Investor · Johns Creek, GA · Member since 2017 · 463 posts · 488 votes
Last year this time, I gave my two weeks notice to quit my corporate job. I just graduated college 1 year ago at the time, very little saved up. When I walked out of that office, people had smirks on their faces expecting me to be back in Corporate America within 3 months because ya know, "it's tough out there, 90% of startups fail, real estate is risky and the list goes on". As soon as I got out of the corporate world, I tasted the wild sweetness of entrepreneurship and most importantly, the freedom of taking control of your own life! Here I am one year later, with 57 total units and almost $1 million of assets under control, my mobile home park investment firm is expanding, and a much, much happier self. In the future, I may experience many challenges, headaches, failures, and the gut-wrenching experiences entrepreneurs know very well. But one thing is for sure, I will never go back!
Congratulations! How did you do it? I am pondering making this same type of decision. How did you get the units with "very little saved up"? What kind of units are they? Mobile homes?
@Adam Bush I did a couple of deals (SFH, duplex) when I had my full-time job and had a reputation among friends and local real estate professionals that I am motivated and always working on deals. With that said, I was able to raise money to take down my first mobile home park deal, then the second, the third. I run an investment firm that helps investors make money so investors are really my customers. Glad to hear you are pondering on this decision. If you believe you should be an entrepreneur, don't hold back!!
@Jacob Tankersley The leap was never comfortable, but I knew I had to do it. It was more like an escape out of Corporate America versus a well-planned transition. In life, I always ask for what I wanted. So I did the same thing with my boss and asked for what everyone who is a corporate employee wants (You can probably guess that easily). That didn't go well and I did not see much future in the position I was in. I could not get what I wanted through the corporate route so I took matters into my hands to get what I want myself. I had fears but was able to stay calm and act effectively through them. I couldn't get financing for deals at first for very obvious reasons, but I have this ability to solve big problems in creative ways. I think critically and am able to find ways to make it work. I was able to make seller financing deals and everything built up from there. I found where my talents were and was able to use it in a place that appreciates them. My recommendations to anyone who is in corporate and wants out - Do not perform for the audience who does not belong to you.