How to Transition From 9-to-5 to Full-Time House Flipper
Quitting your full-time 9-to-5 job in exchange for becoming your own boss sounds pretty glamorous, doesn’t it? While the road to entrepreneurship is appealing to many people, it certainly isn’t for the faint of heart. I’ve seen many people who want to become house flippers, but the uncertainty of it all is so frightening that they decide to hold onto the security of their 9-to-5s instead. Pursuing a career in real estate investing can be stressful at times and it often comes with a lot of unpredictability. But if you have a dream to take the road less traveled, why should you let fear get in your way?
Tarek and I took our first step towards entrepreneurship back in 2008, and we’ve never looked back since. At the time, we both needed a change, and quitting our jobs to pursue house flipping was the perfect opportunity for us. While trading in our current lifestyle was a bit scary, we are so glad that we decided to follow the path towards financial freedom.
While quitting your job will require quite the adjustment, there’s no doubt about it, the transition will be a bit easier if you follow my advice. Tarek and I were both in your shoes once, so we know how hard taking that first step can be. But I promise if you stick with it, it is so worth it in the end!
Don’t Quit Your Day Job…Yet
I hate to break it to you, but going cold turkey is one of the worst things you can do in relation to your desk job. The truth is, when you are just starting out in house flipping you certainly won’t be raking in the Benjamin’s by any means. Your first few flips are going to be a learning process, and chances are, you’ll make quite a few mistakes along the way. While you probably won’t make a huge profit off of your first flip or your second, if you are willing to push through you’ll be able to earn enough to say “sayonara” to the 9-to-5 grind!
I know it can be hard to swallow at first, but holding onto your day job just until you have a couple of profitable projects under your belt will give you an extra financial cushion just in-case.
Become a Morning Person, Or At Least Try
Most real estate entrepreneurs, or any entrepreneurs for that matter, know the importance of seizing the day. Real estate investing is hard work and if you sleep half your morning away, you are wasting precious time that you could otherwise be spending on building up your business. Set a goal to wake up at 7:00 every morning, or earlier, and use those early hours before heading to the office to develop your house flipping business.
Learn Everything You Can About Flipping Houses
As with any other career, you need to acquire some knowledge before you get started. While you don’t necessarily have to go to college for four years to become a real estate investor, you do need to know a bit about how house flipping works. The transition phase from your full-time job to becoming a real estate investor is the perfect time for you to gain some insight into the real estate investing world.
Whether you decide to attend workshops, read books and blogs, listen to podcasts, watch videos or chat with mentors, taking the time to learn about real estate investing now will help you become more successful as you take on a house flipping business.
Making the leap from a 9-to-5 job to full-time house flipping is a huge commitment, but the timing to do so will never be perfect. I recommend that you get started now! If you really want to follow your dreams of becoming a house flipper, there is no need to wait any longer.