All Forum Posts by: Haydn Zeis

I'm seeing a lot of good responses.  I saw one person mention it, but I wanted to elaborate on this a little.  Time is my biggest expense.

For me, at this point in my career, my time is best spent finding and analyzing deals.  I can make more money looking for deals and closing them, than I can doing paperwork and paying bills.  It's a tough calculation to really pinpoint, but it's an important one to figure out.  How much is your hour worth?  

Let's say last year you made $72,800.00 and you work 40 hours a week.  You'd be making $35 per hour.  During your 40 hours per week, you're working on everything.  You answered tenant calls, fixed things at your properties, opened your mail and paid bills, prospected for new properties, analyzed new potential deals, etc. etc.  If you take a look at where you're spending most of your time and see that 50% of it is doing administrative work, and remaining 50% of the time you're actually doing work that produces the $72,800 per year, you might be costing yourself a lot of money in opportunity.  In this scenario you're paying yourself $35.00 per hour as an administrative person.  Could you hire an admin for $15.00 per hour to take the majority of the administrative paperwork side of your business off your shoulders?  That would mean that you've got an additional 15 hours per week to go out and work on the things that are actually producing income.  Not the administrative stuff that consumes lots of time!  You're probably going to increase the income you bring in, significantly, by hiring someone!

I'm an agent and just wrapped up a rehab buy and hold, in Westerville, Ohio last month. Closing in two more deals on the 28th and working on an LOI for an investment we're analyzing and hopefully closing on, in the spring. I think there are lots of real estate agents who just focus on sales, and simply don't like investing.

Lisa!  You're in the right place.  Bigger pockets has more information than one could ask for when learning about real estate.  It has helped me gain knowledge and success.  I'm a big believer in surrounding yourself with people you can learn from and build together.  Good luck on your journey!

Brad I know of an of a good one!  Just sent you a PM

Andrew!  Would love to chat!  I just sent you a PM.

Welcome!  

We work with everything from SFR bundles, to large multifamily, commercial, vacant land, mixed use, and we do property management!

Great advice @Marcus Hendren. Starting where you live is a great idea.

NA, make sure to read and listen to all you can on BP!  You'll learn so much!

Hi Anderson,

I work for Parker Realty Associates.  One of our specialties is investing and working with investors.  I'd like to schedule a meeting with you!  

@David O.  Also, make sure to check out homepath.com  That's where we purchased our newest live-in flip!