Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago, 02/09/2022

User Stats

17
Posts
12
Votes
Tony Hershiser
  • Rental Property Investor
  • Ashland, OH
12
Votes |
17
Posts

Road Block!!! (need a work around)

Tony Hershiser
  • Rental Property Investor
  • Ashland, OH
Posted

I am financially ready to make the jump into realestate investing however, I have a job that requires a lot of my time. When I say a lot of my time we are talking 65 to 70 hours a week. Today for instance I was seto to get off around 6pm to look and a duplex and a single family unit and all was going well until 530 rolled around and 2 vehicles sold and I had to stay to complete the finance paperwork. I had to cancel with my agent and felt like I had wasted everyone's time. This is my job though and I have to provide for family. Although these properties on paper worked well and had a COC return in the high teens and a cashflow after expenses at 250-300. It's a bit hard to look at properties and make offers if I can get there in the first place.

We have 6 kids and realestate to me is the way I have been dreaming of providing for my wife and I into retirement and my children after we are gone. We are not looking to make this a way to retire and live on the income but rather to purchase 1 or 2 homes a year until retirement and live on the income then or sell them off one by one as they are paid off and live on the proceeds from the sale.

I need some advice. Am I kidding myself to think this is the way to go when I work 8pm to 6pm-9pm 5 to six days a week. I know nothing about the stock market and have studied realestate for the past 6 years and have one succesfull house hack under my belt. If you've made it this far thank you for reading this.

How do you leverage others to help when you have no reputation in the industry? Hard question, right?

Loading replies...