Finally quit my J.O.B.! After 7 years of investing!

[Pancham G.]

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

[CJ M.]

@Pancham G.

Cool pic, and congrats on your success!! You seem like you're a pretty grounded guy with an attitude of gratitude, so best of luck on future endeavors!

[Pancham G.]

Thanks @CJ M.! Appreciate your comments.

[Scott Wolf]

Congrats @Pancham G.!  Glad to see it's possible even on good ole expensive Long Island(I was born and raised there)!

[Taylor L.]

Congrats brother! Every time we've talked you've generously shared a lot of wisdom and experience, much appreciated!

[Jill F.]

Congratulation!!

[Pancham G.]

Originally posted by @Scott Wolf:

Congrats @Pancham G.!  Glad to see it's possible even on good ole expensive Long Island(I was born and raised there)!

Thanks! Absolutely Scott Wolf! Its possible!

[Pancham G.]

Originally posted by @Taylor L.:

Congrats brother! Every time we've talked you've generously shared a lot of wisdom and experience, much appreciated!

Thanks Taylor!

[Pancham G.]

Originally posted by @Jill F.:
Congratulation!!

Thanks Jill!

[Blake Hrabal]

@Pancham G.

Good post! Congratulations on your successes! Inspiring for sure.

[Justin Kurpius]

@Pancham G. Congrats. I look forward to checking out your podcast. I hope to be u in 7

[Kevin Dougherty]

Yes, and another one exits the "Rat Race" Congrats and Good Luck!

[Pancham G.]

Thanks @Blake Hrabal @Kevin Dougherty and @Justin Kurpius!

You absolutely can be! Great @ podcast.

[Darko Butko]

Congratulations! 

[Howard Herrington]

Congratulations @Pancham G. !  I hope to one day follow in your footsteps.

[Anuj Arora]

Congrats Pancham. I am following the same path and have the same goals. I started last year and have closed 1 SF and 1 Quadplex. 2020 goal is to enter into small apartment complexes or syndication. Will PM you.

Cheers

[Whitney Hutten]

@Pancham G. Congrats!!!

[Jarrett Duncan]

Congratulations @Pancham G.!  Thanks for sharing.  Best of luck with all your future endeavors!  

[Andre Jernigan]

Congratulations @Pancham G. ! This is a point that we all are striving to reach in the future. It sounds like you have been enjoying your newfound freedom. I am sure you are enjoying spending that time how you want now. Best of luck on your future endeavors!! 

[Sid Shankar]

Congratulations Pancham, great achievement. Since you say that you have invested in syndications and want to help other investors with the same, can you recommend a few. Did you also evaluate other completely passive investment rental investments and what are the pros and cons
thanks,

Sid

[Johnson Michael]

Congrats Pancham. Good to read your post. All the best for the future.

Cheers,

Johnson

[Gena C.]

Congratulations on your success! Well done! 👏🏻

[Palmira Angelova]

@Pancham G., that's fantastic, congratulations!! 
Curious what your cost structure (charge to customers) was for your Syndications endeavor? I've thought about this a lot previously, but had trouble thinking of a good cost structure that would be worthwhile for me but attractive to those that wanted to invest through a Syndication.

Would love to hear your thoughts - thanks!

[Account Closed]

@Pancham G. great post.!!

What kind of cashflow did you have on your SF portfolio and what kind of cashflow do you have now that you changed  RE models?

[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

[Jaspreet Baveja]

Congrats @Pancham G.! Good for you man. I quit my FTE in May 2019 as well. I do my own Private Lending, 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!