Calling all multifamily investors

[Trey Knight]

I’m struggling with time management right now. I’m trying to balance my W2 job, exercise, family, investing activities and education. It seems like I could use a 48hr day instead of 24. I’d love to hear what experiences everyone has had or is having with the challenge of working full time and giving enough time towards the investing. Eventually I will be a full time investor but I’m wondering, what sacrifices did you make to make it happen? Do I need to quit exercising for a period of time? I don’t watch TV and I’m about as active as my grandpa is on social media. I don’t feel as though I’m waisting much time. How extreme do you have to go? I’d love any feedback.

[Pat L.]

Back in the early '80's (single & no kids) I worked every spare hour, every vacation & drove a POS car. (On the rare occasion I had time for a date the girl would insist on driving her vehicle.) Yet I made 2x what my colleagues were making (passive income is a dream). I rented every room I could in every home I owned, including the multi's as I converted them to student slums housing.

My friends & colleagues laughed at me & told me I'd never make money. One was with me @ 1am one night when the cops pulled us over after collecting students rents & they thought I had to be a drug dealer with so much cash on me. That friend realized that my REI was a $$$ cow & he became one of the few partners I had.

Most of those who doubted me worked until 65 to afford retirement & now work menial part-time jobs to supplement their income. You either sacrifice the time when you're younger (to build that portfolio) or work it off painfully in old age to afford retirement. 

I retired in '98 & NEVER looked back.