Corporate Job to Full Time RE

3 Replies

For those who switched from corporate job to a realtor or full time investor:

1. How was the transition?

2. Do you believe that being a realtor to create extra income when pursing investments (buy & holds / flipping) is beneficial?

3. How do the hours compare? I imagine possibly more hours but also more freedom.

4. If you had to make the decision again, what would you chose?

5. Any advice?

I'd also love to hear some responses to this post. I'm currently in a corporate tech job and have a strong desire to transition into full time real estate investing. Being the sole provider for a family of 4, I'm not quite sure how long the journey will take until I can fully make the switch.

@Rob Randle

I was employed at my career job at well known company, for 4 years out of college. I started reading about real estate and house hacked my way into my first property with just about no money and no clue of what I was doing. I purchased my first rental, still clueless. My now-wife and I would go to Barnes and Noble and she would yell at me for spending all my money on Real Estate books. I think she would take all those comments back today!

I got an offer I couldn't refuse (almost 2x salary) at a competing but small company. When I put in my notice at my previous company, my manager's exact words to me were "What will you do if that place closes down in a year or two?" I replied, "Well then I'd have to focus on my real estate." 

The story panned out pretty much exactly how I said it would. The smaller company paid me more money, I did less work, and obtained my real estate license while on their clock. I started selling homes while employed there. The beginning of my 18th month there, things started getting weird and they wouldn't let me order some things. I said to the boss, "If this place is going to close down, could you give me some notice? I won't walk out on you just a little courtesy so I could make other plans would be nice." He told me everything was fine and walked in on December 23rd and said the store would be closing 12/31. 

So, I ventured into Real Estate full time and haven't looked back since. Yes, I was forced into it, but I was essentially seeing the future and would have eventually made the move. 

I would definitely recommend becoming a Realtor if you have the skill set. For the past few years, my Realtor-side has been incredibly busy. In 2015 I've tried to "get back to my roots" of investing. But I've learned so much and increased my knowledge from my Realtor-side that investing is second nature at this point. 

The hours are completely different. As a Realtor/Investor, you're working 24/7. Until you have passive income that surpasses your monthly budget, you need to HUSTLE! 

I wouldn't change a thing. I would recommend getting connected with someone who does high volume REO. That's what I'm involved in and you get to see so many transactions, and gain insight into all sorts of different repairs.

My advice to you would depend solely on your situation. Age/Goals/Life Status, etc. Feel free to PM me. 

Originally posted by @Mark Gallagher :

@Rob Randle

I was employed at my career job at well known company, for 4 years out of college. I started reading about real estate and house hacked my way into my first property with just about no money and no clue of what I was doing. I purchased my first rental, still clueless. My now-wife and I would go to Barnes and Noble and she would yell at me for spending all my money on Real Estate books. I think she would take all those comments back today!

I got an offer I couldn't refuse (almost 2x salary) at a competing but small company. When I put in my notice at my previous company, my manager's exact words to me were "What will you do if that place closes down in a year or two?" I replied, "Well then I'd have to focus on my real estate." 

The story panned out pretty much exactly how I said it would. The smaller company paid me more money, I did less work, and obtained my real estate license while on their clock. I started selling homes while employed there. The beginning of my 18th month there, things started getting weird and they wouldn't let me order some things. I said to the boss, "If this place is going to close down, could you give me some notice? I won't walk out on you just a little courtesy so I could make other plans would be nice." He told me everything was fine and walked in on December 23rd and said the store would be closing 12/31. 

So, I ventured into Real Estate full time and haven't looked back since. Yes, I was forced into it, but I was essentially seeing the future and would have eventually made the move. 

I would definitely recommend becoming a Realtor if you have the skill set. For the past few years, my Realtor-side has been incredibly busy. In 2015 I've tried to "get back to my roots" of investing. But I've learned so much and increased my knowledge from my Realtor-side that investing is second nature at this point. 

The hours are completely different. As a Realtor/Investor, you're working 24/7. Until you have passive income that surpasses your monthly budget, you need to HUSTLE! 

I wouldn't change a thing. I would recommend getting connected with someone who does high volume REO. That's what I'm involved in and you get to see so many transactions, and gain insight into all sorts of different repairs.

My advice to you would depend solely on your situation. Age/Goals/Life Status, etc. Feel free to PM me. 

 Thanks for the input, interesting story.  Do you find that the realtor side of your business and investing mesh together?  Ex: such as getting leads on properties that are deals and form connections from your daily interaction within your market

My thought is that being so active in the RE industry may automatically put you in a mindset to be proactive on the investing side.

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