Trying to investing in real estate while holding a full time job is tough – but trying to flip houses can be even tougher. From dealing with contractors to finding money to getting the deals in the first place – flipping often feels like a full time job in itself. Luckily, today we talk with someone who is doing all those things while working a demanding day job – and finding great success at it. Michael Woodward sits down with us today to show us the systems he uses to balance both his house flipping with the rest of his life – all while maintaining a full time job. Whether you are a flipper, wholesaler, or Buy and Hold investor – you don’t want to miss this great interview on systemizing your business.
Read the transcript for episode 44 with Michael Woodward here.
In This Show, We CoverWhy Michael quit his job – but ended up going back into a full time job againWhen’s the right time to quit your job?Failure – when it’s necessaryLearning the tough lessons about doing your own workOne trick to help you find the very best contractorsWhat’s the “Ideal Flip?”Why Michael fully furnishes all his propertiesDealing with troublesome neighborsHow Michael is funding his flipsManaging a flip while working a full time jobThe List System that helps Michael know what comes next in a flipThe best place to buy appliancesand a lot moreLinks from the ShowBiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian BurkeDropbox.com8 Reasons Why Having A Day Job And Investing In Real Estate Is Awesome!Books Mentioned in the ShowThe Millionaire Real Estate Investor by Gary KellerThe 4 Hour Workweek by Tim FerrissThe E-Myth Revisited by Michael GerberTweetable TopicsThe nice thing about BiggerPockets is the ability to share what we know. (Tweet This!)If you’re going to go big you’re going to have to fail somewhere. (Tweet This!)You can talk yourself into any deal. It doesn’t make it right. (Tweet This!)The only way to invest in real estate while holding a job is to have systems. (Tweet This!)Connect with MichaelMichael’s BiggerPockets Profile