Leap of Faith into Real Estate

Flagstaff, Arizona
Investor Mindset
3yFollow

Leap of Faith into Real Estate

Carter Neal
Member since 2023 · 6 posts · 1 vote

I have made a decision to jump feet first into the real estate investment world. 
I will be quitting my full-time job on May 31st, 2024 and will attempt to penetrate my way into the Real Estate Industry. 
Between now and May 31st, 2024 I will obtain my license to be an agent, save as much cash from my current W-2 position, educate and optimize myself and my mind to provide as much value to the people I meet along the way. 
I am putting this post online for the BiggerPockets community for 2 reasons (1) to make this decision public and known to like-minded individuals and (2) communicate my desire to provide value to someone (either locally or virtually), I would love to learn what you know through while experience and learning new skills.

I invite anyone to reach out. 
Looking forward to meeting you, I am grateful to be apart of this community!
Thank you!

1Reply
27 views

Most Popular Reply

Josh YoungPro Member
Rental Property Investor / REALTOR® / Property Manager · Gilbert, AZ · Member since 2023 · 385 posts · 421 votes
3y

@Carter Neal quitting your full-time job is going to set you back on investing if you plan to get conventional financing (typically the least expensive financing).  I would recommend buying at least one property before you quit your job, maybe something that you can house hack to help replace some of your income or at least help keep your expenses lower.

[email protected]802-274-8121
1Reply
See this reply in the discussion

3 Replies

Jump to latestLatest
  • Account Closed
    Investor · Scottsdale Austin Tuktoyaktuk · Member since 2021 · 4k+ posts · 4k+ votes
    3y
    Quote from @Carter Neal:

    I have made a decision to jump feet first into the real estate investment world. 
    I will be quitting my full-time job on May 31st, 2024 and will attempt to penetrate my way into the Real Estate Industry. 
    Between now and May 31st, 2024 I will obtain my license to be an agent, save as much cash from my current W-2 position, educate and optimize myself and my mind to provide as much value to the people I meet along the way. 
    I am putting this post online for the BiggerPockets community for 2 reasons (1) to make this decision public and known to like-minded individuals and (2) communicate my desire to provide value to someone (either locally or virtually), I would love to learn what you know through while experience and learning new skills.

    I invite anyone to reach out. 
    Looking forward to meeting you, I am grateful to be apart of this community!
    Thank you!

    Howdy. I would suggest you join AZREIA.org and get to know some of the 2,000 or so investors in the state. There are a lot of real estate agents that invest, but you don't need to be an agent to do so. There is no advantage to being an agent for investing purposes. 
    Invite a couple of agents to lunch and tell them what you want to accomplish, and pick their brains. Let them tell you the best way to reach your goals. Then use that information to prepare for your jump into real estate.
    1Reply
  • Josh YoungPro Member
    Rental Property Investor / REALTOR® / Property Manager · Gilbert, AZ · Member since 2023 · 385 posts · 421 votes
    3y

    @Carter Neal quitting your full-time job is going to set you back on investing if you plan to get conventional financing (typically the least expensive financing).  I would recommend buying at least one property before you quit your job, maybe something that you can house hack to help replace some of your income or at least help keep your expenses lower.

    [email protected]802-274-8121
    1Reply
  • Noah CorwickPro Member
    Realtor · Phoenix, AZ · Member since 2021 · 275 posts · 117 votes
    3y
    Quote from @Josh Young:

    @Carter Neal quitting your full-time job is going to set you back on investing if you plan to get conventional financing (typically the least expensive financing).  I would recommend buying at least one property before you quit your job, maybe something that you can house hack to help replace some of your income or at least help keep your expenses lower.

    Hey Carter! Love the goal and putting it on here so that it's out in the world.

    I think Josh's comment is spot one. Getting lending is a billion times easier if you have a W2 job. I believe the strategy of purchasing a home (that you have calculated that you'd be able to comfortably afford despite financial setbacks), then leaving your job might be a route to consider. 

    In the meantime while you are still at your job, you can take your RE courses online and work towards getting your license. 

    [email protected]602-834-4617
    1Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free