When I asked how I find the time/energy to juggle my varied obligations or when I bother to sleep, I simply explain that when you have something you LOVE in your life the inevitable hard days are worth it. I found my life line at the barn and in the saddle. Although the time I spend riding has waxed and waned over the years, I always return to this one thing that nourishes the best parts of me. So, I decided to ask my friends where they found their life line and how they kept going.
Meet Elizabeth:
I am a proud military wife, kitty mom, and a lover of business and finance.
What are you passionate about?
My passion is to buy houses. We buy both houses that we live in and later turn into rentals and houses that are immediate rentals. I love the fact that it is a portable career and something that I can manage anywhere we go. It is also something I can do on my own schedule and while thing always happen at the worst moments; it is flexible.
How did you get started with it?
What are the challenges to pursuing your passion?
My hobby is not cheap. While personal properties are only 0% down (VA loan) to 5% conventional, to fulfill my dream we are building quicker than we can buy personal properties . Therefore we are buying investments with 20-25% down. While it does create a passive income that is building over time as we increase our house number and interest rates increase, it still has significant start up costs.
How does it benefit you and your family?
The cash flow after expenses is amazing plus the fact that someone else is paying down our mortgage while giving us “place holders” in the market should we ever need to move back to the area. Therefore we are able to take advantage of any appreciation. I also love being able to work in a field I love while being able to work around my family’s schedule. This is my “sweat” equity I can contribute toward my family while still doing all my other obligations.
How has “adult life” and your other obligations affected how you pursue your interest?
Since my hobby is so expensive I work full time in my career to fund my “love”. My full time job is demanding and a lot of work. It doesn’t help that I am not a morning person and half of my rentals are on the east coast so there is a 3 hour time difference. Balancing a full time career job, soon to be 7 rentals, and my blog, has had its moments
What keeps you going when it feels like you have too much on your plate?
What are your tips for someone with the same interests who isn’t sure if they can balance their obligations with pursuing their passion?
Tell me about your favorite life hack/organization tip/secret for success?
My key has been being a planner while being flexible. Since we have such short periods I have had plans for as many contingencies as possible. This allows me to be able to hit the grond running in such a short period of time. I have also learned to be very flexible and think outside of the box. As much as I hate the saying ” you’ll figure it out” it is very true. I am a huge believer if there is a will there is a way.
What are your goals for your hobby/business?
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