Quote from @Tim Robbie:
Quote from @Garett Biondo:
Hey BP community. I come to you with a predicament that I'm hoping to get some outside perspective on. I'm a structural engineer with zero passion for my current career path. The only reason I studied engineering was because my strength in grade school was math and I didn't really know what I wanted to do. It wasn't until a little over a year ago when I discovered BP that I realized what I want to be and that is a full-time real estate investor.
I have consumed a lot of pages and podcasts in the past year so I know how helpful it is to have a high-paying W2 to fast-track your way to FI. An engineering career path can provide that, but it requires a PE license and quite a bit of experience. I'm at the stage in my career where there is pressure to study for and take the PE exam. However, I feel like I'm living a lie working in a field that makes me unhappy just because it'll provide me stable and sufficient income to invest in RE. Also, if i do get my license, it would feel like a waste of time and money when I jump into this thing full time. I'm at a crossroads and I want to follow the path that rewards me with both enjoyment and the tools necessary to become a successful investor. If you were in my shoes, would you switch to a career within the real estate industry due to your passion in REI? If so, what occupation would make the most sense? Or would you stick with engineering and invest until you can quit when you hit FI?
I really appreciate any suggestions/guidance you can think of!
- Garett B.
Do you have the resources to start in RE now?
if so then why wait?
I have some cash reserves, but not enough to get started on my own in my market. Ideally, my first deal won't require a huge cash outlay because I want to leverage primary residence lending options. I think it might be smarter to wait until I've either saved more or I've moved to a market with a smaller barrier to entry.
