{"id":55973,"date":"2014-04-11T10:30:57","date_gmt":"2014-04-11T16:30:57","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=55973"},"modified":"2021-03-16T10:17:56","modified_gmt":"2021-03-16T16:17:56","slug":"2014-04-11-secrets-real-estate-investing-full-time-job","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2014-04-11-secrets-real-estate-investing-full-time-job","title":{"rendered":"Secrets to Real Estate Investing While Having a Full Time Job"},"content":{"rendered":"<p>I started investing in buy and hold rental properties while having a full time job, just like many other investors.\u00a0 If you&#8217;ve listened to the Bigger Pockets Podcasts, there are quite a number of successful investors who have done just that:<\/p>\n<ul>\n<li><a title=\"Arthur Garcia\" href=\"https:\/\/www.biggerpockets.com\/blog\/2013\/02\/21\/working-job-investing-real-estate-arthur-garcia\/\" target=\"_blank\" rel=\"noopener\">Arthur Garcia<\/a>, a buy and hold investor out of Southern California<\/li>\n<li><a title=\"James Vermillion\" href=\"https:\/\/www.biggerpockets.com\/blog\/2013\/06\/20\/bp-podcast-023-flipping-partnerships-military-james-vermillion\/\" target=\"_blank\" rel=\"noopener\">James Vermillion,<\/a> who does flips and rentals while working for the US Military<\/li>\n<li><a title=\"Sam Craven\" href=\"https:\/\/www.biggerpockets.com\/blog\/2013\/08\/29\/flipping-wholesaling-plan-sam-craven\/\" target=\"_blank\" rel=\"noopener\">Sam Craven<\/a>, who closed 27 deals in his first year while working full time<\/li>\n<li><a title=\"Michael Woodward\" href=\"https:\/\/www.biggerpockets.com\/blog\/2013\/11\/14\/bp-podcast-044-creating-systems-flip-houses-still-employeed-michael-woodward\/\" target=\"_blank\" rel=\"noopener\">Michael Woodward<\/a>, who works full time AND flips houses<\/li>\n<li><a title=\"Josh Sterling\" href=\"https:\/\/www.biggerpockets.com\/blog\/2014\/04\/03\/064-full-time-50-units-josh-sterling\/\" target=\"_blank\" rel=\"noopener\">Josh Sterling<\/a>, who amassed 50 units (and counting)<\/li>\n<\/ul>\n<p>So, what do all of these successful investors, plus the thousands of others around the country have in common?\u00a0 What are all the big secrets to real estate investing while holding down a full time job?<\/p>\n<p><em><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-82540 alignleft\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2011\/10\/logoman@1024w.png\" alt=\"logoman1024w\" width=\"88\" height=\"106\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2011\/10\/logoman@1024w.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2011\/10\/logoman@1024w-248x300.png 248w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2011\/10\/logoman@1024w-768x930.png 768w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2011\/10\/logoman@1024w-846x1024.png 846w\" sizes=\"auto, (max-width: 88px) 100vw, 88px\" \/>(Hey! Sorry for the interruption &#8211; but we didn&#8217;t want you to miss this week&#8217;s\u00a0<a href=\"https:\/\/www.biggerpockets.com\/webinarsignup?utm_source=facebook&amp;utm_campaign=webinar_invest_9to5&amp;utm_medium=social&amp;utm_term=webinar_11_14_intext&amp;utm_content=BlogPost\" target=\"_blank\"><strong>FREE webinar<\/strong> &#8220;<strong>How to Invest in Real Estate While Working a Full Time Job!<\/strong>&#8220;<\/a>\u00a0<\/em><em>Thousands have already saved their spot to learn how to invest while working a 9-5.\u00a0Click <a href=\"https:\/\/www.biggerpockets.com\/webinarsignup?utm_source=facebook&amp;utm_campaign=webinar_invest_9to5&amp;utm_medium=social&amp;utm_term=webinar_11_14_intext&amp;utm_content=BlogPost\" target=\"_blank\"><strong>HERE<\/strong>\u00a0to learn more<\/a>. Enjoy the rest of the article \ud83d\ude42 )<\/em><\/p>\n<h2>Where does someone find the time?<\/h2>\n<h3>1. Dedication<\/h3>\n<p>Someone who is dedicated to achieving their goal will not let anything get in their way.\u00a0 Just because you work a full time job doesn&#8217;t mean that there aren&#8217;t more hours in the day to call leads, <a title=\"How to write a business plan\" href=\"https:\/\/www.biggerpockets.com\/blog\/2014\/01\/23\/write-kick-business-plan\/\" target=\"_blank\" rel=\"noopener\">write a business plan<\/a>, attend networking events, ask questions on the <a title=\"Bigger Pockets forums\" href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener\">Bigger Pockets forums<\/a>, <a title=\"How do I find a mentor\" href=\"https:\/\/www.biggerpockets.com\/blogs\/3225\/blog_posts\/26426-how-do-i-find-a-mentor\" target=\"_blank\" rel=\"noopener\">find a mentor<\/a>, locate a portfolio lender, visit properties, etc.\u00a0 Dedicated investors may use some company-approved vacation time to do the above activities that require business hours to complete.\u00a0 Or they may use their lunch hour.\u00a0 Or get up early.<\/p>\n<p>You can see where I&#8217;m going.\u00a0 When I started investing, I knew what my goal was and I knew that it wasn&#8217;t going to be easy street.\u00a0 No one was going to hand me a completely finished real estate investing business on a silver platter wrapped up with a little bow.\u00a0 There were days where I had to work nights and weekends to make it happen.\u00a0 But looking back, all the dedication and time paid off.<\/p>\n<h3>2.\u00a0 Persistence<\/h3>\n<p>Real estate investors need to have persistence.\u00a0 If you&#8217;re dedicated to your goal, you want to be persistent to tough it out during the times that things don&#8217;t go your way.\u00a0 If you&#8217;re a buy and hold investor, that may mean that a property that goes on the market in the morning may have an accepted offer on it by 5 pm when you get out of work and are able to see it.\u00a0 Keep pushing through the obstacles and persist on to make it to your dream.\u00a0 Just remember, though, that when you are at your full-time job, you owe your employer 100% of your time and effort.<\/p>\n<h3>3.\u00a0 Systems and organization<\/h3>\n<p>If you are working a full time job, you are dedicating a large portion of your week to that.\u00a0 As such, that limits the amount of time you have to devote to your real estate investing.\u00a0 This means that you have to organize and systematize as much of the available time you do have to take full advantage of it.\u00a0 If you&#8217;re not organized, you&#8217;re going to spend unnecessary time locating things such as phone numbers, paperwork, task lists, etc.\u00a0 If you don&#8217;t spend time establishing systems, you&#8217;re going to be &#8220;re-inventing the wheel&#8221; each time you take on a new project.\u00a0\u00a0 The more time you spend on unnecessary activities limits your ability to do more projects.<\/p>\n<h2>And my #1 favorite secret of investing while having a full time job:<\/h2>\n<blockquote><p>If you pay people, they will do things for you.\u00a0 (<a title=\"Tweet This\" href=\"https:\/\/twitter.com\/home?status=&quot;If%20you%20pay%20people,%20they%20will%20do%20things%20for%20you.&quot;\" target=\"_blank\" rel=\"noopener\">Tweet This!<\/a>)<\/p><\/blockquote>\n<p>This statement is just mind blowing because <strong>it&#8217;s absolutely true<\/strong>.\u00a0 Would your time be better served on the weekends spending several hours staging a house, or would you rather hire someone to do that while you use the time to find a flip deal that will ultimately net you $30,000?\u00a0\u00a0\u00a0 Would you rather spend time doing some data analysis or hire a VA (<a title=\"Working with Virtual Assistants with Tracy Royce\" href=\"https:\/\/www.biggerpockets.com\/blog\/2013\/05\/23\/bp-podcast-019-tracy-royce\/\" target=\"_blank\" rel=\"noopener\">virtual assistant<\/a>) who can do the boring tedious work while you negotiate the purchase price of a buy and hold property down by $5,000?<\/p>\n<p>So there you go &#8230; several secrets to real estate investing while having a full time job &#8212; no guru course needed.<\/p>\n<p><em><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-82540 alignleft\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2011\/10\/logoman@1024w.png\" alt=\"logoman1024w\" width=\"93\" height=\"113\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2011\/10\/logoman@1024w.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2011\/10\/logoman@1024w-248x300.png 248w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2011\/10\/logoman@1024w-768x930.png 768w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2011\/10\/logoman@1024w-846x1024.png 846w\" sizes=\"auto, (max-width: 93px) 100vw, 93px\" \/>(Ready to learn more about investing while working a 9-5? Join this week&#8217;s\u00a0<a href=\"https:\/\/www.biggerpockets.com\/webinarsignup?utm_source=facebook&amp;utm_campaign=webinar_invest_9to5&amp;utm_medium=social&amp;utm_term=webinar_11_14_intext&amp;utm_content=BlogPost\" target=\"_blank\"><strong>FREE webinar<\/strong> &#8220;<strong>How to Invest in Real Estate While Working a Full Time Job!<\/strong><\/a>&#8221; \u00a0<a href=\"https:\/\/www.biggerpockets.com\/webinarsignup?utm_source=facebook&amp;utm_campaign=webinar_invest_9to5&amp;utm_medium=social&amp;utm_term=webinar_11_14_intext&amp;utm_content=BlogPost\" target=\"_blank\">Click HERE to join!<\/a><\/em><\/p>\n<p><em>&#8220;The distance between dreams and reality is called action.&#8221;)<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><em>What secrets would you like to share?<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I started investing in buy and hold rental properties while having a full time job, just like many other investors.\u00a0 If you&#8217;ve listened to the Bigger Pockets Podcasts, there are [&hellip;]<\/p>\n","protected":false},"author":1601,"featured_media":56186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20],"tags":[],"class_list":["post-55973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-development"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/55973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/1601"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=55973"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/55973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/56186"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=55973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=55973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=55973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}