Needing some insight for my next career choice!

Needing some insight for my next career choice!

Member since 2021 · 5 posts · 3 votes

Hi, my name is Ryan. I'm at a bit of a cross roads in my life. I really want to be a real estate investor and property owner. I have a lot of passion for it. Long story short I grew up on a farm, worked everyday all day there until i was about 20. In the past two years I've worked at two different jobs and have been recently laid off as this last job was seasonal. So I've been trying to decide what path to take to reach my real estate goals. 

I have 3 directions i could go and I'm looking for advice from my fellow BP investors. 

1) My first thought is i should just find the highest paying job i can get to be able to raise the capital i need for my deals regardless of how unenjoyable and time consuming it is.  

2) my second thought would be get a job with a construction/remodeling company. I feel like i would enjoy that the most as i like working with my hands and fits my abilities better. I could learn a lot that i could use towards doing BRRR's and just general maintenance of rental property to save money.

3) my third option would be find a job somewhere in real estate. This ones a little more open ended but maybe getting a job as a property manager or try to get a job elsewhere in the industry. A job where i could just focus on learning real estate all day everyday as well as build connections for future. Being paid to learn essentially. (any suggestions to other jobs in the industry is welcome)


I'm just looking for some advice. I know there's no right answer here but maybe someone can give me some insight on their lives and help me decide what to do. Thank you in advance, anything helps!

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  • Investor · Washington, D.C · Member since 2019 · 113 posts · 93 votes
    5y

    Ryan,

    All three of those options are good ones, I have seen individuals build successful real estate careers utilizing those strategy.

    In short, option 1 is get started as an investor and option 2 & 3 are get started as an industry professional. The commonality in the three options is the action to "get started" and take the career leap. Start networking with real estate investors and professionals in your area and see which option is the most viable for you. Maybe you can find someone who can mentor you while you help them grow their business. If you listen to the BP podcast, this comes up very often. Add value to an experience investor and then seek to be their mentee.

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