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BiggerPockets Real Estate Podcast

919: How to Use Real Estate to Quit the 9-5 Grind

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.816.6K Ratings

🗓️ 21 March 2024

⏱️ 40 minutes

🧾️ Download transcript

Summary

Ready to escape the rat race and leave your nine-to-five behind? You’re tired of the early mornings, late nights, alarm clocks, and commuting. You want to go out on your own, create your own destiny, gain autonomy, and control your schedule. Can real estate help you get there? Definitely, but it won’t be the way you think. Those popular flipping shows on TV and influencer Instagram feeds love to show how easy and fun it is to be a full-time real estate investor. But is this reality? Today, we’re having an “escape the rat race” roundtable as Dave Meyer, David Greene, and Rob Abasolo discuss the best way to quit your job with real estate. Two of these investors are full-time real estate professionals, while one still holds their nine-to-five. In this episode, they get into the exact strategies you can use to start building wealth through real estate, create cash flow to replace your job, and determine which investments will work best for you. There’s even one strategy they ALL agree is the best way to get started. But before you hand in your two weeks’ notice, you better listen up. The world of full-time real estate investing isn’t what it seems on the outside, and unless you’re willing to put in the work, you might as well stay at your job and invest on the side. Want to hear about the grind none of the investing gurus will tell you about? Stick around; we’re sharing it all in this episode.  In This Episode We Cover: How to quit your nine-to-five job and start investing in real estate full-time The easiest way to get started investing in real estate that EVERYONE should do Active vs. passive real estate investing and whether you should flip houses or fund other people’s deals The truth about real estate cash flow and why it WON’T solve the problems you want it to Which personality types should invest in which assets (and the ones you should avoid) Real estate jobs you can start NOW that will help you get into the game even faster  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Grab Dave’s Book, “Start with Strategy” Forum Post: Which real estate strategy works best to escape the 9-5 rat race? Hear Last Week’s Seeing Greene, “Seeing Greene: Can I Escape the Rat Race with Just $70K?” Why you shouldn’t quit your 9-5 job to become a real estate investor David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPocket's Instagram Connect with Dave: Dave's BiggerPockets Profile Dave's Instagram Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-919 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Bigger Pockets Podcast Show 9-19.

0:04.8

What's going on everyone?

0:05.8

This is David Green, your host of the Bigger Pocket's Real Estate Podcast,

0:09.2

and I brought back up with me.

0:10.8

I'm joined today by Rob Abbasolo and Dave Meyer on a special show.

0:15.2

And on this special show today we're going to be answering the age-old question, which real estate strategy

0:21.7

works best, specifically if you want to leave your 9 to 5?

0:25.9

So let's start with you two, Rob and David, how long have you been out of your 9 to 5?

0:30.6

I'm still in my 9 to 5, and how long did it take you to get there?

0:34.6

Okay first of all technically you are still in your 9 to 5 but you work at bigger pockets.

0:40.1

Yeah. I mean it's like you get the best of both worlds.

0:42.5

I don't want to glaze over that.

0:44.1

Now me, I have been out of my 9 to 5 in advertising,

0:47.5

oh, in the last, I would say three years, three,

0:50.4

three and a half years.

0:51.2

Rob, how long were you investing before you got out of your nine to five?

0:56.5

About four or five years.

0:58.0

Okay, that's pretty solid. What about you, David?

1:00.1

I, God, I'm so bad with dates.

1:01.9

I think I left being a police officer in 2016 and joined I got out of my 9 to 5 and got into like a 7 to 7 as I became an entrepreneur and just working way more in real estate.

1:15.0

But I bought my first investment property in 2009 and have been steadily buying ever since.

1:21.0

And in today's show, we're going to be sharing the path out of the 9 to 5 jungle and into the world of full-time real estate.

...

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