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Updated over 5 years ago on . Most recent reply
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- Investor
- Saint Louis, MO
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Anyone REGRET going REI full time?
so day after day I ask myself when I'm going to "retire" or go full time real estate. right now my answer seems to be in the mid 30s but sometimes I think what if I do it sooner. sometimes I wonder if I should push it out cause of my inflated lifestyle.
Has anyone jumped ship from their 9-5 and realized it was a horrible mistake or think they could have held onto a W2 for a little longer?
Did you usually have to change your lifestyle significantly or was trying to live more frugal worth the extra time gained?
Most Popular Reply
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No. I've never regretted going full time into RE. Truth be told I've been self employed for 20+ years and have multiple endeavors going at any given time, with Real Estate always being one of them.
I think if I was banking on client representation as my #1 source of income i would flame out in about 5 minutes. For me, the real money in RE is made in doing deals. I don't know very many agents that make a full time living off of just client representation - they are out there, but it's probably a fairly small segment of the population. I know plenty of brokers that are killing it, but running a brokerage is a different ball game than just being an agent.
As a caveat - "full time" for me is about 70 hrs / week, which includes about 30 hrs of "commuting" (which usually involves dirtbike or harley trips). Working full time in RE has done nothing but help my moto game :)