what did you do before investing

I got a question for everybody, what jobs do you guys currently have or if you are a full time investor what did you do before that, I am still a lab assistant, I make $10.60 an hour but I gave notice and my last day of work is the 17th of august then im a full fledged investor, I just wanted to know what everybody does for a living.

Edited: 06/26/2010 at 03:52AM

Account Closed

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Aug 08 '07, 04:19 PM

I come from a software background. Developer and then later management of software departments.

Check my LinkedIn profile if you want to see more.

John Corey

Edited: 06/26/2010 at 03:52AM

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Don Sheppard

Real Estate Investor · Fairfield, CA

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Aug 09 '07, 08:12 PM

Same as flipper.....I was and still am a remodel contractor. Still a newcomer to investing, working on acquiring my second deal right now. Hoping to eventually get to the point that I have at least one rehab going all the time, completing one as another deal is closing....Heck, I'd really like to end up with a couple rehabs going at the same time but slow and steady getting there is also my plan. Besides I'm having an interesting time getting offers accepted so far. Few banks at the moment are even giving me counter offers, and I've yet to get one of those to come down near enough to match the numbers I need to make it work and of course counter offer or not, a rejected offer still means I just increase my original offer and try again until I reach my max.
Meanwhile I keep remodeling/repairing on customer contracts and waiting for an accepted offer to purchase. Even if I get lucky enough to fulfill my hopes of always having a rehab/flip in the works I will have to try to balance that for some of my established clientele, most all of my work is referrals and repeat customers.
Besides, it's a money strategy thing I'm also shooting for. I have a separate (brand new though) S corp for purchase/sales and the contracting business for the repairs.

Edited: 06/26/2010 at 03:52AM

Kyle Gregory

Real Estate Investor · liberty township, OH

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Aug 13 '07, 04:30 AM

while i agree that quitting your day job, especially in todays market, is a NOT a great idea.. I have discovered, after my first purchase, that keeping a day job and trying to make repairs on a fixer upper is quite challenging... which is why i purchased a 2 family that i could afford the mortgage payments on while i was getting it fixed up.... Your job gives you the luxury of being able to fix your house, while fixing others also

Originally posted by "Flipper101"

Louie,

Dont quit your day job, I didnt! I was and still am an established contractor with 25 years experience.

Although I could most likely quit my day job and just focus on investing, I dont think that would be a good idea.

You will find that most folks eased into investing, and quit a few of us do it part time.

My contracting business does go hand in hand with rehabbing though, so it would be crazy for me to quit!

Edited: 06/26/2010 at 03:53AM

Kyle Gregory

Real Estate Investor · liberty township, OH

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Aug 13 '07, 04:33 AM

I work in the aviation business as a dispatcher and my wife works as a nurse practicioner....

Edited: 06/26/2010 at 03:53AM