Eric Barnett tried flipping rental properties himself and lost money to the time commitment. Now he outsources to real estate professionals, investing capital for passive 15-20% returns while he focuses on his W-2 job and side businesses where he has an edge.
Let the professionals do it. I can do my W-2. We can work on a couple side businesses that we have that we have an advantage on to run and do better on the return on our time. And then if I want to do other side things, why not focus more on the things that I do for work and do more jobs that my skills would fall into where it's a better ROI on my time? Because I've tried to go the active route. I thought I was going to figure it out and start buying 10 to 20 unit, 30 units, I couldn't make them pencil. I was like, "This is a pain in the butt. I don't really have the time to do all this." And I kind of learned I don't really want to. Whenever I can let the people that do want to and want to get out there and hustle and knock on doors all day and cold call and this and that, let them do it, give them my money, get my 15%, 20% return, and everyone's happy. That's kind of my philosophy because I can make more Um, starting a different business.
