Gaining Experience Without Investing?

Gaining Experience Without Investing?

Real Estate Agent · San Diego, CA · Member since 2017 · 12 posts · 3 votes

Hello BP Community,

I'm eager to start a career in REI. At the moment , i'm considering my next move, and could use some advice. I've heard multiple times that time is my biggest asset. However, I want to focus it on the right activities and education in the meantime.

In short, i'm debating whether to jump right in and pursue deals through creative financing (I don't have sufficient funds saved up at the moment), or if I should look for a day job in the industry. My thought process is that a day job would allow me to save money for an investment while gaining experience. This could include a more conventional job in finance, or helping out an investment team with their grunt work and auxiliary tasks. Whatever it is, I hope it increases my knowledge in the industry while adding value to whoever I support. 

Any advice or insights would be valuable! Thank you for reading this far.

Sincerely,

Brent

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
9y

day job hands down..  investing in REAL estate with limited to no liquidity is very tough

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    day job hands down..  investing in REAL estate with limited to no liquidity is very tough

  • Real Estate Agent · San Diego, CA · Member since 2017 · 12 posts · 3 votes
    9y
    Thank you for the input Jay. I'm leaning that way too.
  • Real Estate Investor · Desoto, TX · Member since 2013 · 560 posts · 528 votes
    9y

    No liquidity + no experience + creative financing = high probability of a train wreck for someone (probably some already desperate homeowner). Get a job in the industry or finance as you suggest, or any ole job if you don't have one. I don't know your family situation but if you are not married and don't have kids you should have plenty of time even with a day job. 

  • Investor · Chicago, IL · Member since 2010 · 504 posts · 191 votes
    9y

    Agreed above. Get yourself a cushion and play the slow game. You can succeed but the margin for error is higher and you won't be setting yourself up for the best chance of success.

  • Real Estate Agent · San Diego, CA · Member since 2017 · 12 posts · 3 votes
    9y
    Thanks for the help gentleman. Your opinions are incredibly valuable.
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