Full Time Real Estate - left W2 job last week!

[Cliff Harrison]

I'm wrapping up week one of a new REI oriented lifestyle having left behind 25 years of corporate work in the IT field. So far, it's exactly what I was looking forward to. I had a backlog of projects I'm now able to get to and have just closed on two new properties where I will have time to do a little more hands-on work.

In the next couple months I plan to pursue getting licensed (mostly just to earn commissions on my own purchases including apartment complexes) and find and close my second syndicated deal.

I started doing significant REI research in 2014, closed my first property in January 2015, and currently have 28 units in my personal portfolio and 40 units in my first syndicated deal.

I can feel my soul re-inflating with total control over my day-to-day schedule and priorities.  

Hopefully the good trends will continue with REI and I won't have to jump back into the IT field. I don't think it would be a problem to do that if needed but it's not Plan A.

Thanks for reading - good luck on your own REI endeavors.

Cliff

[Scott F.]

@Cliff Harrison

Great news!!

DON”T listen to your friends that will be so concerned for you: “don’t you think you should keep working just until" …. ”Are you crazy, you had a great job”, “why would anyone want to deal with tenants, they don’t pay, the roof will leak, the water heater will go out – I’m shocked you would take such a gamble with your family”

FEED off these people, just know when you hear these things you just put the gold medal around your neck! Your friends like / love you, but they’re afraid that you will do (and apparently so) better than their doing. How can Cliff be doing so well,… we grew up together, worked together, were in the service together…… 

You’re the CHAMPION you took the time to figure out what it takes to go out kill something and bring it home so you had food on the table!

ALWAYS listen to your inner gut feeling, NEVER listen to the broke people that never had a rental property, never had a dream they acted on, never had the courage to leave the safety net of corporate life to work on their own.

Your life just got 10 times easier and 20 times harder because it’s all up to you now; but the reward of knowing YOU did it is 100 times sweeter than the pay check you once received. Now YOU set the pay scale.

Be smart with your decisions, be cautious, and get advice from people that have money and rental properties (BP), not ones that don’t and you’ll become a hero after the naysayers realize they should have followed you out the door.

Good Luck!