Day Job Stuggles

[Clayton Miller]

Good Morning Everyone,

I am currently a Digital Advertising Sales Manger, helping people with Social, Google, Youtube, Branding, etc... online. I do not hate my job and it so turns out I am pretty good at it. In my evening hours I work with a partner fixing up homes for rent via the BRRR method. I got this job so that I could use the salary for lending purposes and to learn more about marketing online and how it works. Being able to more easily rent or sell homes will be a valuable tool once we have more of them.

To my point...

I love reading about real estate, going to look at homes, putting upgrades on my house, and studying up on how financing and insurance works with all of this.  My goal is to eventually buy, fix, and rent homes 24/7 but need a salary to maintain my debt/income ratio until we get through enough of them.  What is a salary paid job in the real estate/finance world that pays well and will also teach me something that I will use in the future?  I have an Econ degree from Depauw University and I have 2.5 years in management/sales and now another year in sales.  I am going to get my real estate license but I know there is no salary to stand on there, more for convenience and cost savings.  

Does anyone have any suggestions for me?

[Dante Pirouz]

You really only need W2 income initially when you are establishing yourself. Once you have at least 2 years of multiunit management or flip experience, lenders will begin to factor in your rental income to substantiate your loan. If you like your job, just keep it for now and keep doing what you're doing for a few years...the better you are at delegating to your partner/crew, the more successful you will be at running your business...but to add on to what jobs you might consider other than real estate agent you could think about property management or marketing consulting for other RE investors (since you seem to have the expertise)...