Starting Out
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

Pursuing multiple life goals at once.
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

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.