Coaching? Refining goals?

[Amy Ranae]

Hey All!

I’m feeling a little stuck and like I’ve got 3 bridges I’m trying to build at once. I’ve been listening to Brandon talk about eliminating bridges and I 100% agree, but I’m feeling like I can’t really eliminate these and I’m not sure what I want to focus on when it comes to investing.

Here’s what I’ve got going on:

1. I own a boutique real estate brokerage and help my agents learn the business and work with clients and investors. This takes maybe 10hrs of time each week but consumes my thoughts and emotions most of the time. I LOVE this business. It makes money, has great growth potential, is really fun, it gives me a strong sense of purpose and brings joy to my day. I would like this business to grow, but I don’t think I want crazy growth, I’m liking our incremental growth. I’d rather focus our resources on helping our existing agents do better vs adding a bunch of new agents. Most profits are going directly back into the business still, so even though it makes good money, I can’t support my family on this stream.

2. I am a real estate agent. I help buyers and sellers and investors with their real estate sales and purchases. While I’ve dropped production to 20-30 transactions per year, and try to hand off as much of this as I can to the other agents in my company, this is still my main source of income and how I support my family. I love this business and it takes between 10-20 hours per week.

3. Real estate investing. I own two rentals which cash flow just under $1400/mo. They are super easy and fun and I love them. I have also flipped two houses in the last few years which made a good profit but took a ton of time/energy while they were going on. I’m most interested in getting more rental properties and growing my cash flow but at the same time I don’t feel super excited about it. My interests lie in new construction and developing ‘green’ neighborhoods and communities, but I’m not sure I’m quite ready to take that leap. I’m learning and connecting with people in that industry on the regular though.

I’m also a mom to two and have a husband with a regular job and no interest in real estate. I put my kids on the bus each morning and am home for them when they get off the bus to run them to activities or hang out. On any given day I swing from feeling spread too thin to boredom because I have so much of this under control or delegated. On the days I don’t have much going on I feel excited to buy real estate, but the next day might be packed with work and I don’t have the brain space to think about acquiring property. I know I can/could build a team and business around the investments, but I also know how much effort goes into that and don’t want it to take away from my brokerage’s growth. I also don’t have too many more hours in the day to give.

I wonder if you all have any insights or thoughts that I might be missing since I spend so much time thinking about this. What advice or direction would you give? I’m thinking about coaching, which I’ve done in the past and loved, but also looking for recommendations in that direction too.

Thanks for your help BP!!