Four tips to get started in Property Investing without quitting your day job – yet

Over the last five years, we've taught over 2000 people how to get started with property investing.? And one thing most of these people had in common was they had some form of employment; from full-time to part-time employed, or running their own non-property-related business.

And the reality is, if you want to be successful in property investing and you're currently juggling some form of other employment, some other distraction, then you're going to have to be smart in the way that you approach things in order to give you the best chance of success.

So, we’re going to give you four top tips to keep you focused, keep you driven, keep you motivated, and give you the best chance of successfully starting your property journey.

1. Time Management

Our first tip for succeeding with property investing is that you must be realistic in terms of your time.

As well as your skillset, your area, your ability to do certain things like refurbishment management, viewings, vendor negotiation etc because if you bite off more than you can chew, you’ll struggle to keep the consistency.? And when it comes to property investing, consistency is key.

There's a lot of people that get started in property investing, they dabble, make false starts, and then fall by the wayside as they lost momentum.? And more often than not, it's because employment, family life or whatever it is, takes over.

Maybe they didn't have the right plan, the right motivation, the right focus, so they lose momentum, don't get the results that they want and “fall off the wagon.”

This is why you need to be really realistic about how much time and energy you have to commit to this property journey, because that will help you gather momentum, get to the revenue that you need to leave work, or whatever it is that you're doing, allowing you to commit to this, more and more. So, when you are in a place to go full time, you're already financially secure and in a great confident position for moving forward.

How much time do you really have?

The beauty of property is that you can do in it an hour a week, 5 hours a week or commit to it full time.

But it’s what you achieve in that time is what's important to make sure you're doing

the right things, the most effective things, the things that are going to give you the best chance of that momentum.

Start by mapping out a timetable of what you currently do and the commitments you have.

• Use a spreadsheet, a calendar, or Google calendar.
• Break each day into half-hour blocks
• Make a note of anything that you are currently committed to.?

Things like commuting, your current work, family time, kids, clubs, sports, hobbies, literally everything that takes up your time on a daily basis, mark it down on your calendar.

By doing this whole process, it's going to give you a much clearer idea as to how much time you've got to commit to property.

2. Task management.

There are certain tasks that you do in property that takes time, and some are going to have a bigger impact on the results than others, especially when you've got limited time available.

If you're working full time, viewing ten properties a day, every single day of the week for the next three months is unachievable.??

However, by creating a strategy, having a very clear path around what it is you're looking for, the property types, the agents that have got them on, and then making fewer viewings but viewing the right properties for you; is a much smarter use of that time.

There are other tasks that you can leverage, such as direct mail campaigns, Facebook Ads, Pay per click advertising.? All these lead generation campaigns can be automated so they’re being sent out while you're working.

Then you can allocate some time on a daily basis every other day, ringing those people back, having those conversations and making those offers.?

So, by knowing how much time you've got available, then identifying the key tasks that you can do, is going to give you that head start over what other people are doing.

3. Slow and steady wins the race.

If you come out of the blocks too fast, you risk becoming overwhelmed.

And that means you’ll lose confidence, lose consistency, lose motivation, which will lead to things like shiny penny syndrome, distraction, or simply going back into your daily routine, forgetting about your property investing.

You might even revisit it a few months later when the reality of why you were doing it in the first-place sets in. And then start the whole process again.

Which is why we say, slow & steady wins the race and;

• Identify the little tasks.
• Keep taking little steps forward.
• Do those viewings
• Analyse those deals
• Make those offers?

Taking those little slow, steady steps, will help you progress forward towards the goals that you want to achieve. And then, you will be in a great place, with a solid foundation to build that property business for the future.

4. Goals setting

And last, but not least, it's about goals.?

It’s about goal setting and remembering why and what it is that you are doing this for.

It could be to get out of work, to leave employment, to have lifestyle freedom or financial freedom.

But some people want the enjoyment that property business building can bring, but they don't put a tangible goal with it.??

And by this, we mean writing down that one big goal; and that future goal of what their lifestyle is going to look like when they hit that goal.? What they’re doing daily, maybe they’re at a beach or going around property projects.

You're all going to have a very different vision of what the future might hold. And the way to achieve that vision is by having multiple goals spread out over the next one, three and five years.

Slow & steady wins the race.?

Remember Tip number Three, slow and steady wins the race? You need to break that big goal down into mini-goals, this will enable you to celebrate your wins every step of the way.

It’s these mini-goals that will keep you moving forwards towards that big goal, which could be that lifestyle and financial freedom that you want and if you don’t write those goals down, if you don’t plan them out, and break them down, you won’t achieve much, you’ll feel like you're not moving forward, you’ll experience a lack of momentum, you won’t be able to celebrate those wins.? And you’ll become distracted, moving further away from your one big goal.

And finally…

Hopefully, this article has helped and motivated you to put together a plan for getting out of your current employment, out of self-employment, out of part time employment, and to turn your property business dream into a reality.

These four tips will keep you focused, driven, motivated, and give you the best chance of successfully starting your property journey;

1. Time Management
2. Task Management
3. Slow & Steady Wins the Race
4. Goal Setting

And by implementing them, you’ll be putting yourself ahead of the majority of people that do get started in property.? But remember - consistency is key.? Those small steps, those goals, the ability to manage your time properly and effectively is going to give you the best chance of results.