents from me. I have gotten calls for leak problems, but always the day after. I think I stumbled onto the benefits of this construction style in management but am incorporating it into my future acquisitions.

Tim

What do you want to get your degree in in grad school? Will it apply to REI?

-Michael