Maximize Investment

Different Ways to Maximize Investing Efforts While Working a Full-Time Job

You may have reading about real estate investing and dreaming of rolling up your sleeves and getting started on all of those hot properties in the Plano or North Dallas areas. After all, you read that Dallas and surrounding areas like University Park, Southlake and Frisco are all considered some of the best investments for 2017.

Then, just as soon as visions of burgeoning wealth appear, the dream fades and your reality comes crowding in…the full-time job with its commute, the household responsibilities, and maybe even the pressures of family life. Just where, you ask yourself, will I get the time to do any of the work needed to be a success at real estate investing?

Fortunately, we have nine ways you can actually optimize even the smallest investment efforts and all while keeping your proverbial day job.

Use the commute

Most of us drive for a short or even very long period of time as we make our way to work. If you are a commuter on a bus or train, that time can still count towards your shift from full-time worker to liberated real estate investor. How? Simple – use that time to begin learning by listening. Sign up for podcasts, buy books on tape and start using every moment of typical “down time” or frustrating commuting into a beneficial and empowering experience.

Use technology

With the many different technologies that you can access from a phone or mobile device, there is no reason that you cannot easily conduct business during breaks, or throughout the day. Whether it is through the use of VoIP services, mass emailing services, real estate apps, and website technologies, you can put technology to use and still keep up to pace with the 9-5.

VAs

If you already have the wheels turning on your business, it can be amazingly empowering to have a VA or virtual assistant. Often costing substantially less than a traditional assistant, a VA can do everything from real-time phone calls, project management, screening sellers or buyers and more. You can even customize training for them and assign them a diversity of very specialized tasks from website management to social media work.

Marketing

Modern tech makes it easier than ever to get marketing and advertising up and running in a matter of moments. However, real estate investors often have the need for physical advertising, such as direct mailings. You don’t have the time to stuff hundreds of envelopes, but online resources can do it for you. They can create postcards, mailers and more, and even arrange for physical delivery of marketing materials to targeted recipients.

Skip breaks and lunches

If you really want to commit to success, forgo your daily lunch and coffee breaks and use them as time in the “field”. Book anything from showings or visits with sellers to other professional appointments. Few will require more than twenty to thirty minutes, and then you can be back at the grindstone!

Professionals

Outsourcing small tasks to freelance professionals is a major time-saver and allows you to get tasks done at a very affordable cost. For example, a bookkeeper can do everything you need in order to keep things on target, and all you have to do is request a report in order to see expenses, income, taxes and more.

Managers

In line with professionals, you will also want to consider a relationship with property management experts. Whether you are electing to invest in commercial or residential real estate in North Dallas or Plano, you can often find a way to afford the services of a property manager. They can even make your work “hands-free”, allowing you to pursue additional investments.

Teams

If you can, you may want to consider partnering with other real estate investors. They can even compensate for the experience you may not have (and vice versa). The two of you can divide the work, grow your investments and shorten the time until you go from full-time worker to full-time investor.

Contractors

Lastly, contractors and repair experts are a must-have relationship. If you want to maximize your investments, begin them with a team of experts already lined up.

Time, money and energy are not limitless, but you need them to be a success. These tips can help you make the very most of your investing efforts.