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Updated about 7 years ago on . Most recent reply
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I quit my job, maybe this post will inspire you to do the same
I quit my job back in March of 2017 and here is why. My goal for real estate investing was pretty much like everyone else’s. Financial freedom. I also didn’t want to work for an employer. It was killing my soul. Banks at the time wouldn’t lend to me for at least another year and I was having difficulty understanding how to actually get private money. I decided if it would take at least a year before I could afford to do my own flip why not start my own business being a general contractor and renovating other people’s homes for them so I could learn. I had been in construction for many years but never a general contractor and most of things I had no clue how to do. But I knew I wanted to do flips. Recently I just finished up my first renovation on a customers basement. It was a 1000sqft apartment (for their elderly mother) in a basement in a very nice house worth at least a million dollars and I was very fortunate that they allowed me to be the general on the job and that they gave me a chance. It all worked out well and although it wasn’t my own real estate I am very happy that I am on my journey. I have one bank that will finally look at lending to me once this years taxes are completed for my business but until then I am starting yet another renovation. This time a full gut job on an older home. Without bigger pockets I’m sure I’d still be sitting at a desk selling insurance just dreaming about owning my own business. I still don’t own any rentals and haven’t done a flip but I’m closer than I was in the beginning of this year and I’ve been working for my self this whole time. It’s been very nice. So thank you bigger pockets. I know I am not on here very often and I don’t post often but you still inspire me and keep me motivated to keep pushing.
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It sounds like you quit your job and went into business working for yourself. That is cool because you have more control of your income. You can quit working when your assets earn more money than you do. Keep it up.