Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

28
Posts
18
Votes
Justin Wawrzyniak
  • Investor
  • Indianapolis, IN
18
Votes |
28
Posts

QUIT My 9-5 Job After 1 House Hack

Justin Wawrzyniak
  • Investor
  • Indianapolis, IN
Posted

Flashback to 18yrs old... I am just starting the difficult path of becoming a Mechanical Engineer. On this path, I spent countless long hours studying my butt off to be the best Engineer that I could be. And I did just that! I graduated top in my class. I had two summer internships at a Fortune 200 Defense Company. I catapulted that academic success into a job with one a top global Pharmaceutical company. The job moved me from Florida to Indianapolis, IN where I now live.

Things were great...I had a secure job, great benefits, I was living in a great city, and amazing friends. But something was missing! I was miserable at my job. There was no passion there. I had spent so much energy preparing for the Engineering field that I didn't even stop to consider I might not enjoy the work.

However, there was something in my life that I did enjoy doing. That was Real Estate Investing and it was my true passion. If I wasn't at work, I was consuming as much real estate content as possible (BiggerPockets, podcasts, books, etc.). I took action on my first investment property in under 1 year while still working full-time in a demanding 60hr/wk engineering job. It was a House Hack (term coined by Brandon Turner that means buying an owner-occupied 1-4 unit property and renting out rooms/units to cover the mortgage).

I wont go too much into the details of the deal but I am currently living at the property while putting $200/mo in my pocket. I'm not just living for FREE, I'm getting paid $200/mo to live in a great neighborhood just minutes away from Downtown Indy!! How cool is that!! Now if you factor in average rent of a 2b/1b in my area (~$1000/mo) then the deal gets even better. That's because I would be paying $1k/mo to live somewhere else but instead I'm making $200/mo (so the spread is really $1200/mo!!!).

Now here's the best part.....because I am saving so much money on living expenses, I was able to build up a substantial amount of capital. I saved up so much that I was able to QUIT my 9-5 corporate job after just 2 years in the workforce. Now I am able to put all of my time and energy into pursuing my real estate passion!

So what does that real estate passion look like?

  • - The capital I've built up gave me enough runway to become a licensed Indiana real estate broker where I can now help other find residential and investment properties to make their dreams a reality!!
  • - My partners and I are actively targeting and buying self-storage and small multifamily deals. This is building my portfolio and long term wealth!
  • - Building out systems and processes to allow my business to grow without me!

And this, my friends, is how I was able to quit my job after just 1 house hack. I hope you enjoyed my story and I'd love to hear if anyone else has executed a successful House Hack?

Most Popular Reply

User Stats

2,343
Posts
861
Votes
Marlen Weber
  • Specialist
  • Plano, TX
861
Votes |
2,343
Posts
Marlen Weber
  • Specialist
  • Plano, TX
Replied

Your story is motivational and excellent.Thanks so much for sharing it with us. 

Loading replies...