A Day In The Life of a Real Estate Investor

10 Dec

Posted By: Sean Terry | December 11, 2008

What Does a Full Time Real Estate Investors Day Look Like?

Compass2I want to give you all a glimpse of what an average day for me consists of.  I read Donald Trumps book the Art of The Deal and the first chapter is a “Week in the Life”.  I found this interesting and fun to read.  I hope you you enjoy…

6:30 A.M. – Get up and get a fresh cup of coffee (this is a must) then spend 45 minutes to an hour reflecting on the day ahead.  This always clears my mind and allows me to start the day fresh with energy and focus.

7:30 A.M. to 8:45 A.M. – I help my wife get the kids ready for school, we have 2 daughters, 5 and 10 they are great kids and so full of life. I love ‘em. 

9:00 A.M. – I pull off all the title commitments from my e-mail, we are buying several houses a week and we mainly purchase these homes at the Maricopa County Court House where they hold auctions form 10 A.M. to roughly 6 P.M. We have to determine 3 things prior to bidding. 1. We have to see if there are any liens or mortgages that will “stick” to the property after the auction is held.  What can stick? Well, IRS liens, tax liens, unpaid taxes just to name a few. 2. We have to make REAL sure we are bidding on the 1st deed of trust.  3. We have to determine the value.  (I will do a separate post letting you know how to determine a value of a property within $5K-$7K range, after you read this post you will get how to comp a property……stay tuned).

9:30 A.M. – I’m out the door and off to drive the properties that made the cut.  We usually find 8–10 houses a night off our initial scan of the properties the night before.  We make sure we drive every property we bid on to ensure that it’s still standing.

10 A.M. – Text bids to our guy that works for us at the court house.  He will bid no more than we text him.  Here is what a text would look like: “Hey John, please bid $107,700 for property XXX W Gail Rd.  Thanks Sean” 

10 A.M to 11 A.M – Still driving properties, auctions go on all day so we want to make sure we see all the potential good deals.

12 P.M – Meeting with our partners regarding one of our land projects we are working on.  We own roughly $30 million dollars worth of in-fill residential, multi-family and commercial land ranging from 10 acres to 138 acres.  These properties are fully entitled and we are waiting for the market to stabilize before we sell. 

1:30 P.M. – Grab a quick bite to eat and I’m off to a presentation to a group of realtors that are interested in our Fortress Investor  program where we sell cash flow properties to investors for only $7,500 total out of pocket.  We are doing a presentation to launch our owner occupied program here locally in Arizona.  That site is www.LowDownHome.com, with this program a home buyer will be able to buy a fully renovated home for only 1% total out of pocket.

3:45 P.M. – I am off to meet with our contractor, we are almost completed on a renovation of an investment home we are selingl to a gentleman out of  California.  I had to write a list of the final items that needs to be completed prior to having the home inspector do his inspection and the cleaning crew coming.  I’m not to happy because he is 2 days behind schedule and we have another house ready to go. 

4:30 P.M. – Now I’m headed to a Starbucks to meet our handy man who takes care of all our small jobs, he has several invoices that needs to be paid and I need to write him a check.  We own 50+ rental properties and it’s more cost effective to have an in house office manager and handy man.

5:15 P.M to 6:15 P.M. – Work out at the country club and catch up on CNBC on the TV’s that are attached to the tread mills.  I really don’t like the news, it’s so depressing and negative and I really don’t care for it.  I like the facts and not the drama.

6:30 P.M. – Pick up my daughter from Tennis and head for home, as soon as I get home I’m done for a couple hours, I like to spend some quality time with my wife and kids.  We have a beach house in Dana Point California, it’s absolutely beautiful and a great place to relax and play with the kids and take some R&R.

ShowImage.aspx (1) 9:30 P.M – Kids in bed and off the work.  I usually get between 80 to 120+ e-mails a day so, I try to get back to everyone and handle any other business that needs attention. 

10:30 P.M. – Check the Notice of Trustee Sales list for the auction properties scheduled for tomorrow and pick out the potential winners.

11:30 P.M – Update all of our Google Adwords Campaigns and tweak the ads and bid amounts.

12 P.M to 1 P.M. – Write a post for this blog and check on comments. I don’t write a post every night of course but we intend to keep it fresh.

Well, thats it…Oh yeah, I forgot to tell you I also received roughly 50+ phone calls in the middle of all this.

I have to tell you, I LOVE what I do. It doesn’t seem like work!  It’s a blast and we believe we are doing a service to our State and Nation buy buying these house that nobody else wants and remodeling them to become the best house in the neighborhood and then selling it to investors like yourself that will get a fully renovated property, with a tenant in place and 25% guaranteed instant equity.  It’s truly a Win-Win.

If you would like to learn more about our program, please visit www.FortressInvestor.com

Happy Investing!

Tags: real+estae+investor, a+day+in+a+life+of+a+real+estate+investor, , real+estate+investor+day
Please Spread The Word:
  • Digg
  • StumbleUpon
  • Reddit
  • Yahoo! Buzz
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • LinkedIn
  • Technorati
  • Twitter
If you enjoyed this post, make sure you subscribe to my RSS feed!

Related posts:

  1. Getting Mentally Prepared to Become a Successful Real Estate Investor In this series we are looking at How to Go...
  2. Top 14 Real Estate Investor Tools Real Estate Investor Tools You Need Before You Get Started...

11 Responses to “A Day In The Life of a Real Estate Investor”

  1. reviews 18. Dec, 2008 at 2:09 pm #

    Please let me know if there are any equally great sites like this you can recommend to me. Thanks Again

  2. Sean Terry 18. Dec, 2008 at 2:39 pm #

    Thanks for the nice comments, check out the Blogroll to find some of our favorite sites.

  3. guide 30. Dec, 2008 at 2:01 pm #

    This is one super duper site

  4. Kiel 08. Jan, 2009 at 5:57 am #

    It amazes me, I've been wholesaling for almost a year (passively) and currently have a Duplex with $400. CF and almost 50% equity. I think lack of reputation is why investors may not believe us when we come across such great deals. It is also interesting to see the prejudices we face as my partner and I are in our mid 20s. Nonetheless, we are still trying.

  5. Sean Terry 09. Jan, 2009 at 9:28 pm #

    Your in the right business Kiel, keep up the hard work. I am confident that if you keep your head down and bust your but for the next 18 months you could make alto of money. Don’t let your age get in the way, just know everything you can about real estate investing and you will astonish people with your knowledge.

  6. GTS 18. Apr, 2009 at 8:04 pm #

    Thanks for sharing. How were you effected during the current economic crisis? Are you struggling to make it work or is it a great time to be a real estate investor?

  7. Sean Terry 20. Apr, 2009 at 4:44 pm #

    Hello GTS, thanks for the comment. 2008 was a rough year for real estate investors, the market dropped 30%-40% here in Phoenix and the lending environment was ugly. Fortunately we have a unique enough business model at FortressInvestor.com that we were able to weather the storm. Now that the market has changed for the better, its been a lot easier to buy and flip properties and yes I would say that now is a great time to be a real estate investor.

    Thanks Sean

  8. Warren Car Insurance 21. Jun, 2010 at 3:49 am #

    hi fabulous little web-site ya have here :-) I apply the very same theme on my website yet somehow for whatever nutty factor it appears to stream easier on yours despite the fact that yours contains a little more material. Have you been getting some plugins or widgets which speed it up? Do you think you could share the titles so I might use them in my personal blog so twilight eclipse followers could watch twilight eclipse online trailers and clips quicker I’d be thankful – kudos in advance

  9. austin computer 09. Jun, 2011 at 12:12 pm #

    Witty! I’m bookmarking you site for future use.

  10. cover letter 28. Jul, 2011 at 6:59 pm #

    A Day In The Life of a Real Estate Investor | Dealmakers Blog – Ramblings of a Real Estate Mogul Fantastic goods from you, man. I have understand your stuff previous to and you are just too fantastic. I really like what you have acquired here, really like what you’re stating and the way in which you say it. You make it enjoyable and you still care for to keep it wise. I cant wait to read far more A Day In The Life of a Real Estate Investor | Dealmakers Blog – Ramblings of a Real Estate Mogul again from you. Thanks For Share .