The Holiday Debate: How Much Time Should Investors Take Off This Season?

by | BiggerPockets.com

One of the biggest dilemmas real estate investors face this season is how much time to take off. Should you be upping your game and work through the holidays to take advantage of all the great opportunities? Or are the benefits of taking time off just too important to ignore?

We are fresh off of Halloween and Thanksgiving. Now Christmas and the New Year is looming fast. So how much time will you be taking off?

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The Benefits of Taking a Time Out

Despite having great freedom to set their own schedules, many real estate professionals and investors fail to take advantage of it. There are definitely benefits of taking some down time.

For some, there is a real need just to rest, relax, and physically and mentally recharge. For others, there is an urgent need to take a few days or even a week out to really revisit plans and strategy. If you have friends and family, they need attention and quality time too. Those relationships need nurturing. The bottom line is that life just isn’t as fun as it could be if you don’t make time for fun and relaxation.

Related: How to Make Extra Cash for the Holidays by Renting Out Your House

Many individuals will find great returns on taking holiday days and weekends off. You might even taking a week or two out. Still, there are many who certainly don’t want to lose out on deals or become anxious seeing their voicemails and email inboxes piling up.

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The Advantages of Going All-In

In my opinion, this is the best time to go all in. This is especially true for those who still haven’t achieved the goals they set out to accomplish for the year. If you’re still growing your wealth, income, or business, this is the time to go hard. You can take it easy later. You need to grab the opportunities that are on the table now and run with them. If you are just starting a business, this is a no-brainer. You can’t afford to slack off. There is always someone else out there looking to put you out of business or to beat you to the opportunities.

This is especially true during this annual holiday season. This is when most corporations and others start to slow down. During the summer, they are on fire. They are spending millions on branding and advertising, working overtime. During this season, they are slacking. The best time to push through all the noise is during this season. Key people are on vacation, nothing happens fast, and there is far less competition.

Related: 5 Ways the Holiday Season Reminds Me to Be a Better Entrepreneur

That means you can get noticed and generate more leads for less money. You can make offers on houses with a better chance of getting a better deal. You can get more visibility for properties you are leasing or selling, and you can stand out as being a hyper-responsive pro.

While others say you should slow down to take a break, I believe that’s average thinking. If you want extraordinary results, you have to think differently.

Investors: What does YOUR holiday schedule look like?

Let me know your thoughts with a comment!

About Author

Sterling White

Sterling White started in the real estate industry at a early age back in 2009. The company he co-founded Holdfolio is a real estate crowdfunding platform based in the Indianapolis market. Before founding Holdfolio Sterling and partner Jacob Blackett were involved in the purchasing and selling of 100+ single family homes nationwide. In his free-time he trains for a World Record.

7 Comments

  1. Christopher Smith

    Just sent an email to my two prop mgr agents to let me know if an extraordinary deals pop up during the Holiday season. Don’t think it’s very likely I will be hearing too much, but as markets get pricier and pricier every opportunity to snag a below market deal needs to be explored.

  2. Andrew Syrios

    It should be noted that the real estate industry basically shuts down between December 24th and January 1st, so you might as well take a break. No one can go all in all the time. Taking breaks and vacations, in the end, is good for your long term goals.

  3. Susan Maneck

    Couldn’t agree with you more. Best deal I ever got was a property I found during the Christmas break. I got two houses for 32K! Back house needed a lot of work, front house was in pretty decent shape. Right now they yield me $1500 a month in rent.

  4. Tyler Parish

    I have found my best deals late December. I think most people are taking time off and you can swoop in and get a great deal at this time of year. Especially when people are spending money on Xmas gifts they don’t typically think of dropping thousands on a house. I purchased a great deal Dec 21 last year, 250K, closed it Feb, fixed it up in spare time three weekends and rented in March for $1400. I bought it for 70% of it’s renovated value.
    Some of the best deals come up Nov, Dec, Jan here in Canada anyways.

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