Business Management

3 Simple (and Free) Ways to Improve Your Real Estate Investing in Just 8 Minutes a Day

Expertise: Landlording & Rental Properties, Personal Development, Real Estate News & Commentary, Real Estate Investing Basics, Business Management, Flipping Houses, Mortgages & Creative Financing, Real Estate Deal Analysis & Advice, Real Estate Wholesaling, Personal Finance, Real Estate Marketing, AskBP
530 Articles Written
improve_real_estate_business

How much time do you spend checking your Facebook each day?

What about email?

Watching TV? Movies?

Hitting the snooze button on your alarm clock?

I’m not judging — these are all important parts of living, and I don’t plan to change them at all. I do recognize that all those little distractions tend to add up and before I know it, my day is gone.

In 2015, I am committed to taking my real estate business further than I ever have before, and for me (and hopefully YOU), a large part of that can be done on BiggerPockets. This blog post is not just about BiggerPockets and growing our businesses. It’s about YOU. Nothing in this list requires a Pro membership, and it’s all 100% free to do — so you have no excuse for not rocketing your business forward every single day.

Related: The Ultimate Practice to Improve All Facets of Your Real Estate Business in 2015

By spending just 8 minutes per day on BiggerPockets, you’ll be able to learn more, connect more, and grow further and faster than you ever imagined possible.

Here are 3 different ways you can improve your business — each one takes less than 8 minutes.

3 Simple (and Free) Ways to Improve Your Real Estate Investing in Just 8 Minutes a Day

1. Get Your Questions Answered

Look, I’ve been investing in real estate for a long time. I’ve been through thousands of situations and problems and successes — yet almost every day I am presented with a new challenge in my business. That’s why I LOVE the BiggerPockets Forums.

You see, real estate books are amazing for learning new ideas, strategies, tips, etc. The BiggerPockets Podcast is great for hearing stories of people who have found incredible success. These, however, are “one directional learning methods.” You can hear, but you can’t respond. You can read, but you can’t write.

The BiggerPockets Forums are different. When you have an issue, you can ask others who have been in the situation for advice, no matter how experienced you are.

For example, a few months back I had a tenant who “allegedly” started a fire on her deck where she smoked every day. She claimed, though, that the fire was not her fault, and it must have been someone else who started it because it was a shared deck at a multifamily property. (Never mind the fact that she openly smoked out there daily and would put her cigarette butts out by tossing them into old cardboard boxes.)  So obviously she is guilty… but what should I do? Evict her over it? Send it to collections?

This is when the Forums come in really handy. I posted the question up and within minutes began to get some really great advice from members of the Forums, which helped me proceed.

(We evicted her!)

Do your business a favor and commit to spending a few minutes every day on the Forums engaging in the conversations that happen there.

Remember, you are the average of the five people you associate with the most, so let the inspiring members on the BiggerPockets Forum be on that list of five.

2. Make a New Connection

Real estate is a “people business,” and it’s tough to have a people business without other people.

Therefore, one of the easiest things you can do on a daily business is connect with someone who could change your business — and life — forever.

But who should you connect with?

I recommend scanning the Forums and looking for individuals who excel at what they do: People who answer questions about the things you care about. People who seem genuine. People who are real.

Then simply send a “colleague request” and introduce yourself to them! This takes just a few moments each day and by adding one new colleague a day, by the end of 2015 you might have 365 new colleagues to network with and potentially grow your business alongside.

3. Expand Your Mind Through the Blog(s)

Congrats! You are already doing this one… sorta.

Reading posts on the BiggerPockets Blog is an incredible way to learn new perspectives on old trends, old perspectives on new trends, and everything in between. With dozens of volunteer writers contributing amazing content each week, you are bound to learn new things every time you click to read a new post.

Related: One Easy Change of Perspective Could Vastly Improve Your Real Estate Business

I’d also encourage you to read some of the BiggerPockets Member Blogs that are posted each day at BiggerPockets.com/blog, and maybe even start your own. The Member Blog area is open to anyone who wants a platform to talk about their business, no matter their level of experience. You can get set up in just moments and begin telling your story, sharing a recent lesson you learned, writing down your goals in a public place so you’ll be more likely to fight for them or share whatever else is on your mind and heart.

Take 8 minutes today and check out the Member Blogs on BiggerPockets.

Conclusion

Each of the above tasks can be done in just 8 minutes or less per day. We both know that you spend more time on more things that matter far less!

By taking small actions daily, you will be able to move your business forward each and every day of next year and beyond.

Just remember this:

Small actions, taken daily, breed incredible success. (Tweet This!)

Want more articles like this?

Create an account today to get BiggerPocket's best blog articles delivered to your inbox

Sign up for free

Before I go, let me end this post the way I always do.

If you enjoyed this, please share this on your social media network of choice and do me a favor and leave me a comment below. Let me know the simple actions you will be taking, every day, in 2015 to drive your business forward.

Peace,

Brandon.

Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. He began buying rental properties and flipping houses at age 21, discovering he didn’t need to work 40 years at a corporate job to have “the good life.” Today, with nearly 100 rental units and dozens of rehabs under his belt, he continues to invest in real estate while also showing others the power, and impact, of financial freedom. His writings have been featured on Forbes.com, Entrepreneur.com, FoxNews.com, Money Magazine, and numerous other publications across the web and in print media. He is the author of The Book on Investing in Real Estate with No (and Low) Money Down, The Book on Rental Property Investing, and co-author of The Book on Managing Rental Properties, which he wrote alongside his wife, Heather, and How to Invest in Real Estate, which he wrote alongside Joshua Dorkin. A life-long adventurer, Brandon (along with Heather and daughter Rosie) splits his time between his home in Washington State and various destinations around the globe.

    Account Closed Investor from Kirkland, Washington
    Replied almost 5 years ago
    Excellent post, Brandon! I feel most fortunate to be part of this community and it gives me confidence going into this new venture. I’m fairly addicted to the forums, and my goal is to read a variety of topics there daily and find at least one unanswered question where I think I can be helpful. Here’s wishing everyone a blessed and bountiful 2015!
    Don Clark Real Estate Investor from St. Louis, Missouri
    Replied almost 5 years ago
    Thanks for this post. Networking is a very important part of business and life in general. The more people you know, the more possibilities you have. I spend time each day exploring Bigger Pockets. What a great free resource it is. The one thing I am going to add to your list is consistent marketing. I know it takes longer than 8 minutes, but it is so important to certain aspects of real estate that I thought it should be mentioned.
    Lurline Henriques from Charlotte, North Carolina
    Replied almost 5 years ago
    Thank you so very much Brandon for your encouraging and informative post. I will endeavor to follow your suggestions as I sought to improve my business. I wish you and everyone on Bigger Pockets a great and successful year in their ventures.
    Lync Jones Investor from Eagle Mountain, Utah
    Replied almost 5 years ago
    Your post lines up with my goal for 2015 to be more active on the forums and get to know more people. I was introduced to real estate investing in January 2014. I acquired my first rental by moving and turning my old house into a rental in August 2014. I have listened to 101 episodes of the podcast and have learned some great things. It is now time to quit the analysis paralysis and jump in and take some action. My goal for 2015 is to acquire two doors.
    Pyrrha Rivers Investor from Yokosuka, Japan
    Replied almost 5 years ago
    Brandon, Thank you for this excellent post and the very simple actionable steps you outlined. I have been spending my BP time reading blogs away from the forums for a while and it’s time to get back in the conversations. Thanks for the encouragement. Best wishes for 2015!
    Gordon Eisenberg from Waxhaw, North Carolina
    Replied almost 5 years ago
    Great article Brandon. I find that the meetings after the meetings are a great way to meet people. Its a great way to make personal 1 on 1 connections. That is where I found out about Big Pockets.
    Frankie Woods Investor from Albuquerque, NM
    Replied almost 5 years ago
    Excellent advice! I’d add a recent thought that I came across similar to the quote you noted: improving yourself daily/weekly by a small amount, let’s say 1%, will lead to incredible gains over time. This is starkly different from the “setting incredible (i.e., sometimes unattainable) goals” idea. By focusing on your daily systems, with small, measurable improvements, it makes it easy to get into a routine that will ultimately lead to fantastic results. I’d also point to Ben Franklin’s mantra of striving towards being a “man” thru living by the 13 virtues. Though you may not ever be perfect (we’re human remember, therefore, fallible), focusing on the little improvements, in time, is eye watering.
    Daniel Morgan Real Estate Investor from Springfield, Massachusetts
    Replied almost 5 years ago
    Thanx Brandon for the post.. Being a newbie its post like this that get me very motivated to start my year off on the right track. Sm steps are always better than no steps.. Thanx a bunch!!!!
    Joaquin Marte from Philadelphia, Pennsylvania
    Replied almost 5 years ago
    Happy New Years ..great post dude I’m really inspired by being on bigger pockets.This year I’m gonna be on daily and being more active. I just start yesterday listening to the podcast I’m on 14 now there some great stuff on there.im gonna start going to RE clubs and start networking. Have a great years gals and guys GOD BLESS
    Brad Boone Real Estate Agent from Otsego, Michigan
    Replied almost 5 years ago
    Happy New Year BT.
    Daniel McDonie Wholesaler from Cleveland, Ohio
    Replied almost 5 years ago
    Thank you for the advice Brandon,I deleted my facebook account to focus more on my realestate investing,I will definately be visiting bigger pockets more often for the forums and advice as well.Thanks again.
    Landon Rothstein Wholesaler from Humble, Texas
    Replied almost 5 years ago
    Brandon – Thanks, I really like the post. In fact, I’m going to do this for 9 minutes and 30 seconds each day. #4 for most investors I know: Make Offers! If you don’t know what you’re doing yet, offer to intern or help someone who does or split deals with them and in return, they’ll show you how to do deals.
    Michelle Martin
    Replied almost 5 years ago
    Brandon, Thank you so much for the post. You may not remember, but you introduced me to BiggerPockets well over a year and a half ago. I am SO grateful. Since then, I have purchased 1 rental property. A turnkey with the help of one of the BP members. I would like to purchase another 30 rental properties over the next 3-5 years. Quite honestly, I’ve allowed fear to hold me back from taking my real estate business to the next level. This year I am ready to take my business to the next level. Your article talks about asking questions and making connections. In order to take my business to the next level, it is critical I do these two things, among others. I’ve got questions already about using my SDIRA and private money that I plan on posting shortly. Again, thank you so much for the article and motivation.
    Nigel Swadel
    Replied almost 5 years ago
    Great read Brandon. I’ll be taking your advice and be much more pro-active in my learning this year.
    Account Closed Homeowner from Memphis, Tennessee
    Replied almost 5 years ago
    Thanks, this is exactly what i plan to do!
    Cathy McCormick from Dunnellon, FL
    Replied almost 5 years ago
    Great advice, Brandon! My New Year’s Resolution is to spend more time on Bigger Pockets and getting an investment property to bring in some much-needed passive income!
    Jonathan Perez Rental Property Investor from West Columbia, South Carolina
    Replied almost 5 years ago
    Good article Brandon. Thanks for the tips.
    Matt Apsley from Richmond, Virginia
    Replied almost 5 years ago
    Really great post (as always). For those who are new to REI (like myself), the learning curve is steep and it helps to get a small nudge/encouragement that is “doable”. Reminds me a bit of the “a 1000 mile journey starts w/ 1 step” (corny) quote.
    George A
    Replied almost 5 years ago
    Much thanks for the tip! wishing you and all the members here a healthy,fun and abundant 2015!
    Gene Kelly Sr
    Replied almost 5 years ago
    Great post Brandon, 2014 was a great year for me, always looking to grow bigger, by reading your blog makes you think of what more you can do to get where you want to be, I will also spend time on the Bigger Pocket to learn more, and to see that 2015 becomes better than 2014
    Charlie M
    Replied almost 5 years ago
    Thank you for another great post. I’m a veteran rental property investor of 14 years and always learn something new from biggerpockets.