Do I Quit My Job?

The question here is, should I quit this steady job that I don't hate just to have more time to make money as a realtor? Well, there's the first obvious metric to look at: If you got back to 40 hours a week or spending at your job, would you make more than you're making at that job as aRealtor? You need to make considerably more than you would be making. The 80,000 guaranteed has less risk and therefore has more value.

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The 2023 recession is both an opportunity and a danger for real estate investors nationwide. Falling prices, rising mortgage rates, and an uncertain housing market have made buying rental properties riskier than at any other time in the past ten years. But, the flip side of this coin is that a lack of buyers and harsh buying conditions makes it easier than ever to pick up homes in grade-A areas, many of which could help you realize massive returns in the future. So, is now the time to buy?

Welcome back to Seeing Greene, where expert investor, agent, broker, and author, David Greene, answers your recession-based real estate questions on the spot. We take questions from new investors struggling to find cash flow in today’s challenging market and long-term property owners who don’t know what to do with all their equity. We’ll also hit on the touchy subject of when to quit your job, when you have too much debt to invest, and the difference between a property manager and an asset manager (most people get this wrong!).

Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

Why cash flow is NOT the most important metric when buying in 2023

Using the recession to snag better deals on homes in appreciating areas

Selling vs. renting and what to do with a house that has heaps of equity

When to quit your W2 and whether or not doing so in a recession is too risky

Overleveraging yourself and why you may want to hold off on investing if you have high debt

Lease options and using them to buy properties from on-the-fence sellers

Asset management vs. property management and how these two titles differ

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Youtube Channel