Posted about 7 years ago

How Much You Need Per Hour To Make $1M In Real Estate

Here’s how much you need to make per hour to earn $1M a year in real estate...

$1M a year is a nice initial milestone goal for those looking to change the dynamics of their finances and futures. So, what does it really take to get there?

Unfortunately, most real estate investors, entrepreneurs and business owners just don’t stand a chance. They haven’t run the numbers. While they might have noble goals, what they do on a daily and quarterly basis just isn’t going to take them where they say they want to be.

Here’s the math you can use to hit your first million, and then multiply it!

Assuming you want to achieve this type of income and wealth only putting in a 4 day work week and want to take at least 2 weeks vacation each year, and factoring that you’ll only realistically manage to get in 6 productive hours each a day, you have just 1,200 hours to work with each year. You’ll need to average at least $833 each hour to hit your goal. It is achievable. You just can’t afford to expend an hour of your time on anything that yields less than that.

The good news is that you can make thousands of dollars an hour in real estate. It’s just a matter of applying yourself to the right tasks and refusing to be dragged into any activities in those hours that will sabotage your goals.

Flipping houses, renovating and renting income properties and investing in mortgage loan notes can all be profitable. Yet, even though you may be easily making $250,000 a year as a hands on active investor, you can still be a long way off from your goals and have a big gap to leap. One that you aren’t going to close simply with more hustle. You’ve got to work smarter.

Passive income is really important for multiplying and scaling your income, free time and wealth. It’s vital.

If you plan on being active in trading investments or running a business, then you can only afford to work on the most high level tasks. Each hour spent doing anything less is costing you your goals and stealing from your potential. If there is a task you can hire out for less than $800 an hour, then you need to do so. Fortunately, that can cover just about everything from legal work to great marketing, screening potential deals, managing teams and daily admin. The only thing it may not cover is a really top level coach.

This will free you up to focus on negotiating the best deals, working on forging high profit strategic partnerships, and strategizing your next level moves.

How much are you going to make this year?