BiggerPockets Real Estate Podcast

919: How to Use Real Estate to Quit the 9-5 Grind

Mar 21, 2024

Learn how to escape the 9-5 grind with real estate investing as experts share strategies for building wealth, creating cash flow, and choosing the best investments. Dive into the reality of full-time real estate investing, including the challenges and hard work that come with it. Discover the benefits of house hacking, diverse investment strategies, and the importance of aligning investments with personal goals.

38:35

Creator website

Episode guests

Rob Abasolo

Dave Meyer

David Greene

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Highlights

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Episode notes

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Quick takeaways

Choosing a real estate strategy aligning with personal strengths and goals is crucial for transitioning to full-time investing.

Saving money through real estate, like house hacking, accelerates wealth-building without requiring significant upfront investment.

Deep dives

Finding the Right Real Estate Strategy for Leaving the 9 to 5 Grind

Choosing a real estate strategy that aligns with your strengths, preferences, and financial goals is crucial when aiming to transition to full-time real estate investing. Different strategies suit different personalities and skill sets. For example, house hacking might be ideal for those who value saving money and enjoying a more passive income stream, while short-term rentals appeal to those who thrive on creativity and hospitality. Trying out various strategies and identifying what works best for you through experience and partnerships can be key to finding the most suitable approach.

Investment Strategies Based on Personality Type

02:36

Investor James' Three Real Estate Advice Tips

00:35

Diversify Income Streams in Real Estate

00:56

Introduction

2min

Real Estate Strategies to Replace Income

6min

Navigating Real Estate Investments and 9-5 Jobs

9min

Unlocking Wealth: House Hacking Strategies

4min

Exploring Diverse Real Estate Investment Strategies

11min

Ready to escape the rat race and leave your nine-to-five behind? You’re tired of the early mornings, late nights, alarm clocks, and commuting. You want to go out on your own, create your own destiny, gain autonomy, and control your schedule. Can real estate help you get there? Definitely, but it won’t be the way you think. Those popular flipping shows on TV and influencer Instagram feeds love to show how easy and fun it is to be a full-time real estate investor. But is this reality?

Today, we’re having an “escape the rat race” roundtable as Dave Meyer, David Greene, and Rob Abasolo discuss the best way to quit your job with real estate. Two of these investors are full-time real estate professionals, while one still holds their nine-to-five. In this episode, they get into the exact strategies you can use to start building wealth through real estate, create cash flow to replace your job, and determine which investments will work best for you. There’s even one strategy they ALL agree is the best way to get started.

But before you hand in your two weeks’ notice, you better listen up. The world of full-time real estate investing isn’t what it seems on the outside, and unless you’re willing to put in the work, you might as well stay at your job and invest on the side. Want to hear about the grind none of the investing gurus will tell you about? Stick around; we’re sharing it all in this episode.

In This Episode We Cover:

How to quit your nine-to-five job and start investing in real estate full-time

The easiest way to get started investing in real estate that EVERYONE should do

Active vs. passive real estate investing and whether you should flip houses or fund other people’s deals

The truth about real estate cash flow and why it WON’T solve the problems you want it to

Which personality types should invest in which assets (and the ones you should avoid)

Real estate jobs you can start NOW that will help you get into the game even faster

And So Much More!

Links from the Show

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