Do You Have Enough Time To Earn $2,000 Per Hour?
I wanted to drop in and explain something that we hear a lot:
“I don’t have enough time to do a property development project.”
If this is you, keep reading..
Below is a breakdown of the hours it will take each week on average over a project, and where you can find these hours in your schedule.
Firstly, I want to let you in on an analysis I did recently of the time spent on a four-townhouse project. In this case the townhouses sold for an average of $820,000 each. I did this same analysis on another project three years ago and the numbers this time were consistent with the previous result. We log our time on projects, so it is not hard to work out.
See the table below.
Based on the total profit of $546,000 and the time spent of 219 hours the amount earned per hour is $546,000 / 219 = $2,490.
Let’s say you’re 20% slower than I am, and it takes you 263 hours. So, 263 hours over 2 years equals 2.5 hours per week average. Dividing the profit of $546,000 by the 263 hours worked and you have a rate of $2,076 per hour.
Even if you have little or no money of your own, you could use one of the creative finance strategies we teach and make $1,000 per hour.
So, do you have 2.5 hours per week to spare?
– Could you wake up 30 minutes earlier for 5 days of the week?
– Could you stop scrolling on your phone for 2.5 hours or watch TV for 2.5 hours less?
– Could you even spend more than 2.5 hours per week and get results faster?
I don’t know about you, but with an hourly rate of over $2,000 I would (and did) move a lot of my less effective and profitable time to Property Development.
I encourage you to stop what you’re doing, take 5 minutes and take a birds’ eye view of your life.
Ask yourself these 2 questions:
– Where is it that you want to go?
– How are you going to get there?
If successfully completing a property development project is on your radar, then education is what you need. We invite you to join us at our upcoming 3-day workshop.
**By attending our online workshop this May, you’re also eligible for our Gold Coast event in November!**
Or, if you know you can find the 2.5 hours average per week and want to get started right now on your Property Development journey, look at how we can help!
I look forward to seeing many of you soon.
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