BECOMING FULL TIME REAL ESTATE INVESTOR SOONER

3 Replies

I learned most syndicators have a part time job or a W2.My goal is to be full time in real estate and quit my accounting job so i can focus on apartment acquisition full time. Do you know any businesses that syndicators that lets them quit their job, support themselves, and focus on real estate acquisition full time sooner? Thanks

@Jason Malabute , I am confused by the question.  I think what you are getting at is any type of job that allows for more flexibility than maybe your accounting role currently offers.  There are a lot of roles like this, but it will depend on what you need to make in W2 earnings to live off of.  The most prevalent role coming to mind is restaurant work.  You can spend 9-4 networking, pursuing deals during business hours, etc, and then serve tables at night.  

Another option, that likely doesn't meet what I think you are looking for, but answers the question asked: an acquisition role within a larger company.  In a prior life and role, the acquisitions team were bringing home some of the highest salaries outside of the C-suite and focused their days on pursuing acquisitions for the company, all while collecting a healthy salary well into the 6 figures.

As a side note, I feel like BiggerPockets does not suggest "getting a job in real estate" enough.  I think many syndicators have part time and full time roles because they jump into being on the principal side after reading a few books and listening to podcasts, maybe doing a couple flips of single families.  But, the operators (not calling syndicators intentionally) that have created huge wealth  for themselves and their investors, almost all came from working for another real estate company prior to moving to the principal side.  They saved their pennies, made the connections, and generally knew exactly what they were doing from their first deal.

Originally posted by @Evan Polaski :

@Jason Malabute, I am confused by the question.  I think what you are getting at is any type of job that allows for more flexibility than maybe your accounting role currently offers.  There are a lot of roles like this, but it will depend on what you need to make in W2 earnings to live off of.  The most prevalent role coming to mind is restaurant work.  You can spend 9-4 networking, pursuing deals during business hours, etc, and then serve tables at night.  

Another option, that likely doesn't meet what I think you are looking for, but answers the question asked: an acquisition role within a larger company.  In a prior life and role, the acquisitions team were bringing home some of the highest salaries outside of the C-suite and focused their days on pursuing acquisitions for the company, all while collecting a healthy salary well into the 6 figures.

As a side note, I feel like BiggerPockets does not suggest "getting a job in real estate" enough.  I think many syndicators have part time and full time roles because they jump into being on the principal side after reading a few books and listening to podcasts, maybe doing a couple flips of single families.  But, the operators (not calling syndicators intentionally) that have created huge wealth  for themselves and their investors, almost all came from working for another real estate company prior to moving to the principal side.  They saved their pennies, made the connections, and generally knew exactly what they were doing from their first deal.

 no I dont want to work for anyone ever. I am looking for a side business I can start that would compliment my purpose being a real estate Apartment investor

@Jason Malabute I will be taking that journey as well here in less than a year. I plan to do it radically though. I'm burning the boats and doing it full time. I do have living expenses enough for a year and I have a couple of rentals to sustain me for a bit. I know I can always get a job in extreme circumstances. A buddy of mine once told me that "You'll think a whole lot differently if you know this is all you got."

I know this answer isn't what you were looking for but I wanted to share this because you and I were in the same frame of mind. I hope this other perspective opens another opportunity for you.

I wish you the best in your investing journey!

@Evan Polaski thank you for the insight. I haven't heard about the acquisition role till you mentioned it.