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Updated over 7 years ago on . Most recent reply

User Stats

54
Posts
18
Votes
Amil D.
  • Rental Property Investor
  • Indianapolis, IN
18
Votes |
54
Posts

Working 9-5 while buying Property?

Amil D.
  • Rental Property Investor
  • Indianapolis, IN
Posted
Greetings side hustle investors! I'm new to real Estate and right now I'm reading the BiggerPockets book "The book on rental property investing" as my first real estate book. The process of buying (searching for property, making an offer, doing your due diligence, paperwork, and finally buying) seems incredibly involved. And you have to be able to do all this quickly. My goal is to buy a first property, I'm thinking either house hacking a duplex or triplex or using a turnkey like Roofstock to buy a single family home. 1) how did you manage to buy your first property while working? Did you take a lot of days off for periods such as the inspection, meeting with lawyers, realtors or title company? How many days off? 2) Background: I have a slightly odd schedule. I usually leave for work about 10 am and get home about 8:30pm. I also get every other Friday off (usually). I also have activities going on on weekends. So my free days on weekends would only be 1 day per week: Every other Friday and every other Saturday. Question: Were you able to do it all at night? If so, how did you manage to interact with 9-5 folks like lawyers and many others? How should I change my schedule to be able to accomplish this? 3) Did you feel underprepared or that you were not able to do all your due diligence due to working 9-to-5? If so, I do not want a bad first experience and be scared away from real Estate. I'd rather take a lower return, if that makes sense. I have plenty of time to get greedy later, I should understand the basics now. Should I perhaps invest in a turnkey like roofstock instead just to get me started?

Most Popular Reply

User Stats

53
Posts
63
Votes
Timothy Gleason
  • Military
  • Pensacola, FL
63
Votes |
53
Posts
Timothy Gleason
  • Military
  • Pensacola, FL
Replied

Amil D. Let me rephrase your post for you:

Greetings BP, I'm looking at getting started and I've got some clear advantages that I'm looking for help in how to exploit to my max benefit. Advice appreciated:

1. I've got a steady job. I've got a steady income that I believe will help me out during the loan underwriting process.

2. I have odd hours. I don't need to report until 10AM each morning, so I can conduct phone business in the AM hours while my competitors are already busy punching their W2 clock.

3. I have some Fridays off. With a professionals approach, I anticipate being able to plan my property viewings, closings and other items to get me access to the best real estate talent without consuming their precious weekend time.

------
My point- change your perspective. There are many who would envy your present position. Now get out there and take action!

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