I wanted to get your opinion on a job opportunity offered to me, as it might align with my RE investment goals but I'm not sure if I should take it. I currently work in IT as a support analyst but don't make nearly enough to fund my first small multifamily deal. I'm considering doing wholesaling part-time, but I'm not sure if that's realistic without a solid marketing budget. I have a sales background and was offered a job in construction/roofing sales recently. I'd have to sell and see the projects to completion, which will be a great skill to use on my own flips. On the other hand, the IT industry has potential so leaving it doesn't seem like a good move.
I wanted to get your opinion on a job opportunity offered to me, as it might align with my RE investment goals but I'm not sure if I should take it. I currently work in IT as a support analyst but don't make nearly enough to fund my first small multifamily deal. I'm considering doing wholesaling part-time, but I'm not sure if that's realistic without a solid marketing budget. I have a sales background and was offered a job in construction/roofing sales recently. I'd have to sell and see the projects to completion, which will be a great skill to use on my own flips. On the other hand, the IT industry has potential so leaving it doesn't seem like a good move.
Any thoughts are appreciated!
@Sebastian Bustos I spent 35 years in IT and spent 25 years in real estate at the same time. you don't need your own money to fund deals. There are lots of free ways to find wholesaling deals without any marketing budget. You can use paid marketing once you get a few deals in place. If you are good at sales, you already have the most important skill. With your IT background, you can easily set up some automated outreach processes. There are a lot of cheap tools you can leverage to do that.
So my recommendation is to do wholesaling for a year or so until you raise about $100K. Use that money to invest in larger deals, like apartments. Automate your wholesaling business so you now have an income which would allow you to leave your IT job. Give yourself 1 year.
@Jim Pellerin I appreciate your input, thank you for taking the time to respond! Your perspective has really helped me a lot to make this decision. I've been learning about wholesaling from podcasts/youtube, do you recommend any resources to continue learning?