Every inexperienced investor believes they need to work hard and save up to put money down for an investment property.

I’m happy to break it to you — this is not true.

I have bought more properties without a job than when I had a job.

Let’s be clear on one thing though: I am not throwing shade on those who have a job. In fact, I am about to start another 9-5 job very soon. Huh? Yes. Read on.

For the last 5 years, I was working over 70 hours per week, but only paid for about 54. How does that work?

Most people (especially employers) only count the hours they pay you as the hours you “worked”. However, the job usually takes up much more of your time than what you’re paid to do.

Most people wake up or start getting ready for work at least 1 hour before they start getting paid, and they often get home 1 hour after they finish getting paid (especially managers!). And most employees are not paid to eat lunch or take breaks during the day.

So in reality, our jobs take up much more of our day than we get paid for, and that time is invaluable when you’re trying to pursue other passions like real estate.

Do the math: there are 120 hours in a Mon-Fri work week. If someone sleeps 8 hours per night and works 40 hours/week (37.5hr if you take away lunch breaks), that leaves 42.50hr/week “free”. So how and why is everyone so tired and burnt out if there is that much “free” time each week over and above of weekends?

It’s due to the extra hours we put in around our jobs that secretly steal our time away from us.

So in those 5 years that I spent over 70 hours per week tending to my managerial job, I had very little time or energy to for anything else other than my marriage, and physical and mental health.

When I resigned from that position in October of 2021, I was offered a different career that would provide me with a little more flexibility and a better work-life balance. This would provide me with more income, more opportunities and more free time to pursue my interests in real estate. All I had to do was wait for a new work permit to come through.

So I suddenly found myself with a LOT more free time…when I wasn’t helping out more around the house with cleaning, dishes and meal prep 🙂

I used this time to figure myself out. I learned what I wanted to do. I set goals. I immersed myself in the real estate world where I’ve wanted to be for so long.

It took 4 months from the day I started building my personal brand on IG to closing the purchase of 3 vacation rental condos in Turks and Caicos. Two months of that was the closing period where due diligence and financing were sorted out.

I built up a small social media following. I posted content about Turks and Caicos relating to real estate. I educated people on what it’s like to invest in this country. I followed people who were doing similar things.

Someone soon reached out to me and said “tell me more”. We had a zoom call and 2 days later she said “I want to invest there – let’s do this!”. Two days after that, she told me she had another friend who was IN as well. An offer went in that same week. It was accepted, and 2 months later they came down with their families to celebrate the closing of our new investment.

This would simply not have happened if I was working over 70hr/week at a job. I would not have had the time to spend on IG creating content and building relationships with other investors.

I’m not suggesting you quit your job and do what I did. Remember, I was forced into this position while I wait for a new work permit. I will be entering the 9-5 world again soon, but I wanted to show you what can happen when you have more time freedom to focus on what really makes you happy.

The irony of all of this is that the income we will earn from those 3 condos will nearly replace my new 9-5 income and already surpasses the previous income!

Continue to follow along my journey on IG @palm.tree.life and if you want to be part of our next deal, go to the contact page and send me a message.

You can also sign up for my newsletter where I share information (~ once per month) about Turks and Caicos and the real estate market here, including potential investment opportunities.

See you in paradise!

MP