Can I Invest In Real Estate Part Time And Succeed?
Real estate investment expert, Joe Crump, teaches zero down investing techniques.
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Read Transcript for “Can I Invest In Real Estate Part Time And Succeed?”
It is possible to invest in real estate part time and it doesn’t take long to succeed in this business if you know how. Let me explain how to do it.
“How much time will I need per week to start my real estate business and can I do it part time?”
Joe: The answer is absolutely yes; you can do it part time. You can do this in eight to ten hours a week and still be successful within a fairly short period of time. If you have more time, the more time you put into it, the quicker you’ll be successful with it.
Joe: But my feeling is, don’t quit your day job – make sure you have a stable income, make sure you can support your family and pay your rent while you’re doing this. There’s no reason to quit all of those things. You can do this part time. You can make the call backs to the people, put the deals together, find the buyers and the sellers and put all of this process into place and put these deals together and make them happen in a very short period of time.
Joe: What you’re going to find is that in a very short period of time when your deals start happening, you’re going to make more in that eight to ten hours a week that you’re working than you make in your 40 hour a week job. That’s when things start to get exciting, and at that point, you can decide whether or not you want to keep your job or not.
Joe: So yes, you can do it part time and you don’t need a lot of time to do it. I also tell people, ‘Give yourself time to make this thing happen.’ I see in my group what I call ‘The Five Week Burn’ – after about five weeks, people get frustrated and they think, ‘Oh man, I’m not going to succeed at this. I’ve already made three offers on properties and nobody’s accepted them,’ and they get discouraged.
Joe: There’s no reason for that to happen. You have to pay attention to what you’re doing and realize that there’s a learning curve on this process. Now, I have people that put their first deal together in 7, 8, or 9 days and they’re making thousands of dollars in a very short period of time, but on average, I tell everybody, ‘Give yourself three to four months before you can expect to make your first money back.’
Joe: I have some people that never make any money at all and that’s because they’re not doing the work. If you follow through with the process that I teach, then you’re going to make money in this business and you’re going to learn so much about the business that it’s going to change your life. Thanks a lot.