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Updated about 2 years ago on . Most recent reply

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450
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Katie Miller
  • General Manager, Publishing at BiggerPockets
  • Denver, CO
624
Votes |
450
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Were You Working a Full-Time Job When You Got Started Investing?

Katie Miller
  • General Manager, Publishing at BiggerPockets
  • Denver, CO
ModeratorPosted

Calling all landlords: Tell us the story of how you got started!

If you worked, how did you work a full-time job and invest in real estate?

If you weren't working, what allowed you to take the plunge into full time investing?

Yes, either my spouse or I was working a full-time job when we got started
Yes, either my spouse or I was working a part-time job when we got started
No, either my spouse or I was not working at all when we got started
Yes, either my spouse or I was working at a job, but quit soon after we bought our first property
Yes, was working when getting started and am still working while investing now!

Most Popular Reply

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28,065
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41,070
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,070
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28,065
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

I retired from the military and started in real estate just as my market hit rock bottom. Sales were slow and I wanted to get into property management anyway, so I jumped in and built a business. I went from a 250sq.ft. "office" by myself to two offices, eight employees, and a great reputation. I started adding sales to my repertoire to increase income. My property management business produces a tidy profit, so I use my sales commissions to invest in real estate. In six years I went from $200,000 net worth to $2 million net worth and my cash flow guarantees me a comfortable life without ever working again, if I choose.

However, I have no intention of slowing down or retiring right now. I continue to grow my property management business and I am pouring all the profits into more investments.

  • Nathan Gesner
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The DIY Landlord Book
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