Don't Quit Your Day Job? Why Not!
Hello Everyone,
This web-site is GREAT and I have learned so much. Now, here is my question. I hear most people say don't quit your day job to invest in Real Estate until… And, I ask Why? Wait…. Let me clarify, I'm not saying Yes or No either way, its based on everyone particular situation. But I'm just curious as to why that is the consensus when it comes to real estate investing.
To me investing in Real Estate is like a commissioned job (feast or famine). Just like when I worked in the mortgage business; You have to market, hustle, speak to people, get leads, network, find creative ways to get deals by any (legal/lawful) means necessary if you want a check. So, functionally wouldn't it be the same thing?
If you have the Drive, Desire, Passion, and Perseverance without a PLAN B, and you have the lovely people here on Bigger Pockets to shorten that learning curve, and you truly have a school of knowledge and answers right at your fingertips; Why Not quit your job and go for it?
Let's just say for example you make 26k a year, that's roughly around $500.00 a week, after taxes about $350.00 weekly so monthly you bring home $1400.00 per month. And, let's also say your boss was so generous he/she gave you a $0.25 raise for all your hard 40/50 hrs you put in at work.
REALLY, why wouldn't I take the chance and focus on wholesaling or flipping a deal and including in the numbers 3k to 5k or more profit for myself? Wouldn't that be a better investment of my time? (More Bang for the Buck)
Sorry, to be so long winded…..