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Updated 12 months ago on . Most recent reply

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Jacob Wilson
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Looking for others in 20s - 30s wanting financial freedom via Real Estate

Jacob Wilson
Posted

Hi all,

Been a BP pod listener for the last few months and am pushing myself to be more active here as well. Getting a bit tired of my current job (first out of college) given the demanding hours and really motivated to transition into making Real Estate investing a full-time occupation for me. I live in NYC but open to a lot of the mid-west/central markets given lower entry price.

If you're looking to get started like myself, or even wants to invest together - feel free to reach out!

Best,

Jacob 

Most Popular Reply

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,660
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

It's a great idea in theory, but to be honest with you, this statement - "Getting a bit tired of my current job (first out of college)" is a bit alarming. If you are working your first job and don't want to work the 9 to 5, your scale to have savings to invest is going to be very limited. Not many of liked our 9 to 5 before we left, but we did it for many, many years while also investing. Your cost of living sucks in NYC so that hurts as well.

You say you want financial freedom, but what you really want is time freedom and the only way to get time freedom is through earning money to give you that. Don't give up the base salary. Just consider it what you have to do to build a strong foundation when you hit your 30s.

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