If you have a day time job that's not related to real estate, how many hours do you usually put into real estate investment weekly?

Question

I am just curious to see how many hours do you guys put in REI. (I know it depends on your goals)

The reason why I am asking is because I have a full time job right now, and I am planning to start part time MBA program in a year. I am trying to estimate how much time I can invest on REI while working and going school for part time.

Brie Schmidt · Answer

@Roy C. -  I am no longer working a non REI job but I did both for 3 years..... As a buy and hold investor I would say it was about 10 hours a week during the acquisition stage (finding the property, negotiating the deal, lining up everything for closing) and then once we bought (we only buy rent ready so no rehab) I would say the first 6 weeks of getting things transitioned were about 5 hours a week and after that it is about 1 hour a week unless we had a turnover and I rented out my own apartments so it was about 10 hours to do that.

Roy C. · Answer

Thank you very much for your input, guys!

@Brie Schmidt 10 hrs/week sounds reasonable. That's how much time I am planning to put in once I start my MBA program.

@Andy Robison Nice, Andy. I am in my late 20s right now finishing up my 2nd undergrad degree. It's def tough to going back to school but it was worth it for me.

@Richard C. that's funny. I have been obsessed with BP lately too.. during my spare time I just read new thread on forum.. it's pretty addictive

Sam & Heather Jones I agree. It's just that practical application aka making money so much better than academic.

NA Jones · Answer

If I had to throw an estimate out there, I'd say around 25-35 - on top of my 40 hour a week non REI job.  I spend 5 hours a week on BP (it's probably closer to 10, but we'll go 5)  10 or so hours in MLS looking for deals, looking at deals, data mining and doing market research, 5+ hours a week previewing potential buy, rehab, hold/sell properties and another 15 hours or so a week providing buyer and seller service as an agent to build capital and gain experience.

I think about REI 24/7 though! ;)

Richard C. · Answer

You know what is ironic?  As a very small-time buy/rehab/hold investor, the most time I spend on REI is the time I spend on BP!

Roy C. · Answer

@Andy Robison Awesome. Yeah, my company is partially paying for my MBA degree so I decide to pursue that path. I mean after all they are paying for it, why not take the opportunity. Good stuff man.

Andy Robison · Answer

@Roy C.

College for me isnt a requirement, or even really needed to advance my 9-5. But the government will pay met 1.8k/month to stay full time which will come in handy and I can minor in buisness managment. So it works out. Will be able to purchase another house sooner than later

Paul S. · Answer

@Roy C.  I try to limit it to 10 hours a week. I am doing my MBA as well so it takes some discipline because REI is much more fun than my classes.

Rob L. · Answer

hey @Roy C. I work a full time job and have a real estate business on the side too. So it keeps me pretty busy. I have a habit of stretching myself too thin and then figuring out a way to make everything work. I imagine your be able to do the same. If I were you I would do both and develop a plan for managing your time so you can do both.

Of course it depends on the type of RE investing you want to do, I only have rentals so it doesn't take up a lot of the time and I don't personally do the property management anymore. It allows me to focus on the business, not working in the business.

Andy Robison · Answer

@Roy C. I have a fulltime job as a Systems Administrator with the occasional 20hrs/week of over time. I dedicate about.... I cant put a solid number on it. Some weeks I'll spend 40+ hours looking for the next deal, reading, researching, learning. Some weeks I dont spend anytime at all. Come Janurary I plan on going to college full time to get my bachlors in Information Technology with a Major in Network Security. When that happens I'll still spend about 10+hours a week. On real estate, land lord duties, and learning. So that brings me to 40+10+30=80 hour "work weeks" Not to shabby for a guy in his mid 20's

If you have a day time job that's not related to real estate, how many hours do you usually put into real estate investment weekly?

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