Wholesale Houses around your 9 to 5 JOBPosted on June 10, 2013 by
We get the question quite often about how you can start a real estate wholesaling business when you already have a 9 to 5 JOB – or any JOB for that matter. Naturally one of the biggest excuses people have about NOT getting into real estate is that they don’t have the time. Most people do have jobs and then they also have family duties to take care of on top of that.
But the fact of the matter is that we as people don’t really want to break out of our comfort zones or work more or work harder if we don’t have to. We might be OK with our normal routine of get up, get ready for work, go to work, come home, eat dinner, watch TV, go to bed – do it all over again the next day. Weekends are for relaxing and house chores. That’s the routine we’ve always had and we are getting by. Maybe we are getting by, but are we getting what we want out of life, and are we on the road to financial freedom? Probably not. So we may need to change some things.
It’s completely feasible to begin your real estate wholesaling business working 10-20 hours a week. We had full time 9 to 5 jobs when we started our wholesaling business. So how do you find the time? Well there are always things you can cut out of your life as well as ways to create more hours in the day. A couple of easy ones to pick out are watching TV and mindless internet surfing (including Facebook). We were as guilty as anyone else before we started with this but we’re pretty sure you can cut out an hour a day of TV or web surfing to dedicate to your business. Another one is wake up an hour earlier to work on things – you could also work an hour later at night – whatever works best for you. Then there are weekends. Of course we don’t want to give up our weekends, but we’re sure you can find 4-6 hours over the weekend to do some work on your business, which is getting motivated seller leads, getting them under contract, and getting them closed. Getting the leads is the most important thing to be doing.
Here are some of the typical things you can do to get started:
- Drive for Dollars on weekends and after work – drive neighborhoods and look for vacant or distressed houses or For Sale By Owner signs. Record those addresses into our phone voice recorder.
- Look up the property info in the County Property Appraiser site and get the owner’s mailing address.
- Write “Yellow Letters” to the owners telling them we were interested in buying their house.
- Set up a Google Voice voicemail system for people to call into and record their info.
- If you have money, but no time you can buy lists, you can also pay direct mail companies to mail for you.
- If you have appointments with sellers, you can schedule them on nights, weekends, or lunch breaks. Same thing for calling sellers back when they leave you messages.
- If you want to do Bandit Signs – you can order them pre-written, or do them yourselves. Put them out very early on Saturday mornings.
- If you want to build websites for your business to attract sellers( we buy houses.com type sites) to get leads off of the internet – that takes minimal time once you have it up and running.
- Go to weekly REIA Meetings or Real Estate Meetups to meet other investors, learn, and build a buyers list. We know this can be hard, but it is important.
- Listen to audio-books and podcasts about Real Estate, Marketing, Sales, Negotiation, Self Improvement on your way to and from work and when you are driving for dollars. This will speed up your education and keep you motivated. Cut out mindless radio.
All of these things can be done on mornings, nights, and weekends and we are confident you can carve out an hour a day during the week and another few more hours on the weekends to do these things and get leads coming in and getting deals closed. Keep up your education, keep networking, and keep busy and things will start to fall into place and then the business starts to get easier. But you gotta get going 1st. You don’t have to get it perfect; you just have to get it going. Good luck and feel free to reach out if you have any questions.