Wondering how to boost your investing game while you work a full-time job? Curious if efforts spent on part time real estate investing will help you see the career gains you desire? Looking to get a crash course on “real estate investing for beginners” while you get a paycheck from somebody else?
There are many ways to increase your productivity and boost your career, without quitting your day job. They include working with a partner – as long as that partner has complimentary skills to you — using technology and automation properly, using your downtime to build up your investing knowledge, and focusing in on the tasks that deliver real value to your business.
Here are four tips for giving your investing career a full-time boost, even if you’ve only got the hours to spare for a part time real estate investing effort.
The Basics of Investing on a Part-Time Basis
Though working with a partner is not ideal for every single first time investor, there are numerous advantages to working within a real estate investing partnership, especially when starting out.
For one, there’s the simple division of labor; two people putting in extra hours – when they’re off the clock – can usually propel a business farther, and faster, than it would otherwise under a single owner.
There’s also the benefit of expertise, especially if you’ve chosen a partner who has a different skill set and personality than you do. For example, you might have a profound grasp of how to buy an investment property from a distressed seller and make sure the numbers pan out. But perhaps marketing and office systems isn’t your strength. Then you’d want to find a partner who can complement you, as an investor, in different and multi-faceted ways.
And perhaps one of the biggest benefits of all when working with a partner, is the extra bit of motivation you’ll get knowing that someone else is depending on you. (A key factor when the hours get long and you’re trying to juggle a full-time career with your new venture.)