Comments on: 5 Must Haves Before you Quit Your Day Job for Full-Time Real Estate Investing

By: gregory

gregory — Thu, 08 Oct 2009 14:48:19 +0000

My Question is What do you do for Health Insuance. One Emergency room visit will really drain or eliminate your reserves…

By: MARIA KANTO.R

MARIA KANTO.R — Thu, 01 Oct 2009 18:50:47 +0000

BEING A LANDLORD IS LIKE BEING IN THE OCEAN IN A SMALL BOAT. SOMETIMES THE WEATHER IS CALM, BUT SOMETIMES HURRICANES COME VERY OFTEN. MY TIP IS: WHILE THE WEATHER IS CALM, TAKE IT EASY BECAUSE THERE WILL BE HURRICANES ALL THE TIME WITHIN A YEAR, ESPECIALLY NOW THAT THE ECONOMY IS IN BAD SHAPE; AND TENANT’S INTENTION IS PAY ALL THEIR BILLS BUT THE RENT.
GRACIAS, MARIA

By: Brian Lee

Brian Lee — Thu, 01 Oct 2009 04:13:35 +0000

It’s so common for entrepreneurs to quit their jobs before their businesses are making money… or worse yet: quit before they even start the business.

I once knew a guy who got a great office for his new business with a great fax machine, copier, computer, sign for his door, and all the amenities…. but he never got a client.

He was back in a job within 6 months.
.-= Brian Lee´s last blog ..Real Estate Investing Links for September 30, 2009 =-.

By: Shae

Shae — Wed, 30 Sep 2009 00:24:31 +0000

Makes a lot of sense – thanks for sharing, Ryan!
.-= Shae´s last blog ..94 Days of Focus to Finish 2009 Strong! =-.

By: Ryan Moeller

Ryan Moeller — Tue, 29 Sep 2009 18:26:45 +0000

Thanks for the comments guys. I get really busy at times and sometimes have some time or make some time for myself. I delegate a lot and build systems and try to avoid wasting time and spinning my wheels. I used to try and do every kind of deal and strategy and wasted time by spreading myself too thin. Now I have it all dialed in with the sytem, team and delegation in place and I can focus on looking for more deals and making higher level decisions. In my free time I am extremely active and volunteer. Volunteering is something I look forward to doing much more. I definitely enjoy real estate and often find myself reading and looking at how to improve my business in my free time. .-= Ryan Moeller´s last blog ..3514 W 58th, Cleveland, OH 44113 =-.

By: Shae

Shae — Tue, 29 Sep 2009 18:22:22 +0000

Yep Josh, I hear you. When I’m doing what I love in business, it just doesn’t feel like work…but the thing is…my family (i.e. my children and probably my hubby) DO consider it work so that’s where the challenge of “balance” comes in. I’d like to think that as a full time entrepreneur (one with multiple streams of income, not a self-employed job replacement) achieving that balance becomes easier. I don’t know for sure yet…I’m still holding down a 9-to-5 while building a business.
.-= Shae´s last blog ..94 Days of Focus to Finish 2009 Strong! =-.

By: Joshua Dorkin

Joshua Dorkin — Tue, 29 Sep 2009 17:28:21 +0000

Shae –
I work 7 days a week, and love it! There’s no such thing as a 4 hour work week if you’re out there hustling.

By: Shae

Shae — Tue, 29 Sep 2009 17:20:20 +0000

Ryan, great article. Question for you (related to #5)….do you actually find yourself with 2 days available to you to do nothing with your business? It’s funny because often when I talk to full time real estate investors and other entrepreneurs, they work as many (or more) hours than they did when they worked a 9-to-5. The difference is #1 in most cases they don’t HAVE to and #2 they are doing what they love so that don’t count it as work.

Just curious as to your personal experience. Thanks again for the tips!
.-= Shae´s last blog ..94 Days of Focus to Finish 2009 Strong! =-.

By: Iman Yusef-Yahya

Iman Yusef-Yahya — Tue, 29 Sep 2009 16:22:49 +0000

I especially like number 5 – being in business for yourself gives you the time freedom that you don’t typically have in working a 9-5. What good is it if you don’t know what to do with it once you have it? It’s called a waste of valuable time.
.-= Iman Yusef-Yahya´s last blog ..5 Can’t-Miss Contract Clauses to Have When Buying Property (Part 1) =-.