Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

10
Posts
4
Votes
Olaf Stieber
  • Waukesha, WI
4
Votes |
10
Posts

Investing Part Time vs Full time

Olaf Stieber
  • Waukesha, WI
Posted

I am a 34 year old web developer in Milwaukee. I purchased a  single family home in 2015 in Wisconsin and did a full rehab on the house with the help of contractors.  I really enjoyed the work and have been torn between working full time as web developer and getting better at my job and investing part time or focusing my time into full time into real estate investing. 

As a web developer I spend most of my day in a cubicle behind a computer screen which I do not like. I don't necessarily hate the work but I do not enjoy spending the entire day in an office. My concern is that by focusing on web development I could make more income which would allow me to invest more.  However by taking this route I am working my way farther into working a 9-5 in an office vs creating my real estate empire. My fear is that full time investing is a unrealistic goal but I believe in focusing on one thing.   I understand this is something I have to decide but I am looking for advice from experinced investors which could help me make a good decision.. Thank you !

Most Popular Reply

User Stats

215
Posts
136
Votes
Chad Nagel
  • Rental Property Investor
  • Fond Du Lac, WI
136
Votes |
215
Posts
Chad Nagel
  • Rental Property Investor
  • Fond Du Lac, WI
Replied

What do you do from 5am -9am and 5pm-9pm? That is 8 hrs of your day that you can work on your side hustle. You may not be caught up on the most current netflix show, but it's your life. You need to decide what is important to you and your time. As marcus said above you need replace your current income with investing income, or atleast steady passive income to cover bills. But losing your W2 will slow down investing unless you have private or hard money. You also left out many key details. Family? single? Debt load? willing to live in flip/ rental if this fails? Many other things to consider. 

Loading replies...