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Real Estate Rookie

164: Rookie Reply: How Do I Escape My 9-5 with Real Estate Investing?

Real Estate Rookie

BiggerPockets

Entrepreneurship, Education, Investing, Business, How To

4.71.8K Ratings

🗓️ 12 March 2022

⏱️ 12 minutes

🧾️ Download transcript

Summary

This week’s question comes from Nash through Ashley’s Instagram direct messages. Nash is asking: How do I quit my job and become a full-time real estate investor? Nash isn’t alone in asking this question. Almost every Real Estate Rookie Podcast listener has pondered this as well. Even our hosts, Ashley and Tony, asked themselves this before leaving their jobs to pursue real estate investing full-time. What makes today's episode even more special is that Ashley’s partner, Daryl Clinch, just left his nine-to-five as well! Daryl is here to help answer Nash’s question on exactly what it took to leave his back-breaking work and pursue financial independence. Here are some suggestions: Live below your means—it’s much easier to replace your income when your expenses are low If you have no investing experience, find an investor that could benefit from your knowledge Calculate your “worst-case scenario” (it’s probably not as scary as you think) Quit professionally so you can return to work (if needed) Stay educated by listening to the Real Estate Rookie Podcast! And more in the episode… If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE). Links from the Show Real Estate Rookie Facebook Group Real Estate Rookie Youtube Videos Daryl's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-164 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Real Estate Rookie, episode 164.

0:05.1

My name is Ashley Care, and I'm here with my co-host, Tony Robinson.

0:12.4

And welcome to the Real Estate Rookie podcast, where every week, twice a week, we bring you

0:16.4

the inspiration, the information, the education you need to get started as a real estate investor

0:21.3

or keep going if you just got started.

0:23.3

So, Ashley, I see that you're not by yourself, you're not in your closet.

0:28.0

There's a man behind you who's got a big grin on his face, so I feel like you got some

0:31.8

good news to share with what's happening and what's going on.

0:33.8

In my DMs, I was reading a question.

0:35.8

I was going through and looking through what one we should read off today to do for our

0:40.0

Rookie reply.

0:41.4

And I got a question from Nash that was just about how he wants to quit his job and become

0:47.0

a real estate investor.

0:48.8

So I thought this question would go perfect with what happened to my business partner, Darryl

0:54.6

today.

0:55.6

So I'm going to bring Darryl Clinch onto the show today, say, all right, I know we're

0:59.4

all excited to get started, but let's take a quick break before we dive into today's

1:02.4

episode.

1:03.4

Hello.

1:04.4

Hi, everyone.

1:06.4

And to talk about something amazing that he did today.

1:10.3

So Darryl, what did you do today?

...

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