Advice Pivoting from Restaurant to Real Estate

[Alan Rodriguez]

Hey y'all, I'm new 24 and new-ish to Real Estate scene. I've been helping run the family restaurant for the last 5 years and am looking for advice on pivoting not only my personal career but also the family portfolio. My parents are hard working immigrants who moved to the US decades ago and have worked tirelessly to build something to feed our family. Post-covid our last remaining restaurant rose in popularity and now runs around 5 figures in profit every month. 

My parents are old-fashioned and do very little investing, etc, but after decades of being in the restaurant business, they have opened up to the idea of pivoting to something more scalable. 

My idea is to attain my RE license to immerse myself in the real estate underbelly instead of just reading a few courses and articles here and there and eventually serve as the sole agent for what would be my family's RE porftolio. At my disposal would be six figures worth of cash reserves and 5 figures worth of monthly profit to utilize. 

Am I naïve in thinking that an already profit-generating business would allow for a fast-track transition into building a wealth-building RE portfolio without having to rely on creative financing and techniques such as exclusively BRRRing?

[Gino Barbaro]

@Taylor L.

I would not call myself a restauranteur. LOL. I had one small pizza restaurant. I was the quintessential mom & pop. I just got lucky and found Jake & we both wanted to create a scalable business. Your advice of keep moving forward and learning is key.

Persistence and growth will ultimately lead to your success.

Happy Holidays

Gino