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Updated about 2 years ago on . Most recent reply
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- General Manager, Publishing at BiggerPockets
- Denver, CO
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- 450
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Were You Working a Full-Time Job When You Got Started Investing?
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?
Most Popular Reply
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- Real Estate Broker
- Cody, WY
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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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