What is the best way to spend your time?

[Timothy Douglas]

Hey guys! I will be making $3,000 a month in passive income by May 31st, 2021. I'm deciding to dedicate twenty hours a week to Real Estate. I want to know how you guys allocate your Real Estate time. I don't have a team, a deal pipeline that is working (I am starting a direct mail marketing campaign in January), any idea of how to analyze properties quickly (it seems information is needed that I can't obtain until I'm under contract), or a lot of capital behind me. I want to accomplish the passive income through multi-family properties, ideally apartments that are 20-50 units. I will also be wholesaling other deals I come across. I am planning to spend 5 hours a week educating myself, 3 hours a week networking, and then the rest is unplanned as of right now. I don't know where I should focus my time, so where do you guys? What 20% of work produces 80% of your results? All responses are appreciated!

[Kase Knochenhauer]

@Timothy Douglas - planning is a great first step to increasing your passive income. As @Taylor L. mentioned, $3000/month passive income is a pretty hefty goal and one that will take LOTS of work!

To get there you'll need to do three things:

1. find more deals
2. get more money
3. make more time

Spend your time building systems, taking action to build your pipeline or developing your skills to generate those three and you can succeed. Good luck - you absolutely can do it!