Full Time vs Part Time Advice

[Michael Wegener]

Hello All,

I am beginning my journey into real estate and investment next month with my state's licensing course and exam. I already have a broker lined up. My mom has been the secretary for a broker for the past 30+ years. So, I grew up around the office, already have a positive relationship with the manager, and will be taking the licensing course at no cost.

I have spent my first 8 years out of college as a teacher. I have my master's and my principal certification. But I have realized that all the principals I know hate their life and are at school 24/7. I just had my first child and I know that isn't for me. Working for public education has also frustrated me to no end and I know I need out. My students are amazing and I love working with them, but other than that I have reached burnout.

My main question to those of you that have made the jump from a W-2 position, or to those of you that made the jump from part time to full time...when did you reach the point where you said "ok, it's time"? I realize that this will be different for everyone.

For me, being in education, my teaching contracts are for 1 year. So each April/May, the decision is either to go full time, or commit to another year in the classroom. When I reach May, if I chose to leave teaching, I would have approx 4-5 months expenses banked, about 2-3 months working real estate part time, and I have 1 client that already wants to buy and list with me, with 2 others potentially wanting to buy with me. I also have a wife, 9 month old, and a mortgage. I should add that I have the most supportive wife I could ever imagine and will be behind me 100%.

I'd love to hear your experience and advice. Thanks in advance for reading this book.

[Colleen F.]

The school year ends in June, just dont go back next year. If you are burned out now and really dont want to continue teaching it is not about how much but more about what you want to do. You can have 6 months of part time real estate before the summer. You will be full time spring / summer in real estate. You have to figure out though how much you need to sell dollarwise to replace your current income and will you be able to make that