Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Short-Term & Vacation Rental Discussions
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 over 1 year ago on . Most recent reply

User Stats

29
Posts
7
Votes
Tim Griffiths
  • Oswego, NY
7
Votes |
29
Posts

finding the time

Tim Griffiths
  • Oswego, NY
Posted

I just closed on my first property and was thinking of having it be a str/mtr in my town but I'm having second thoughts. I have a very busy w-2 job as does my wife and finding the time and money to fully furnish another house is incredibly daunting, especially doing it quickly as we'd like to have it rentable asap. Add in the time to manage it on a weekly basis and we are just about convinced we need to just get a LT tenant in, way less work even though I'll barely be making $200 a month off the property (if that). How does someone put together a STR when you've got two full time job, plus kids? I don't want to give up on our dream but we are beyond overwhelmed.

Most Popular Reply

User Stats

11,951
Posts
13,999
Votes
Bruce Woodruff
#1 Real Estate Agent Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
13,999
Votes |
11,951
Posts
Bruce Woodruff
#1 Real Estate Agent Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied

Only so many hours in the day....something has to give. Make sure it isn't 1) your health or 2) your family.

If your W2 job makes that much, and you enjoy it that much, and you are ok with hanging in there until retirement time, then there is your answer...LTR it and move on. 

However if you are looking to replace your W2 job(s) with the RE investment business, then you need to start somewhere....sleep less, give up other activities that are not essential. 

Loading replies...