Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago on . Most recent reply

User Stats

174
Posts
64
Votes
Luis Montanez
  • Contractor
  • Marietta, GA
64
Votes |
174
Posts

Pursuing multiple life goals at once.

Luis Montanez
  • Contractor
  • Marietta, GA
Posted

Has any one accomplished a level of success wile having as much time consumed by work, responsibilities and life goals?

In my case

Work

1. Full time job (40hrs per week)

2. Military Reservist (16hrs per month plus 80hours once per year)

Responsibilities

1. Wife and two small children (1 to 2 hrs per day 8hrs per weekend)

2. Church (2hrs per week)

Goals

1. Staying in shape (1hr per day)

2. Real estate investing = X

To solve for X

Hours in a year = 8766

Less

Sleep (7 * 365) = 2555

Work = 2352

Responsibilities. = 1040

Fitness = 365

Buffer (2hrs * 365) = 730

Total = 7042

Time for real estate investing = 1724 / 52 = 33 hours per week

Do you agree that 33 hours per week is reasonable to be a successful part-time real-estate investor?

What additional examples are you currently jungleing wile still being successful in Realestate investing?

Most Popular Reply

User Stats

168
Posts
88
Votes
Eric Belgau
  • Insurance Agent
  • Olympia, WA
88
Votes |
168
Posts
Eric Belgau
  • Insurance Agent
  • Olympia, WA
Replied

That's an interesting calculation!

Success is always a result of effort, which is a combination of time and intensity. If you can do something well and efficiently, then the resulting intensity can make up for a lack of time. (Like with exercise. On days when you have less time, you probably increase the intensity.)

I balance a full-time job, a home life (also with two kids), a second career as a writer doing 2-3 professional projects per year, and other personal responsibilities (charity board work, political activism, etc.).

As a result, I don't get into time-intensive real estate deals. I'll look for a property that I know can be improved to add value (an intense effort over a short period of time) and that can generate rental income in the long-term. I won't look at complex financial deals, major rehabs, or anything else that is going to take me a lot of time to master and execute.

Loading replies...