Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
When is it time to move on?
I have brought this up a couple times with people I have come to admire on these forums, for example @Steve Vaughan @JD Martin .
I have been in a family business for almost 6 years now, but have always been a free spirit when it comes to business. I definitely have that entrepreneur mindset willing to take risks and go after what I want in life. Without getting too personal in these forums, the job just isn't for me, and working with family just doesn't cut it for me anymore. I love them, but being the youngest with plenty of past failures, im pretty limited to what I can actually bring to the table. Not that im incapable, I just don't have the hierarchy. And quite frankly, Im not sure I ever will. That's important to me to be able to make decisions without question. And having confidence within my own standards.
In real estate I have been able to achieve some success on my own, all while working a full time job that is draining me. I have recently started my own company part time, and doing renovation jobs on weekends. Id like to get my CSL license so I can tackle bigger jobs, but I am also limited to what I can take on. Its hard to schedule more then one job a month working only weekends.
The one thing I have right now is stability. And im forever grateful for that opportunity. I have a decent paid job that pays my bills. I can take a day off here and there if I absolutely need to. I have a company vehicle with no payments. All these things have given me the ability to invest in real estate because I can save a little bit easier.
But when is it time to move on? When have you decided to take that leap of faith? Did it work out for those that were in a similar position as me? I have a family I need to provide for, and I just want to make sure THEY are ok. I don't want my decisions to impact their way of life. But im also confident I can make it work, but I know it wont be easy. Any personal experiences from other BP members will be much appreciated!