Anybody here working full time (for corporate or standard 9-5 job)+ trying to invest+being a single parent (translation: doing homework with my kid), anybody like me?
How do you guys manage time? I feel overwhelmed...My house is a mess...I dont work out as much as I would want to... I want to read more, but it has not happened...On my days off time just flies like crazy and I dont complete everything I planned ...
I go to bed at 2 am and get up at 7 and I am so tired!
Anybody in the same boat?
focus on the task at hand... break your goal(s) down to manageable chunks.
But be serious:
Get pre-approved by a lender... this sets your budget
Pick a market, this MUST match your budget.
Master your market.... this will take the longest. Pretend you're moving... this will help you.
Then you need to understand how deals work and how the numbers work. The easiest way to do that is just keep doing them over and over and over... even if property doesn't work understand why.
Deals will always be out there, you just have to buy right. Once you understand the market you're looking in and understand the numbers it's easy to make offers.
Hello and welcome to this site Mary! I cannot identify with your exact problems but I understand your situation. I'm 61 years old and I probably would not be writing you if I wasn't bedridden and not walking. That being said still endures me to suggest a way for you to go. One of the best ways for you to go is to buy about 30 units of apartments where you can budget for a Property Management Company and only have to manage a Property Management Company that takes care of the daily operations.
It does sound like you are busy right now just keeping with the things you have already going. Helping to help raise our daughter was full time and my schedule was flexible for me to do that and when I had my medical problems she was in high school and still time consuming and now she only has one semester left to graduate from the University of Arkansas.
Do not let any myths you might of heard that you do not need any prior experience or money to get started with apartments. I have spent many hours on BP and others to learn about real estate investing. I do have about 30 years of experience with construction management as well as holding a broker license of real estate for about 30 years also.
I have spent many years learning all I could including reading a book about every two weeks. I can say not to believe hardly anything you are told on the Internet. Just do something you like and stick with it. You did not mention any financial problems but you can put together a Partnership to help you raise the money to get started.
You need to block out your daily time to help you concentrate on specific things. All things any good takes time but you can do it. Stop doing things that do not make you money and never quit. Sacrifice will pay off. Your situation is fairly common nowadays and you can deal with it. I live just outside of Dallas, Texas and I'm willing to help you with your situation in mind. Best of luck to you!
@Mary Jay - I don't have kids, but I do believe I have a lot going on. Working a 9 to 5 (often more) here at BiggerPockets on top of managing AirBnbs, a rental property, car rental, all while keeping my relationships.
I was feeling overwhelmed for awhile, but the best thing that I started doing was the Miracle Morning. This is a book by Hal Elrod and it's incredible. The meditation, visualization, and scribing part are an integral part of my day and really allow me to relax, collect my thoughts, and rejuvenate.
You need some time to invest in yourself!
Most people who know me describe me as a robot and I don't know how I do what I do sometimes. I work 9 hours a day, spend another 3 hours of my day commuting (work at an IB in NYC). I own property and also run and am growing a property mgmt company that manages 25+ doors without advertising yet. I am married and have a kid and still go to the gym 2-3 days a week. You need to prioritize what is important, create a plan/schedule and stick to it. After a while you get worn down (I actually got sick for 2 months with a version of Mono) so you need to be smart but time management is a skill most people lack. Listening to your body and knowing when to stop is a skill I am now learning.
@Mary Jay I feel your pain!
I have a 9-5 job and 1 child at home plus a spouse and I know how hard it is. I can't imagine how much harder it is as a single parent. Those precious moments in the morning before my son wakes up are gold and I admit, sometimes I'm not as excited to see him as he is to see me when I've had a flow going.
The best piece of advice I've gotten is to:
Good luck! You can do this!
focus on the task at hand... break your goal(s) down to manageable chunks.
But be serious:
Get pre-approved by a lender... this sets your budget
Pick a market, this MUST match your budget.
Master your market.... this will take the longest. Pretend you're moving... this will help you.
Then you need to understand how deals work and how the numbers work. The easiest way to do that is just keep doing them over and over and over... even if property doesn't work understand why.
Deals will always be out there, you just have to buy right. Once you understand the market you're looking in and understand the numbers it's easy to make offers.
Most people who know me describe me as a robot and I don't know how I do what I do sometimes. I work 9 hours a day, spend another 3 hours of my day commuting (work at an IB in NYC). I own property and also run and am growing a property mgmt company that manages 25+ doors without advertising yet. I am married and have a kid and still go to the gym 2-3 days a week. You need to prioritize what is important, create a plan/schedule and stick to it. After a while you get worn down (I actually got sick for 2 months with a version of Mono) so you need to be smart but time management is a skill most people lack. Listening to your body and knowing when to stop is a skill I am now learning.
how much do u sleep?
Hello and welcome to this site Mary! I cannot identify with your exact problems but I understand your situation. I'm 61 years old and I probably would not be writing you if I wasn't bedridden and not walking. That being said still endures me to suggest a way for you to go. One of the best ways for you to go is to buy about 30 units of apartments where you can budget for a Property Management Company and only have to manage a Property Management Company that takes care of the daily operations.
It does sound like you are busy right now just keeping with the things you have already going. Helping to help raise our daughter was full time and my schedule was flexible for me to do that and when I had my medical problems she was in high school and still time consuming and now she only has one semester left to graduate from the University of Arkansas.
Do not let any myths you might of heard that you do not need any prior experience or money to get started with apartments. I have spent many hours on BP and others to learn about real estate investing. I do have about 30 years of experience with construction management as well as holding a broker license of real estate for about 30 years also.
I have spent many years learning all I could including reading a book about every two weeks. I can say not to believe hardly anything you are told on the Internet. Just do something you like and stick with it. You did not mention any financial problems but you can put together a Partnership to help you raise the money to get started.
You need to block out your daily time to help you concentrate on specific things. All things any good takes time but you can do it. Stop doing things that do not make you money and never quit. Sacrifice will pay off. Your situation is fairly common nowadays and you can deal with it. I live just outside of Dallas, Texas and I'm willing to help you with your situation in mind. Best of luck to you!
Thank you! Its not easy to buy 30 unit apartment...Dont have such a huge down payment
@Mary Jay - I don't have kids, but I do believe I have a lot going on. Working a 9 to 5 (often more) here at BiggerPockets on top of managing AirBnbs, a rental property, car rental, all while keeping my relationships.
I was feeling overwhelmed for awhile, but the best thing that I started doing was the Miracle Morning. This is a book by Hal Elrod and it's incredible. The meditation, visualization, and scribing part are an integral part of my day and really allow me to relax, collect my thoughts, and rejuvenate.
You need some time to invest in yourself!
I really wanted to do miracle morning, but literally cant make myself get out of bed...Feel like I have to stay up late in order to finish everything, so I go to bed at 2 am, wake up at 730... I just cant physically get up earlier than that...
Hello and welcome to this site Mary! I cannot identify with your exact problems but I understand your situation. I'm 61 years old and I probably would not be writing you if I wasn't bedridden and not walking. That being said still endures me to suggest a way for you to go. One of the best ways for you to go is to buy about 30 units of apartments where you can budget for a Property Management Company and only have to manage a Property Management Company that takes care of the daily operations.
It does sound like you are busy right now just keeping with the things you have already going. Helping to help raise our daughter was full time and my schedule was flexible for me to do that and when I had my medical problems she was in high school and still time consuming and now she only has one semester left to graduate from the University of Arkansas.
Do not let any myths you might of heard that you do not need any prior experience or money to get started with apartments. I have spent many hours on BP and others to learn about real estate investing. I do have about 30 years of experience with construction management as well as holding a broker license of real estate for about 30 years also.
I have spent many years learning all I could including reading a book about every two weeks. I can say not to believe hardly anything you are told on the Internet. Just do something you like and stick with it. You did not mention any financial problems but you can put together a Partnership to help you raise the money to get started.
You need to block out your daily time to help you concentrate on specific things. All things any good takes time but you can do it. Stop doing things that do not make you money and never quit. Sacrifice will pay off. Your situation is fairly common nowadays and you can deal with it. I live just outside of Dallas, Texas and I'm willing to help you with your situation in mind. Best of luck to you!
Hi Michael, your comment: "I'm 61 years old and I probably would not be writing you if I wasn't bedridden and not walking." Consider that most fatigue and medical conditions originate in diet (lack of minerals and such) Dr. Joel Wallach is quite entertaining and informative and has 30 years of proof. I do not get paid for mentioning this.
Hello and welcome to this site Mary! I cannot identify with your exact problems but I understand your situation. I'm 61 years old and I probably would not be writing you if I wasn't bedridden and not walking. That being said still endures me to suggest a way for you to go. One of the best ways for you to go is to buy about 30 units of apartments where you can budget for a Property Management Company and only have to manage a Property Management Company that takes care of the daily operations.
It does sound like you are busy right now just keeping with the things you have already going. Helping to help raise our daughter was full time and my schedule was flexible for me to do that and when I had my medical problems she was in high school and still time consuming and now she only has one semester left to graduate from the University of Arkansas.
Do not let any myths you might of heard that you do not need any prior experience or money to get started with apartments. I have spent many hours on BP and others to learn about real estate investing. I do have about 30 years of experience with construction management as well as holding a broker license of real estate for about 30 years also.
I have spent many years learning all I could including reading a book about every two weeks. I can say not to believe hardly anything you are told on the Internet. Just do something you like and stick with it. You did not mention any financial problems but you can put together a Partnership to help you raise the money to get started.
You need to block out your daily time to help you concentrate on specific things. All things any good takes time but you can do it. Stop doing things that do not make you money and never quit. Sacrifice will pay off. Your situation is fairly common nowadays and you can deal with it. I live just outside of Dallas, Texas and I'm willing to help you with your situation in mind. Best of luck to you!
Its pretty cool that you support and encourage others! More joy in giving than receiving
Thank you, Ryan. What does it mean: "focus on the 20% that will bring 80% of the results"?
Does it mean to outsource more, like outsource creating LLC, buy groceries on Amazon vs going to the store, etc...And focus on making offers, 9-5 job and child?
@Mary Jay - I don't have kids, but I do believe I have a lot going on. Working a 9 to 5 (often more) here at BiggerPockets on top of managing AirBnbs, a rental property, car rental, all while keeping my relationships.
I was feeling overwhelmed for awhile, but the best thing that I started doing was the Miracle Morning. This is a book by Hal Elrod and it's incredible. The meditation, visualization, and scribing part are an integral part of my day and really allow me to relax, collect my thoughts, and rejuvenate.
You need some time to invest in yourself!
What time do you get up? and go to bed?
@Mary Jay The only way that I think I could do what I’ve done over the past 3 years is by having a partner. Since I work 3-4 days a week 10-12 hour days (and the other days I’m traveling back to California to be with my family) I am not able to watch over my properties myself. I have to coordinate most of my real estate over the phone by talking with my partner, my contractors, my assistants, and hard money and private money lenders. The only way I could survive at the level I do is by leveraging my time and by having systems.
@Mary Jay I empathize with you as I have a demanding career, wife and an infant at home on top of juggling my investing / business ventures.
It's a hard slog. But as @Shiloh Lundahl mentioned, the right partnerships are key. My partners leverage my time/skills and vice-versa.
I know that you would like to do everything in one day but there just aren't enough hours. I would suggest picking 1-2 key non-family-but-important-tasks per day and religiously finishing them. In our quest to try to do everything we end up doing less and less. Focusing on a few items provides clarity and brings a sense of purposes.
P.S. Short doses of meditation have helped me in managing anxiety.
Thanks Mike! When I got out the hospital with Platinum in my head I only weighed 140 and now it is about 190. Being 6'1 help a little but I have never been this heavy. I still eat through a tube but my wife has been giving me fortified liquid food by Ensure with two scoops of protein with that day's last meal. My normal weight was about 180. Thanks for your message!
Most people who know me describe me as a robot and I don't know how I do what I do sometimes. I work 9 hours a day, spend another 3 hours of my day commuting (work at an IB in NYC). I own property and also run and am growing a property mgmt company that manages 25+ doors without advertising yet. I am married and have a kid and still go to the gym 2-3 days a week. You need to prioritize what is important, create a plan/schedule and stick to it. After a while you get worn down (I actually got sick for 2 months with a version of Mono) so you need to be smart but time management is a skill most people lack. Listening to your body and knowing when to stop is a skill I am now learning.
how much do u sleep?
8 hours
@Mary Jay - I wake up at 4:30 and try to get to bed by 9:30-10.
I'm pretty aggressive with it, but if you could just wake up an hour earlier, I think you'd notice a huge difference.
@Mary Jay yes those are great suggestions to focus on the 80%. The 80% to focus on is the stuff that will make the greatest difference in your investing career (finding deals and making offers as you suggested). Think about the one thing that if you did it would make the greatest difference in your life and focus on that one thing.
Feel free to PM me if you have any other questions.
@Mary Jay, I'm not a single parent, but my wife and I do work opposing shifts. We give each other a high-five when I get home in the afternoon and she's off to work. Timing is certainly going to be a challenge we'll have to work through. Partnerships seem to be a great option, but again, finding time to build those relationships may pose yet another challenge.
Outside of that, I'm not sure I've got much advice, as I'm also on the front end of this trying to figure out how to be a good dad, a good husband and still explore some of these opportunities. Meditation has been super helpful, as well as making a decision to change my mindset and be more open minded to the possibilities.
Good luck! You're not alone. But I'm convinced that if this is something we really want, we'll make it happen. As @Mindy Jensen would say, "there's always a way!"
I have two kids, a wife, and 4 dogs. My wife and I both work full time jobs. Life can be extremely hectic at times. I seem to be at some sort of sports field 5 nights a week for 9 of the 12 months. I also have a couple rentals, take care of a number neighbor's and family's lawns/driveways and also do other odds and ends for people. I also find time to play with my kids every single day even if it's only an hour or so because I know they won't be young and wanting to spend time with me for long. I get up at 4:30-5 everyday and get my day started. It's so easy to get things done when you aren't being interrupted. I fold laundry, clean the house, take the dogs on a walk, etc. all before the rest of the house decides to get up. Sometimes I don't know how I do it, but at some point you just get in a rhythm and it just falls into place. It does help that I have my wife to help out, though.
What are you "finishing up" at 2 in the morning? Would it make more sense to go to bed earlier, say like 10 or 11 and get up at 5? I read somewhere that you can get more done by getting up earlier instead of staying up later. I'll see if I can find the article. Hang in there...you'll be ok!
I agree on the going to bed earlier. I too am a night owl, but exhausted by the end of the day because i never get enough sleep. I used to have a routine where I got up at 4:30 am everyday to start my day and did much better at coordinating my time becuase I takled things when I was fresh instead of exhausted. I own 1 duplex investment property and trying to find another so I can quit my day job and run my rentals (airbnb and long term tentants).
RealEstate isn't a quick fix.
I'm thinking life coach then RE.
unfortunately in my case I work till 9 PM and quite often I stay up later after work and don’t leave until 930. So I come home sometimes around 10- 1030. And then I have to shower, do homework with my kid, answer emails. Etc...
that’s why I go to bed so late