All Forum Posts by: Account Closed
Account Closed has started 29 posts and replied 218 times.
Post: Staying motivated in an industry of constant hurdles
- Contractor
- 08234
- Posts 253
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Post: Staying motivated in an industry of constant hurdles
- Contractor
- 08234
- Posts 253
- Votes 178
Hey Everyone,
How many times have you run into something in this industry that has slowed you down, confused you, made you doubt yourself, made you hesitant to move forward, or just made you wonder why you should continue. Getting into Real Estate Investing always starts the same way with the excitement and drive and hefty goals .Then you start getting into the daily grind and you get discouraged, frustrated, and realize its not as great as it seems. You analyze 100's of properties, call hundreds of contractors, do hundreds of phone calls, and realize how much money you need to get started and keep moving. It can all be overwhelming, debilitating, and in general demoralizing. It is all time consuming and difficult to get past BUT here are some suggestions on how to get past the daily grind until you get to that golden world of passive income.
First you want to have a clear vision of what you are doing this for. Is it for your family? Is it for yourself? Is it to retire early? Figure out your driving force because it is extremely important. It will keep you moving forward through the hard, tedious times and make sure you stay on track. Put it on a poster board and have it in front of you when you work so you don't forget it.
Next keep track of your daily activity this way you can see things getting completed. It keeps a record that your making progress that you can refer back to when you feel like you are not moving forward. This also helps you see what efforts are getting you somewhere and what isn't. At the end of the month look back and see where your best results came from. An example would be where did you get your properties from, the MLS or did you get the from a wholesaler. You don't want to waste your time so having this simple method will help prevent unneeded aggravation and put your time where it is getting you the best results.
Another Idea is to make sure you take time off. It seems counter productive but it is actually one of the most important things you can do. Clearing your brain and not thinking about business helps you be more focused for the times you do work. The more you can be focused on what your doing the more you will get done each time you work. So setting time off each week and turning off your phone at night are simple ways to help with this.
What are some ways you have kept yourself moving forward and staying focused in a very distracting industry?
Post: Out of State Flippers, How Do You Manage Your Construction Work?
- Contractor
- 08234
- Posts 253
- Votes 178
Post: Rehab Repair Estimate
- Contractor
- 08234
- Posts 253
- Votes 178
Post: Rehab Repair Estimate
- Contractor
- 08234
- Posts 253
- Votes 178
Post: Looking for EXPERIENCED flippers in South Jersey!!!
- Contractor
- 08234
- Posts 253
- Votes 178
Post: Sub Contractors Or General Contractors Which to choose!
- Contractor
- 08234
- Posts 253
- Votes 178
Post: Sub Contractors Or General Contractors Which to choose!
- Contractor
- 08234
- Posts 253
- Votes 178
Hey @Will Barnard
Thanks for the input. how would you say having a mixture of some on staff subs and some freelance works compared to some guys who have everyone on staff? Would you say there would need to be more volume?
Post: Sub Contractors Or General Contractors Which to choose!
- Contractor
- 08234
- Posts 253
- Votes 178
Hi @Shannon S.,
That is a good go between. I have actually heard of one or two investors doing it this way. Another version that some High producers will do is have Full time sub contractors on the payroll. Because they have so much work they save a lot of money. But they also have to keep that volume going to sustain the model.
Post: Sub Contractors Or General Contractors Which to choose!
- Contractor
- 08234
- Posts 253
- Votes 178
Hi @Doug W.
Thanks for the insight. For me my family time was important to me as well and thats one of the reasons I use a GC too. How long have you been investing?