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Finally quit my J.O.B.! After 7 years of investing!
It’s been about 7 years since I read the life changing book “Cashflow Quadrant” by Robert Kiyosaki and after 14 amazing years, I quit my full-time job!
This post has been a long overdue. I have been meaning to post this on BP for so long. I thought, what is a better way to start the new decade on BP with this post being the first of the decade!
BP is the place where I started my journey about 5-6 years ago. I have bought and sold multiple properties through BP. One such property, I still own and made it to the "post of the week" on BP. You can check it out here if you are curious: https://www.biggerpockets.com/forums/223/topics/236786-how-we-made-5000-on-two-weekends-ie-4-nights-on-a-135k-condo
I had a high paying job in NYC that I quit after several years of investing in apartment complexes in my spare time. My first full day without a W2 job was on July 4th, 2019 (Independence Day). It just happened to pan out that way for my exit and never planned for it but I am glad it happened that way. Anyhow, I decided to turn my hobby and passion w/ real-estate into a full-time business to help others build wealth away from Wall-St. Going forward, I will be focusing my time on the following two things:
1) Syndications: Putting together investment opportunities for people to invest for the cashflow and have their money work for them.
2) Education: I launched a podcast to help high-paid professionals on personal finance.
I started with smaller properties in my local area. Slowly, I expanded into 5 different states with SFRs, duplexes, triplexes. It also included one airbnb rental. Then slowly over time I realized that even though this is so much fun and I was spending day and night on this stuff, it is not scalable. I went with the route of syndications. Since then, I have sold most of my portfolio.
It's been about 6 months since I left my FT job. I am so grateful for BP nation & real-estate. I owe it to BP for all the knowledge, relationships, investments and a community of like minded individuals. This has given me the ability to spend time the way I want. Thank you everyone who has helped me along this journey.
With Gratitude,
Pancham
@Pancham G.
Congratulations, that is a major accolade.
@Pancham G.
Rock n roll daddio!
Congratulations Pancham. Godspeed. I will be in your shoes in 5 to 7 years. All the best...
Thanks Darko
Originally posted by @Darko Butko:
Congratulations!
Originally posted by @Howard Herrington:Congratulations @Pancham G. ! I hope to one day follow in your footsteps.
Thanks Howard. Absolutely man. Totally possible!
Originally posted by @Lakshay G.:Congratulations Pancham. Godspeed. I will be in your shoes in 5 to 7 years. All the best...
Thanks Lakshay! and good luck to you as well!
Originally posted by @Nick Gann:@Pancham G.
Rock n roll daddio!
Thanks Nick!
Originally posted by @Eddie Ward:@Pancham G.
Congratulations, that is a major accolade.
Thanks Eddie!
Originally posted by @Jaspreet Baveja:Congrats @Pancham G.! Good for you man. I quit my FTE in May 2019 as well. I do my own Private Lending as well, invest in syndications. Been WAY better of a life doing this than a 9-5 and the time regained with my young kids and beautiful wife is priceless! Got to travel 9 countries this summer (drove through 7 of them myself) and what a blessing! Best of luck and would love to chat if you want to reach out!
Thanks Jaspreet! That awesome and congrats to you. Its fulfilling, isn't it? Sure. We can connect.
Originally posted by @Viswanathan Murugesh:Congratulations on writing this inspiring post. It gives me a lot of energy to see successful people like you fast forward my plans......
Wishing you the very best
Thanks Viswanathan... and good luck to you.
Originally posted by @Account Closed
Thanks Joel.
I am assuming that you are asking what kind of CoC return I was getting in SFR vs Syndications? Its hard to give one number as it all depends on number of factors like asset class, quality, location, etc. We can connect and discuss in more detail if you wish.
Sounds good
@Pancham G. Congrats .. I would like to connect with you. I am also a FTE with passion in RE investing. Also involved in some deals, would love to chat sometime.
If you don’t mind please share your number thanks
RD
@Pancham G.
That’s my dream!! Glad it worked for you!
Thanks for sharing your story. It's always great to hear details of making this kind of shift. Best of luck with everything you have going on!
@Pancham G. 👍🏾Great Work! Congratulations on your success.
@Pancham G. Congratulations Bro. Inspiration for lot of folks.
I am also looking to get into executive rentals so it was great to hear your story. Thank you for sharing!
@Pancham G.
Congratulations!
Wop wop wop
Wopom pancham style!
@Pancham G. Awesome story! Congrats on getting out the rat race!
@Pancham G.
Hi Pancham!
Wow, thats an amazing news !
Congrats and we are all happy for you !!
I am trying to get somewhere, somehow now after reading the same book as well lol.
Wish you the best !!
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Real Estate Agent GA (#397260)
- Berkshire Hathaway HS Woodstock
@Pancham G.
Congratulations Pancham. You are where I feel like being right now at age 33. But I am nowhere right now.
I want to know/learn more about your education & syndications. I need guidance.
I am a hardcore fan of Robert Kiyosaki and the rest of the gang (rich dad advisers) I have a total of 13 audiobooks from them! Trying to educate myself as much as possible.
I am as far as waiting to get an approval on a loan so I can grab 2-3 turnkey properties far away from me. (I am from NY as well) probably not the best choices to invest in but I want to do something because I am 33yr.