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Updated over 5 years ago on . Most recent reply

User Stats

102
Posts
27
Votes
Brandon Becsi
  • Rental Property Investor
  • Richmond, VA
27
Votes |
102
Posts

Income while working deals?

Brandon Becsi
  • Rental Property Investor
  • Richmond, VA
Posted

I currently have two businesses, a small construction company and a small real estate business with two rental properties. I want to get more involved in my rental/real estate business because that is where I see my families future. The issue I have is when I work on deals and getting investors for my real estate business it takes time away from me being able to do my construction business and thats what pays the bills. Real estate for me right now is just growing wealth but I currently dont receive any "paycheck" from it just tenants paying off existing loans and bank account getting a little bigger each month. 

Question is this: How can I bring in any type of income while im spending time working deals and seeking investors. Lets say I do real estate 3 days a week and construction 2. How can bring in any money that im missing out on construction money those 3 days riding around doing deals? Is there a fee or charge that I could work into deals that will give me some income? 

Looking at this objectively I want to tell myself that the end goal of the deals (that may take 3-6 months) will be a lump a cash that is my income and that I have to be patient and thats how this business is. Thanks for help everyone!

Most Popular Reply

User Stats

24
Posts
14
Votes
Cody Clinton
  • Rental Property Investor
  • South Florida
14
Votes |
24
Posts
Cody Clinton
  • Rental Property Investor
  • South Florida
Replied

@Brandon Becsi I don't think the goal here should be "How do I split my time effectively?" because by pulling yourself in two different directions both will suffer. My suggestion is since your construction business is fueling your real estate business at the moment would be to focus on that. If you make more money there it will provide you more resources for the real estate end. You also may want to set some system/automation goals within the construction company. If you work hard enough and get in running like a well oiled machine with the right people in place you then may be able to focus solely on the real estate end and step away from the construction while still having it be a revenue stream. I work a full time job as well and I've gotten to the point where I'm so efficient at it that it allows me to maintain my expected performance level and still focus a lot of my effort on building my REI portfolio. It's just my humble two cents but I hope it helps!

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