📌Who has quit their job from real estate?

Question

I’m sure there are many investors in this forum that can provide some great stories on this question.

When did you quit your W2 to peruse real estate full time? What strategies did you take to get there? Were you on the active or passive side? Or both?

What tips would you give your old self to work towards being financially free and ultimately quitting your W2?

Thanks!

Brian Adams · Answer

Yep I quit my CPA job and have bought and sold almost 4,000 units valued at $212 million.

You can read about my journey here:

I quit my CPA Job to buy Large Apartment Buildings

Todd Dexheimer · Answer

It took me 18 months from when I purchased my first property. I waited to quit until I replaced my W2 income by about 125%.

To get there, I purchased 6 rental properties and was flipping 10+ properties/year. I only included the rental income when I looked at whether I could quit or not. The flipping income was just the icing on the cake.

Tips: educate your self obsessively about your industry, mindset and business strategy, take action and calculated risk, network like crazy, take small actions to create massive action, be consistent and be persistent.

Brian Adams · Answer

@Avihay Ohana thank you.

No, I don't buy deals in PA, my target market is Atlanta, GA and buying a 1,000 unit complex in a couple of months.

Rich Solano · Answer

That's incredible!!! How much did that bring you personally?!

Marlen Weber · Answer

How awesome. I'd love to hear more of your story and how you handled all of the in-betweens @Brian Adams

Bryant Naylor · Answer

Hi Justin. I'm in the same boat you are. I've had a W2 job for 10 years now and would love to quit and break into real estate. My two cents, and my current path forward, is to maintain my W2 job for the next few years, which allows for easier access to bank money with the low interest rates, while also pursuing my real estate license - and if done right, and I can take advantage of a steady income to help fund deals, eventually providing myself with enough cash flow and equity to feel comfortable, I will then leave my W2 and concentrate on real estate and my investment properties full time and use my portfolio and other creative financing to get more loans to scale. Anyway - that's my thought process and my way forward as of today. Best of luck to you! r/Bryant

Jimmy Cantave · Answer

@Bryant Naylor I appreciate you for sharing your story. If you can’t do it full time work on it part time until you’re able to work full time.  I believe everything will workout for you

Adam Lacey · Answer

@Brian Adams - That's a great story! Congratulations on your success. I am currently building my real estate investment business on the side while working my engineering job. My plan is to build that business to a point where I feel comfortable exiting my W2 by the end of 2021.

Danny Randazzo · Answer

@Justin G. I quit my job to build a real estate investment company and our group has acquired more than $380,000,000 with over 950+ passive investors

Danny Randazzo · Answer

@Brian Adams congrats on your group’s success

📌Who has quit their job from real estate?

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