Is this how the game of REI is played?

[Account Closed]

Hi everyone! I just recently came to the realization that to have true passive income or to own your own time, you need to outsource as much work as possible in your REI business. I don't know if this is a topic that every REI should know or if this is such a beginner/novice/newb realization, but I'll be honest, I'm a beginner REI and I just want to tell the whole world about this!

1) Take out a piece of paper or word document and just write everything that comes to mind, even the little things. Such as managing your properties, paying bills, doing paperwork, talking with sellers, marketing, etc. This list depends on you!

2) Like the saying from Kiyosaki's book, Richdad Poordad, "I can't afford that, to how can I afford that?", you must think on how you can outsource every single piece on your list. Such as hiring a property manager to manage our properties, hiring virtual assistants to talk to sellers who've called the phone number on your direct mail, or hire wholesalers to find good deals for you, etc. What work gets outsourced will depend on you as well!

Outsourcing work = automating your business

Automation is the product of outsourcing your work.

Automated business = business that runs on it's own

Automated business = you don't have to be there

Automated business = more time

Mind you, there will be some things you can't outsource like checking in on your systems or doing paperwork, but the fact is that you've outsourced so much work that you don't have to work incredibly hard every single day and to me, that's why me and so many other people are here.

I don't ever want to lose this amazing mindset, so that's why I decided to write on here. Not only to reinforce this information but also to get some insight from other perspectives.

What else am I missing guys?

[Joe Villeneuve]

What you just described is the Production Line.  Henry Ford could have built one car at a time, but when the production line was introduced, his auto company skyrocketed.  The Production Line is teamwork...on steroids.  It allows for an unlimited number of returns simply by repeating a successful process.