Investor · Rochester, NY · Member since 2017 · 206 posts · 175 votes
Today is the first day of the rest of my life.
I've been a real estate investor since 2014, working full time at my W2 and investing part time. It's been a struggle, a challenge, a never ending web of confusion. But yesterday, I put in my notice and today I've never felt better. I have years worth of savings in the bank, credit lines, relationships with hard money lenders and deals in the pipeline.
The decision wasn't easy, I'd be lying to you if I said that I'm a little freaked out. I have a nice home, two little ones and a beautiful wife who's incredibly supportive. But my heart isn't there, I think/talk only about real estate. It's time to make a move.
To all those at @BiggerPockets ; Thanks! Without this podcast I'd be sitting behind a desk of misery for who knows how long.
As someone who is still on the wrong side of the "grind", you story is an inspiration. Don't be discouraged or nervous, you have a entire network of supporters and people willing to help you out. Its amazing that you have only been investing for 4 years.. Shove that in the face of people who say you cant get rich quick in Real Estate.
It's been about 4 months since I've left my job. I felt that maybe an update is due.
I should have done this years ago. I'm spending more time with my family and more of my free time working, instead of zoning out watching TV. My quality of life has improved dramatically. We've completed two flips, one of which we've turned into a rental. And, I'm even selling a little real estate. Something that my broker pushed me to do, wasn't planning on it, but it's been a nice source of additional income.
When I left my job I was scared. Having just walked away from a job that provided my family with an above average salary, I wondered if I was making the right choice. However, in the four months since I left, we have already passed the amount I would have made with my old gig. It's funny, the pressure of not having a paycheck almost activated a different part of my brain that became more focused, more willing to move to this area of uncomfortably when prospecting for deals and business. It's been a wild ride, but a good one. . . . Why didn't I do this sooner....?
Matt Honeyford How many properties do you own sfh’s or multi units? Whats ur savings look like and what cashflow are u getting from real estate and equity do you have?