Yes, there was a time when I put in 100-hour workweeks, but ironically, I buy a lot more real estate NOW than I did back then.<\/p>\n
So what changed?<\/p>\n
I shifted my thinking<\/em>.<\/p>\n I stopped living reactively and started living proactively — and that\u2019s exactly what I hope this post will help you do as well.<\/p>\n I want to share four life-changing tips<\/strong> that can help you build your real estate empire while working on your real estate business less than five hours per week.<\/p>\n But before I get to the four,\u00a0let me invite you to something special that\u2019s related to this:<\/p>\n OK, let\u2019s get on with my top four tips for investing in real estate in under five hours per week!<\/p>\n What do you want real estate investing to do for you? What\u2019s your goal with this game?<\/p>\n Financial freedom?<\/p>\n Not good enough!<\/em><\/p>\n You see, a vague goal is going to leave you wandering in the wilderness, looking for the next opportunity that\u2019s going to get you there.<\/p>\n But for those who have just a few hours per week to work on their real estate investing, you don\u2019t have time to wander in the wilderness.<\/p>\n Related:<\/strong> 4 Side Income Streams to Sustain You As You Pursue Real Estate Full Time<\/a><\/em><\/p>\n Therefore, the first step in building a real estate empire while still working your full-time job is to specifically identify your goal\u00a0—\u00a0and it must be\u00a0laser-focused!<\/p>\n For example, instead of the vague goal of \u201cfinancial freedom\u201d you might say, \u201cI want to acquire 15 rental houses that each provide $200 per month in passive cash flow by April 2019.”<\/p>\n Now, with that laser-focus,<\/strong> you can avoid wandering the wilderness and focus on what really matters.<\/p>\n Imagine for a moment that you are driving through a dense fog to get to a party out in the woods. You\u2019ve never traveled on this road before, and you aren\u2019t sure exactly how to get there.<\/p>\n And you forgot a map. No problem! You\u2019ll just use the GPS on your iPhone. Nope\u00a0—\u00a0your phone is dead.<\/p>\n Uh oh.<\/p>\n This situation might sound silly, but it\u2019s exactly what many people who are trying to achieve a real estate goal go through on a\u00a0daily basis!<\/p>\n They might have a laser-focused goal (see step #1), but they lack the directions to get there through the fog.<\/p>\n So, the second step to investing in real estate when you have just five hours per week to dedicate to it is to have a clearly defined plan for how you will get there.\u00a0Turn by turn directions!<\/p>\n This will help keep you on track, avoid time-wasting actives that don\u2019t bring you closer to your goal, and ultimately get you there faster.<\/p>\n You might want to ask:<\/p>\n If that sounds confusing, go back and read it a couple times. We\u2019re simply working backwards through the real estate sales funnel.<\/p>\n For example, it\u2019s not enough to simply want\u00a015 rental houses by October 2019.<\/p>\n Instead, you might say:<\/p>\n \u201cI will buy five houses per year for the next three years, using 20% down payments that I\u2019ll save from my job. This means I need to close on one house every other month. To do this, I\u2019ll likely need to make offers on at least five properties every month, and I\u2019ll get roughly 10% of my offers accepted. In order to make five offers per month, I\u2019ll want to analyze three deals every day and make offers on the best 5% of those analyzed deals. Finally, to get those leads, I will set up automatic email alerts for all properties that match my criteria within a 30-mile radius and analyze any that look like a potential deal.<\/em>\u201d<\/p><\/blockquote>\n This is a plan that will keep you on track.<\/p>\n Next, let\u2019s get to the meat and potatoes of trying to invest when you have just a few hours per week!<\/p>\n You\u2019ve already made a goal, and you have your roadmap.<\/p>\n Now it\u2019s time to follow it.<\/strong><\/p>\n To do so, you\u2019ll need to schedule time each and every day<\/strong> to work on your system. It doesn\u2019t need to be huge chunks of time, but it needs to be regular.<\/p>\n For example, can you wake up 30 minutes earlier, five days per week, to work on your business? Can you dedicate ninety minutes every other day?<\/p>\n Then, put that time in your calendar and stick to it! This is the most important appointment you have all week — so keep it like you\u2019d keep an appointment with Bill Gates.<\/p>\n So often, people think that the key to success is superb intelligence, unnatural luck, excessive time to devote to the task, or knowing the right people. In reality, success is the reward given to those who take small steps, daily, toward their goal.<\/p>\n (Hey, that’s a good paragraph. I think I’ll Instagram that baby!)<\/p>\n So each and every day, dedicate a few minutes to work your plan.<\/p>\n Maybe that means analyzing three deals.<\/p>\n Maybe it means meeting with your real estate agent for coffee once a week.<\/p>\n Maybe it means writing up your offers on your lunch break at work.<\/p>\n Whatever your plan is, break it down into daily tasks and do what\u2019s necessary to complete those tasks.<\/p>\n If you don\u2019t have a lot of time to invest in real estate, don\u2019t worry! There are a number of people who are PAID to do the heavy-lifting for you.<\/p>\n You just need to find and manage them correctly.<\/p>\n For example:<\/p>\n The point is you must learn to utilize other people because you don\u2019t have time to do it all.<\/p>\n Related:<\/strong> 5 Life-Changing Tips for Growing a Business While Working a Full-Time Job<\/a><\/em><\/p>\n If you want to flip dozens of homes<\/a> per year, buy hundreds of rental units<\/a>, and be the “real estate king\u201d (or queen) of your town, you probably won’t if you have just five hours to spare each week.<\/p>\n However…<\/p>\n If you want to pick up a few more rental properties a year, fix and flip a house or two, or maybe just do enough real estate investing in order to quit your full-time job, you CAN with just a few hours a week.<\/p>\n It\u2019s not enough to work hard. In real estate, you have to work smart.<\/p>\n And you can work smart with just five hours per week.<\/p>\n![\"Single](\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/11\/Webinar-Jpeg-150x150.png\" "\\"\\"")
<\/a>***Hey you! If you work a full-time job, you NEED to attend this week\u2019s BiggerPockets Webinar! This week we\u2019ll be covering the topic of “How to Invest in Real Estate While Working a Full-Time Job<\/a>,\u201d where we\u2019ll be talking about numerous strategies, tips, and tactics you can use to invest\u00a0—\u00a0even if you currently work a day-job. Click here to sign up.<\/a>***<\/em><\/p>\n![\"self-manage-property\"](\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/03\/self-manage-property.jpg\" "\\"\\"")
<\/p>\n1. Set Your Goal\u00a0—\u00a0Carefully<\/h2>\n
2. Make a Roadmap<\/h2>\n
![\"podio-real-estate\"](\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/02\/podio-real-estate.jpg\" "\\"\\"")
<\/p>\n\n
3. Set Aside a Few Minutes a Day to Work Your\u00a0System<\/h2>\n
![\"Quote_for_BiggerPockets\"](\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/04\/Quote_for_BiggerPockets-300x300.jpg\" "\\"\\"")
<\/p>\n4. Outsource to the Right People<\/h2>\n
\n
![\"networking-tips\"](\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/02\/networking-tips.jpg\" "\\"\\"")
<\/p>\nConclusion<\/h2>\n