Lots of people ask me how much time they need to dedicate to starting their house flipping business…
I want to show you how to flip houses in your spare time while you still have a job.
It’s actually not that difficult and doesn’t take nearly as much time as you might think. Whether you’re wholesaling or rehabbing, you have plenty of time to do it. It’s just a matter of allocating the available hours that you have the right way.
You have spare time in your day (no matter how busy you are), and you’re just not laser targeting your action towards your business.
I started this business when I was 19 and I had a regular job. I learned how to flip houses in my spare time at night and on the weekends. I started implementing what I learned immediately. I had a mentor, but unfortunately, I still fell on my face plenty. I learned how to be a landlord and house flipper with some VERY expensive mistakes.
BUT, I wouldn’t trade what I learned for anything else in the world.
Also, I was in my late teens and early 20s when I was doing this business in my spare time, so I had to make a choice – go out and party and hang out with friends, or get my biz rolling asap. Although I still made time for that fun stuff, I made sure my FIRST priority was my financial independence.
See, it all comes down to priority. If your business comes second to having fun (in your spare time), then you won’t see much results. Luckily, it doesn’t take 5-10 years to build this business to the point where you can quit your job. You just have to keep your priorities straight in your spare time so you can get to your goals asap.
So, now that you’ve committed your spare time to building your biz, you need to prioritize your time carefully. On the nights and weekends, you should be talking to your buyers and sellers. You should be looking at deals. You should be lining up all of your appointments back to back so that you can maximize the limited time that you have.
Most closings happen during normal business hours. No big deal…You set up a closing at 4pm on a Friday afternoon, just give your boss a heads up that you have an appointment and you have to leave a little early. If you’re cashing a $10,000 check, I don’t think you’ll care that you missed the last 2 work hours.
Honestly, EVERY step of this business can be done in someone’s spare time.
If you’re rehabbing and selling, no problem. You can simply make the appointments with your contractors on the weekends and check on their work on some of the weeknights. This truly isn’t rocket science, and that’s why you can take spare hours to do it. Most other traditional businesses require lots more of your time in the beginning and you have to be in a certain location during those times. This isn’t one of them. Remember, this is a busines where you work out of your home, and that’s it. You don’t need to invest in office space or any of that other BS involved in most other businesses. You don’t need to hire employees. It’s just you, hustling on the side….
So many people make the excuse that they work 9-5, so how can they start their biz. I did it. Lots of other people have too. In fact, most successful people started out on the side while they still worked their full time job.
The bottom line is, “how bad do you want it”? If you “kind of want it”, nothing will happen.
People always ask me how many hours per week they should spend getting their real estate business started. I tell them anywhere from 10-15 hours (give or take) of laser focused time per week can start you off on the right track. Obviously, if you dedicate more time, you’ll see faster results. It’s common sense. If you really want to be able to flip houses in your spare time, I suggest you get started TODAY on the first step instead of focusing on how much time you “don’t have” because you’re “too busy”. Saying that you’re too busy means you simply don’t want it bad enough. It’s just a plain fact!
People who want something so bad that they can taste it (if you’re reading this, I’m assuming that’s you), will do whatever it takes to get it done. You must view obstacles as nothing more than small bumps in the road. You can get over those quickly…Can’t you?