347: How to Quit Your W2 Job and Become a Full-Time Real Estate Investor w/Matthew Marcelissen

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 12 December 2023

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is it your dream to quit your W2 job and pursue real estate investing full-time? Unfortunately, the transition from working for someone else to becoming your own boss doesn’t happen overnight. As you’re about to learn from today’s guest, there are several factors you MUST consider before handing in your two-week notice! Welcome back to the Real Estate Rookie podcast! Today, we’re chatting with Matt Marcelissen, an HR consultant by day and investor by night. In only a few years, Matt has built a real estate portfolio of four properties and eleven doors. Now, he finds himself at a crossroads. Should he quit his corporate job to focus on real estate? On one hand, Matt’s six-figure salary provides a sense of financial security and allows him to save money for more real estate. On the other hand, Matt commits most of his time and energy to his W2 job during the day—leaving him too mentally and physically exhausted to work on his real estate business. In this episode, Ashley and Tony offer some invaluable advice to not only Matt but also any rookie investor who might be considering a full-time career in real estate. Whether it’s sticking with your W2 job, dialing back to part-time, or creating multiple streams of income, there are all kinds of ways to make real estate work for you. Stay tuned to find the BEST option for you! In This Episode We Cover When to quit your W2 job to focus on your real estate business Reducing your monthly expenses to free up more money for real estate How to avoid lifestyle creep with a high-income W2 job Why you NEED to hire a virtual assistant for your real estate business Costly mistakes to avoid on home renovation projects Landing MORE deals by submitting backup offers on properties And So Much More! Check the full show notes here: https://www.biggerpockets.com/blog/rookie-347 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is a real estate rookie episode 147.
0:05.0	My name is Ashley Kerr and I am here with my co-host Tony J Robinson.
0:10.0	And welcome to the real estate rookie podcast where every week, twice a week we bring you the inspiration, motivation, and stories you need to hear to kick start your investing journey.
0:19.0	And today we've got an amazing guest, Matt Marcelluson.
0:22.8	And Matt is a funny guy, great to tell him stories,
0:26.5	and you'll hear the ups, the downs,
0:28.8	the ins, outs, the lefts, the rights of his journey,
0:31.6	building out his portfolio.
0:33.1	And we talk a little bit about the end
0:35.0	of whether or not Matt should quit his day job
0:37.5	and do this real estate thing full time.
0:39.0	We actually found Matt and met him
0:41.2	in the real estate rookie Facebook group.
0:43.2	So if you are not a member, please join.
0:45.7	And this is where Matt had asked for advice
0:48.2	on whether he should quit his job or not.
0:49.8	And there's hundreds of comments of people giving their advice on there.
0:55.2	And ultimately, we decided to drag Matt onto the show
0:58.3	to talk about his story and where he's at now with 11 units
1:01.8	in making that decision.
1:04.0	So he gives us, we read the Facebook post,
1:06.4	we kind of go into background of why he's thinking
	...

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