How To Make 20k Per Month With 5 hours Of Work Per Week

In today's video, you're going to learn how to how to make 20k per month as a real estate investor with 5 hours of work per week!

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How to make $20K per month with 5 hours of work per week. It all comes down to systems. I know I talk about this a lot, but systems are the heart of any business. If you don’t have systems in place, it means that you have to do all the work yourself. Or, you have to hand it to somebody and they don’t know what they need to do. Because you can’t really hand over a business to somebody else unless they know what to do. You can’t automate a business unless you know what to do.

So you learn the business, you do the process yourself, and then you systematize it. Take McDonald’s for example. Everything from the accounting to how to flip a burger, to how to wash the floors in the bathroom. Everything is broken down to the finest detail. And that’s what we’ve tried to do with the Automarketer. And what I’ve tried to do with my business. And I built the Automarketer around my own business so that I could use it for my own business and make sure that I was systematized, so it did the things that we needed in our business. And by doing that, I knew that I could also accomplish that for you as well.

So, by having a system like this, it allows me to work less than 5 hours a week on my real estate business. It’s probably substantially less than that, probably around 2 hours a week on my real estate business. I put very little effort into my real estate business now. Now, the thing that I spend my time on is a lot of the other businesses that are related to the real estate business to make sure that they’re moving. And I try to expand my businesses. But my main core real estate business doesn’t take much of my time at all anymore. And I still am doing deals every month. I’m still flipping properties, I’m still buying properties for my portfolio. We’re still managing the properties. All those things happen without my personal input.

What I do every two weeks when we go through all the bills, I’ll sit down with my bookkeeper and we go through all the bills, I look at our numbers, she pulls up P&L sheets, I look at the sheet of, you know, how much money we made in this quarter versus how much we did the year before so I always know how we compare with where we’ve been in the past, if we’re growing, if we’re declining.

So that makes it possible for us to know exactly what’s going on in my business at any particular time without me putting very much effort into it at all. So, you want to build systems and you want to figure out what you’re doing and then you want to figure out the step by step of that, the easiest possible path to get it done, and then you want to have somebody else do it. Whether it’s an automated system doing it for you, or whether it’s a person doing it for you, it doesn’t matter. And then you also want to find all the junk that is not important and throw that out.

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[HjCrawford]

Joe, I've watched every video you've posted.
I've studied this so much it's just ridiculous.
As scared as I am, I am ready to purchase the automarketer.
I am located in Missoula, Montana, so my market is smaller than most.
Any tips or advice you may have for me?
I want to focus on the for rent method, subject to's, and will also do any others that I can get, but I am scared!
I need this so bad, I truly want this!
Thank you so much for all you do for us!!!

[zachaazakah]

Joe I live in Indianapolis, In and I am going to taking classes to get my realtor license in November. Are you in the Indianapolis area to be my mentor when I’m done with training?

[dlomack]

Is it wrong to ask the seller things likes: How much do you owe or the condition of property?

[hockeycoachdoug]

Joe- What "standardized campaigns" come as part of the automarketer software? When you say create systems I assume you have a system, or campaign for most every common activity in this business. Do you provide these "turnkey" systems and campaigns as part of the automarketer software. Thanks in advance

[Freddusya]

by working 20hrs a day in the beginning

[dlomack]

What percent is best when negotiating lease option fee or terms on land contract. Is it 5% all around

[edmandell]

Joe I'm currently working with real estate agents to find me deals. I'm a wholesaler. Any tips in this lower inventory market?

[roundedges]

Can always tell a burger was improperly flipped. Its all in the wrist.