• While adjusting to life without a boss or time sheets can be trying, there are ways to make the transition easier.

How do you view your career in real estate? The answer to that question could determine your success in the industry.

By discussing a client who left his steady job to invest in real estate full time, Chris Haddon and Jason Balin explore the differences between treating real estate like a job versus treating it like a business.

If you’re a W2 employee who’s ready to dive into the volatile, exciting and profitable world of real estate investing, remember to leave all previous notions of work at the door, because you’re in for a whirlwind of change.

Some former employees have trouble adjusting to life without a boss, directions or orders; newfound freedom can be hard to navigate, and it’s sometimes difficult to stop measuring your work in hours, but life as an entrepreneur requires a completely different approach.

Haddon and Balin recommend taking a personality test to determine your strengths. Other tips include having someone on your team that will help keep you accountable and never ignoring phone calls from potential sellers calling in response to your direct mail campaigns.

Set goals and stick to them. Stop embracing that eight-to-five mindset, and get used to the idea that you no longer have a job — you have a business.

Chris Haddon is an entrepreneur based in Washington, D.C., a partner at Hard Money Bankers and a co-founder of REI360.net.

Email Chris Haddon.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription