I think a great number of Real Estate Investors discount the amount of time and energy they personally put into each deal.  You see as investors we tend to have the frugal mentality of why pay someone for something I can do?  But what we fail to realize is the fact that we spend too much or our time doing the things that we should hire out and spend more time doing what we are good at, finding and putting deals together.  When I first started out I had the buy, fix, rent and manage mentality and I wore all those hats.  What I failed to realize in my youth was that I was good at rehabbing homes but I was better at finding homes and putting the deals together.  The amount of time I spent working on the houses would have been better spent doing what I do best.

I often tell my wife, I know what I am good at and what I am not good at!  As a licensed builder, I still find myself doing small tasks, not for the money savings but more so for the convenience.  When people ask me if I did the work on a particular home, I simply raise my hands and say, “With these hands, I wrote the check to pay the contractors!”

Happy Investing.

Chris Yatooma, President