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All Forum Posts by: Kyle Wagner

Kyle Wagner has started 1 posts and replied 10 times.

Post: Real estate agents podcasts

Kyle WagnerPosted
  • New to Real Estate
  • Moore, OK
  • Posts 10
  • Votes 6

Honestly, just thinking of the books I have read but I am completely ignorant about it currently but from what I have learned and it may be obvious so my apologies but someone who is willing and able to put in the time (working on their "days off"), communicates with their client regularly and can be motivational/supportive during harder times.  Someone who is relentlessly working to close and creates a track record for striving to being the best servant leader for their people. Understands the mindset of an investor as well of the understanding of a market and to have connections they are willing to connect someone with. This is just something that I look/am looking for.  Best of luck. 

Post: BRRRR with a 48-54 hour a week Full-Time Career

Kyle WagnerPosted
  • New to Real Estate
  • Moore, OK
  • Posts 10
  • Votes 6
Quote from @Dale Degagne:

@Kyle Wagner sounds almost like your applying the wrong strategy to your goals. If you want to retire in 25 years comfortably and want to have work life balance between now and then, I would suggest you relook at turn key properties or partner with someone who does BRRRRs full time. Either that or let go of the work life balance thing...


Well my intent of the post was not to complain or gripe about work life but to understand where other people have struggled at because I truly understand the value of having both. In reality I know it will be unequal at times. My strategy is aligned with my goals seeing that time blocking throughout my day to set aside time to focus on small goals to affect my large goals. Through talking with other investors turnkey properties look like the investment may not be worth what is put into it. Now I truly do not know this because I am ignorant about the investment and have done little research on turnkey but if you have positive insight on turnkey I would love to hear about your successes from them. Though I like the idea of partnering with someone who does BRRRR full time and I appreciate the feedback it is something I will set aside time to look into myself because I do have people in my life that would probably love to but a partner in something like that.

Post: BRRRR with a 48-54 hour a week Full-Time Career

Kyle WagnerPosted
  • New to Real Estate
  • Moore, OK
  • Posts 10
  • Votes 6
Quote from @Mike D'Arrigo:

@Kyle Wagner You have to be realistic and ask yourself what you're willing to give up. There's only so many hours in a day. Doing a BRRRR is very time intensive. Are you willing to give up some hours at work, sleep or social time? Something's got to give.


 I understand it's a big give and take and there are times where things will be unequal through certain times throughout.  I give up hours of sleep and social time, which is easier for me because I do my best work on 5-6 hours of sleep anyways.  Time blocking as been a huge help to me to ensure I am focused on one thing only during certain periods throughout my day and being more specific on my timeline with small goals that are aligned with my big audacious goal.  

Post: BRRRR with a 48-54 hour a week Full-Time Career

Kyle WagnerPosted
  • New to Real Estate
  • Moore, OK
  • Posts 10
  • Votes 6

That is awesome, I really like the passion behind what you said.  I need to be more specific within my goals.  Thank you for the advice!

Post: BRRRR with a 48-54 hour a week Full-Time Career

Kyle WagnerPosted
  • New to Real Estate
  • Moore, OK
  • Posts 10
  • Votes 6
Quote from @Jared Hottle:
Quote from @Kyle Wagner:
Quote from @Tim Delaney:

@Kyle Wagner depending on the nature of your job (do you need to be physically present at a workplace for 50hours/week?) and your income level, you may be better off with turnkey than BRRRR. Given your timeline of at least 20 years until you want to retire, even if you bought a turnkey house every other year or every year you'd have 10-20 properties.

I think the struggle you will face with BRRRR and trying to balance a full time job and social life is time. The shortage of time is something that I always struggled with when I was getting started because of how much I worked on my other business and trying to spend as much time with my children as possible.


 I appreciate the honesty.  I value my work, I truly enjoy being there and the process of it.  So in a sense of not having to be there I do not, that being said I enjoy it and typically am there 6am-6:30p sometimes 7.  I do not have kids and social life is my two days off.  I struggle with having a social life other than going to the gym.  It’s weird and has been a struggle to balance a social life, my fitness goals, and learning about real estate.  I’ve found that waking up earlier gets me a head start on the day to take advantage of time but by 9 I’m ready for bed.  It’s a weird balance already and I haven’t even gotten into any properties yet!  I will look into turn key and could really see how this is beneficial to my work/life balance.  Thank you

 @Kyle Wagner I feel you on the balancing act. I am in the same boat although I do not have kids lol so maybe not coming from the same perspective. I find my work is a little more seasonal (busier in summer) this winter I took on a few BRRR properties and we are finishing them up just in time for the busy rental season so that worked out well. Not sure if this would work for you but I noticed I had way less social life or social pressure during the winter because everyone has overspent for the holidays or its too cold to do anything. So maybe target a slower season in your W-2 for a BRRR.

I have found I am way more productive when I wake up early, workout and follow a small morning routine and it really sets my day up nicely sounds like you are doing that but it is great. this also leads me to going to sleep earlier or working on less brain intensive tasks later in the day so there is a trade-off.

I think having a job that takes that many hours can be taxing but see if you can flip it on its head. Is it required you work that much or are you putting those restraints on yourself? What competitive advantages does your w-2 provide (any co-workers who are handy that can assist in your BRRR for a wage? any building materials you can get free that are scrap or cheap? If you are front-end is there any relationships you have made you can leverage or can you get a chance to drive for dollars while on a sales call?)

Lastly, can you sacrifice some social life now for freedom later. It does not have to be one or the other but if you give up 3 months of weekends you should be able to finish a BRRR in that time. Maybe just do 1 a year for now but that way you can make a sacrifice for the future but also live now. Hope that helps!


 Wow!  Thank you so much.  Very helpful.

Post: BRRRR with a 48-54 hour a week Full-Time Career

Kyle WagnerPosted
  • New to Real Estate
  • Moore, OK
  • Posts 10
  • Votes 6
Quote from @Malcomb Stapel:

@Kyle Wagner  are you rehabbing the property yourself? If so, your going to burn both of your two days and two nights off a week working on that property. Also, sometimes you have to get way out of balance to push past obstacles and get what you want. The skill is being aware of it and returning to balance so as not to burn yourself out. 


 My apologies I was not clear on my intent in this.. I currently do not have a property. I am looking to where people have struggled and where I can learn from before I do get into the process. I just have a few loose ends to tie before I do. I am highly considering not doing the rehab myself but I also understand the rising in costs during this time and how that could dip into equity quite a bit.  Although I will not fully understand until I take action and make mistakes along the way to learn from. Thank you for the advice on staying aware throughout the time . It will be a lot of give and take during the process and balancing I could imagine.

Post: BRRRR with a 48-54 hour a week Full-Time Career

Kyle WagnerPosted
  • New to Real Estate
  • Moore, OK
  • Posts 10
  • Votes 6
Quote from @Tim Delaney:

@Kyle Wagner depending on the nature of your job (do you need to be physically present at a workplace for 50hours/week?) and your income level, you may be better off with turnkey than BRRRR. Given your timeline of at least 20 years until you want to retire, even if you bought a turnkey house every other year or every year you'd have 10-20 properties.

I think the struggle you will face with BRRRR and trying to balance a full time job and social life is time. The shortage of time is something that I always struggled with when I was getting started because of how much I worked on my other business and trying to spend as much time with my children as possible.


 I appreciate the honesty.  I value my work, I truly enjoy being there and the process of it.  So in a sense of not having to be there I do not, that being said I enjoy it and typically am there 6am-6:30p sometimes 7.  I do not have kids and social life is my two days off.  I struggle with having a social life other than going to the gym.  It’s weird and has been a struggle to balance a social life, my fitness goals, and learning about real estate.  I’ve found that waking up earlier gets me a head start on the day to take advantage of time but by 9 I’m ready for bed.  It’s a weird balance already and I haven’t even gotten into any properties yet!  I will look into turn key and could really see how this is beneficial to my work/life balance.  Thank you

Post: BRRRR with a 48-54 hour a week Full-Time Career

Kyle WagnerPosted
  • New to Real Estate
  • Moore, OK
  • Posts 10
  • Votes 6
Quote from @Taylor Dasch:

Love this question! My main struggle was that I did a LOT of reading investing books, as well as researching my market. I am a full time Firefighter as well as a Real Estate Agent. I am very comfortable with my market (ARV, competitive offers, and market rents in each area). However once I started getting into investing, I realized that I knew absolutely nothing about rehab costs as well as the time that it would take to actually find a GOOD contractor who was honest and did not try to charge you crazy labor costs, they say to get 3 quotes for each job but what if three quotes are all 75% above market rate for the job. I ended up getting around 5 quotes for my drywall job and ended up getting an amazing job for about a half of the cost of the next highest quote - some contractors will try to rip you off if they think that you are not knowledgeable on what it should cost. With just my last project(since we ended up doing a full rehab), I now have a decent idea of rehab costs.

Also you can do as much research as you want but when you actually start taking action it is completely different IMO, you have to learn to negotiate, how to talk to people, and mainly how to help people/solve their problems. You are on a good path if you are getting in to REI at 25!


 Thank you for the advice!  Very helpful.

Post: BRRRR with a 48-54 hour a week Full-Time Career

Kyle WagnerPosted
  • New to Real Estate
  • Moore, OK
  • Posts 10
  • Votes 6
Quote from @Mike Dymski:

Most of us work demanding jobs and have busy families and real estate portfolios.  When I didn't have kids, it was a piece of cake.  After kids, I just wrote down what's important to me and only spend time on things in line those goals...and nothing else...all day, every day.


 Was one of your biggest struggles starting out when you first started?  How did you overcome it?

Post: BRRRR with a 48-54 hour a week Full-Time Career

Kyle WagnerPosted
  • New to Real Estate
  • Moore, OK
  • Posts 10
  • Votes 6

Good morning!

I am 25 years old, I work a full time career with a great company I plan on retiring with.  With that being said I just wanted to reach out and see what struggles people have came across with and how they overcame these struggles with working a full time job but also being able to manage a social life and being able to manage their own Real Estate goals.  The reason I am wanting to be in real estate is to be able to retire from the company ideally once I've hit my 25 years, to live financially comfortable within my means and to leave something for my family when I am gone.  With this being said things never go as planned, understandably so.

Looking at this I am not a fan of excuses and I am working on managing my time better to create more consistency with time blocking, I know it is possible to do this by working through your people you have put in place, but I am just here to learn from mistakes that other people may have made.  I am looking to build connections with people and learn from anyone I can so feel free to message me or reply to this post, any information or advice is appreciated!

Thank you,

Kyle