In Need of Some Crucial Work/Life Advice!

[Thomas O'Donnell]

So I am currently working a full time job and the pay is better than almost anywhere in the area for someone without a degree. However, it is warehouse work and I do not enjoy the job. I'm never happy to go to work and all shift I am constantly stacking boxes and moving heavy stuff; it is very physically demanding. I really want to get into doing some work related to real estate, whether that is getting into property management, leasing, home inspections etc. I love real estate and I am really passionate about it, but I know I would take a pay cut if I left. I feel like working in something real estate related would also help me build a network or make some connections within the RE game. Should I tough it out and stay, or take a pay cut to find something RE related that might make me happier and help build connections? Or should I try to look for something to do on my days off and eventually transition over to that full-time? I have thought about doing work for free in something RE related just to learn more and expand my network if someone is willing to teach/train in something. I am in a tough spot as the income is good for this area, but I am unhappy and unmotivated at work. If anyone has some solid advice for someone closing on their first rental and dealing with this dilemma please respond. Thank you!

[James Dainard]

Hey Thomas,

There are a number of great BP episodes on this so I recommend scrolling through the archive to see if you can't find some insight there.

You could find someone to partner with on your first deal to make some cash on the side. You could wholesale a deal if you underwrite deals in your spare time and find one that works.

If you're going to dive in by quitting your job just make sure you have the funds necessary to make the leap for an extended period of time, again this depends on your comfort level and your spending habits. You're likely going to want to reinvest any gains you get from making the jump into expanding your business so keep that in mind. If you can take care of your base living expenses and windfalls from putting time and effort into real estate will take you much further in the long run.

Best of luck on your investment journey and more power to you powering through this job to fight for your future!