Updated almost 3 years ago on . Most recent reply
Tips for sabbatical & converting to full-time real estate
I am taking the plunge and leaving my W-2 job (buying land for a homebuilder to develop into neighborhoods) to do some traveling and to commit to real estate investment full-time. I have a decent start - 8 rental units and also have a side hustle entity to assemble land deals, rezone them, etc. and sell to a builder. I will probably do a mix of putting together investment property deals and land deals going forward but am curious about expanding and doing something different.
I am curious from others who have left their W2s if there's any "I wish I had known this" advice - tax strategies since my income is way higher now than it will be next year, getting a performance coach, attending any particular conferences, etc.? I am planning to spend a couple months traveling but will be doing a lot of meetings, webinars, etc. when I'm not traveling. I really want the first several months of the year to be focused on learning / growing.
Any thoughts would be much appreciated. Thanks!