We talk a lot about what it takes to build a fully functioning real estate business — how to generate leads, close deals, and dominate your market.
But what if you just want a piece of the pie?
What if you don’t care all that much about building a big REI business with employees and policies… and you really just want to build a one-man-show business that supports you and the family?
What if you just care about making enough money, working less, and spending more time on things that matter?
Is that even possible?
Yes! It definitely is.
In fact, a lot of our members own small real estate investing businesses that make six figures a year, have only one or two employees, and are sort of half-automated (they still require the owner’s attention, but to a degree that is easily sustainable).
How do they do it?
That’s what we’re going to talk about!
1. Determine Your Goal
The first thing every real estate investor should do before building their business is to determine why they’re building a business.
Since you’re reading this article, I’m going to assume that you’re building a business because you want to make plenty of money (but probably not millions) and you want to spend more time doing things that you love.
Basically, you want to support yourself and your family without working 12-hour days.
So the next question is, how much money do you want to make?
It’s entirely possible to make well over six figures as a one-man-show real estate investor, but it helps to have a number in mind — what’s yours?
2. Identify Your Tasks
What actual business tasks are you okay with doing on a daily or weekly basis?
Since you’re going the one-man-show route, you’re going to have to be a little more involved than someone who’s built a near-to-fully automated investing business.
But that doesn’t mean you have to do everything.
(In fact, I still recommend hiring a virtual assistant and maybe even an Acquisitions Manager)
So what tasks are you okay with tackling day-in and day-out for the long-term? Do you want to speak with buyers? Create marketing campaigns? Talk to sellers? Something else?
Ideally, the things you commit to doing are things that you semi-enjoy… otherwise, you’re going to get burnt out.
(If you don’t enjoy something, find a way to automate it or delegate it)
3. Sign Up For Call Porter
Call Porter is the service we created (myself and my brother, Ryan Dossey, who’s a real estate investor!) so that real estate entrepreneurs like yourself can maintain lead-flow and deal closings without answering the phone every time it rings.
As you know, answering the phone takes a lot of time.
Why not let our expert, U.S.-based sales reps answer the phone for you? We train them specifically for talking to motivated sellers and they can get mission-critical info and then schedule a follow-up call with you or your acquisitions manager (they’ll even add it right to your calendar!).
You generate the leads… and we’ll answer the phone when it rings. Take a free demo over here!
4. Hire a Virtual Assistant
I know you want to mostly build a one-man-show business, but hiring a Virtual Assistant can be really helpful for managing tedious tasks (marketing, email, contacts, etc) without the commitment of hiring a full-time employee.
You can find some awesome virtual assistants on UpWork. Just post your job, watch applications flood in, and check the reviews before you hire someone!
Your business might not technically be a one-man-show after you’ve hired a Virtual Assistant… but it’s going be a whole lot easier to manage.