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Updated almost 8 years ago, 02/23/2017

User Stats

146
Posts
104
Votes
David Hildebrandt
  • Cincinnati, OH
104
Votes |
146
Posts

Have you walked away from 100K job? I just did

David Hildebrandt
  • Cincinnati, OH
Posted

admin please move to most appropriate location

Holy S*!t

This probably is not the post you expect it to be. And being as I don't know your financial situation or discipline level I am not authorizing you to do as I have done.

I have not made it big in real estate.....yet and I still chose to walk.

***This is a commentary on networking. Scroll to the next *** for the rest of my story.

Today will not be the day you win the real estate lottery. More than likely you will not make it rich today alone. But today can be the day you take the next step on your real estate journey. After you read this post GET OFF YOUR BUTT AND GO MEET OTHER HUMANS!

Seriously I don't care if its at the grocery store, the movies or your local REIA. Call a friend and ask them what they are up to, see if you can tag along and meet the people they know. Talk about your interests, more importantly ask them about theirs. 

Today was my off day, and I decided to tag along with friend to the second most popular auto auction in Cincinnati. Why? Because I had nothing to do, and I am about to leave my job, frankly. Met a few guys, shook some hands. And ended up talking with the President of Commercial Acquisitions for the largest real estate group in Cincinnati. Why was he at the auction? Because he was looking for a new whip? Because he was about to leave his job? NOPE because he owned it...thats right he is the minority partner, owns the land, the building and a part of the operations. AND he was more than happy to spend 20+ minutes with me, gave me his card and told me to call him if I need anything. 

Here I am a guy who owns all of 2 units picking the brain of THE guy. And he told me to call him, AND HE MEANT IT.

So I am setting two new goals, I hope you might come along with me. I know I will not become independently wealthy from real estate next month. But in the next thirty days I have a goal to collect 25 biz cards from RE related professionals and give them mine. I also have a goal to contribute to this forum 100 total times in that same 30 days. Please join me. Join me so you can feel a sense of accomplishment on your way to accomplishing your ultimate goal. 

***After the better part of ten years in the car business, working every Saturday, punching the clock for 50 hours per week, listening to customers whine about how I personally assaulted their character with my trade in value. I AM WALKING AWAY. From the second highest title in my dealership none the less. Feb 28th is my last day and I couldn't be more excited.

If you have read the Miracle Morning you will understand the concept of not letting your life situation, control your life. If you have not read it let me provide a personal referral to a little site I like to call amazon.com. 

If I wanted to pursue real estate or any other of my interests I could no longer be burdened by all the thoughts that prioritized my job at the dealership over my own personal goals. Surely you will say, yeah but Dave wouldn't a six figure salary help you acquire some more properties? Not if your frontal cortex is melted when you arrive home after nine hours of repetitive bullsh** floating in a stew of mediocrity and your days off are spent watching the minute hand spiral toward the inevitability that you must once again return to imbibe of said stew the next day. Liquid brain syndrome does not beget actual liquidity.

So what am I going to do you ask? Well I am going to figure it out. Did you hear that? I AM GOING TO FIGURE IT OUT. Not wait for my boss to give me marching orders, or spend the day determining what new process I can implement to help my owner profit another $50K this month. I AM GOING TO FIGURE IT OUT FOR MYSELF. Live up to my potential and do things because they benefit me...they benefit me mentally, physically, spiritually, emotionally and perhaps, yes even financially. BUT I GET TO PICK WHICH TAKES PRIORITY.

Thank god for my wife who has encouraged me to make this decision even with three kids at home to raise. I do this for them.

User Stats

680
Posts
650
Votes
Meghan McCallum
  • Specialist
  • CHICAGO
650
Votes |
680
Posts
Meghan McCallum
  • Specialist
  • CHICAGO
Replied

Congrats on the jump. I did the same a little over a years ago. I'm getting it done and if I can...so can you. I can't wait to follow your journey. Feel free to keep up w mine too.

User Stats

17,297
Posts
29,818
Votes
Russell Brazil
Agent
  • Real Estate Agent
  • Washington, D.C.
29,818
Votes |
17,297
Posts
Russell Brazil
Agent
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

I did as well.

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User Stats

568
Posts
966
Votes
Arianne L.
Pro Member
  • Investor
  • Fort Walton Beach, FL
966
Votes |
568
Posts
Arianne L.
Pro Member
  • Investor
  • Fort Walton Beach, FL
Replied

@David Hildebrandt Congratulations! I quit my job in Nov 2016. It hasn't been all that easy but I needed a push - there's no turning back! You will do great. All the best!

User Stats

1,255
Posts
1,097
Votes
Joshua D.
  • Investor
  • Columbus, MT
1,097
Votes |
1,255
Posts
Joshua D.
  • Investor
  • Columbus, MT
Replied

@David Hildebrandt

You are a brave soul! I could not make the jump the way you have. Course i love my job so that makes things different.   Way to live your life! 

User Stats

41,933
Posts
61,738
Votes
Jay Hinrichs
Professional Services
Pro Member
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
61,738
Votes |
41,933
Posts
Jay Hinrichs
Professional Services
Pro Member
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

what about starting your own dealership.. my buddies that own dealerships do far better than most I know in real estate... Just asking since your making a move ..  and its an industry you know in and out.

regardless welcome to real estate..  its a tough gig but someone with your sales background stands are far better chance of success than someone with limited to know sales background or skills.

you understand working 24 / 7  nights and weekends thats what it takes to make it in this industry its not a 9 to 5

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JLH Capital Partners
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User Stats

1
Posts
1
Votes
James Terry
  • Harlingen, TX
1
Votes |
1
Posts
James Terry
  • Harlingen, TX
Replied

I want to.

User Stats

39
Posts
18
Votes
Krista Dodson
  • Real Estate Agent
  • Midlothian, VA
18
Votes |
39
Posts
Krista Dodson
  • Real Estate Agent
  • Midlothian, VA
Replied

WOW!!  Congratulations!!  I love your thought process, and I pray that you remember to return to this post when things start to get tough. To remember the priorities, and what you're getting out of being more present in your real estate business and with your family. And Kudos to your wife as well. I've been waiting for my husband to make the same AHA! Someday... Someday...

User Stats

146
Posts
104
Votes
David Hildebrandt
  • Cincinnati, OH
104
Votes |
146
Posts
David Hildebrandt
  • Cincinnati, OH
Replied

Thanks for all your positive feed back. I do plan on doing some consulting for small dealers in town, just to pay the bills.

I feel like I buried the lead a bit by wrapping it up in the context of this large life event. My point is I can't replace my income tomorrow, all I can do is take the next step and for me that is getting to know the people I have yet to meet, joining the local REIA, attending local meetings, especially the one @Joe Fairless runs here in town. I am not going to get rich posting on bigger pockets have to get out there and DO SOMETHING!

User Stats

221
Posts
30
Votes
Matthew Murphy
  • Investor
  • Rochester, WA
30
Votes |
221
Posts
Matthew Murphy
  • Investor
  • Rochester, WA
Replied

Big Jump!! Look forward to seeing your future progress. Keep us updated!

User Stats

257
Posts
129
Votes
Doug Woodville
  • El Cerrito, CA
129
Votes |
257
Posts
Doug Woodville
  • El Cerrito, CA
Replied

Good description of what a numbing job does to you. It melts your brain. Been there, quit and then returned after a couple years but in a slightly different capacity. I hope I'll be sharing my story like you have someday soon. 

User Stats

1,217
Posts
903
Votes
Chinmay J.
  • Investor
  • Northern, VA
903
Votes |
1,217
Posts
Chinmay J.
  • Investor
  • Northern, VA
Replied

@David Hildebrandt - I don't want t piss on your party but before hitting the send button on your resignation, did you consider perhaps finding a different job that was less emotionally draining? Maybe you would have to take a paycut, but going from $100K to $0. can't be easy on your lifestyle. Also, just so you know.. Banks love W2 income. They like that steady paycheck. Even if you go to HML he is likely to see you much more favorably when you have a steady W2 job as opposed to if you don't.

I am glad you have a great wife at home, and wish you nothing but success.

User Stats

23
Posts
15
Votes
Roy Lin
  • Investor
  • Los Angeles, CA
15
Votes |
23
Posts
Roy Lin
  • Investor
  • Los Angeles, CA
Replied

Best of luck to you!

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User Stats

146
Posts
104
Votes
David Hildebrandt
  • Cincinnati, OH
104
Votes |
146
Posts
David Hildebrandt
  • Cincinnati, OH
Replied

@Chinmay J. I am glad you brought this up as I am sure some people are thinking the same. The beauty of the automotive industry is they are always looking for someone will to give up there life in exchange for money. If push comes to shove I will be welcomed back with open arms. I am leaving on great terms.

However finding an alternate job with less stress (outside of being a barista) is a tough ask once you have 10+ years in the car business you are generally pigeonholed as less than.

We are financially positioned to endure quite some time of a lesser income. I feel terrible for people who feel like they 100% cant leave their job because they spend more than they make already. Lucky to not be in that position

User Stats

1,217
Posts
903
Votes
Chinmay J.
  • Investor
  • Northern, VA
903
Votes |
1,217
Posts
Chinmay J.
  • Investor
  • Northern, VA
Replied
Originally posted by @David Hildebrandt:

@Chinmay J. I am glad you brought this up as I am sure some people are thinking the same. The beauty of the automotive industry is they are always looking for someone will to give up there life in exchange for money. If push comes to shove I will be welcomed back with open arms. I am leaving on great terms.

However finding an alternate job with less stress (outside of being a barista) is a tough ask once you have 10+ years in the car business you are generally pigeonholed as less than.

We are financially positioned to endure quite some time of a lesser income. I feel terrible for people who feel like they 100% cant leave their job because they spend more than they make already. Lucky to not be in that position

Actually that's true in any industry. When you reach the upper echelon of earning, companies want your heart and soul. No such thing at 8-5 for those who want to be successful in life. I used to have friend who is my age but very high up in his career. The guy would always be working. Even on vacation, he would take his laptop. 

I am sure if you were able to be successful in car industry, you know what it takes to succeed.  At least in real estate it will be labor of love. Like the old saying goes.. "Choose a job you love, and you will never work a day in your life"... Good luck.

User Stats

7
Posts
0
Votes
Kazan S.
  • Mitchellville, MD
0
Votes |
7
Posts
Kazan S.
  • Mitchellville, MD
Replied

David,

This is just the message I needed to hear this morning. Thank you so much for sharing! I look forward to your next post. Best wishes!!