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The Property Podcast

ASK14: Should I quit my job and go into property full-time?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 1 December 2015

⏱️ 7 minutes

🧾️ Download transcript

Summary

This week on Ask Rob & Rob, Andy from Leeds asked: Should I quit my job and go into property full-time? Firstly you need to put a number on what you need to earn to justify leaving your job. It might not be as much as your current salary,

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, I'm Rob. And I'm Rob. And this is Ask Rob and Rob.

0:04.7

Hello everyone and welcome back to Ask Rob. This is episode 14 and we've got a

0:16.2

great question this week from Andy Norman and he's been a long time listening to

0:20.2

the podcast, been a very active hubber and and now he runs one of the meetups in Leeds, which

0:25.9

has just started, so make sure you check that out.

0:28.9

But the reason we're here today is because he's also phoned in with a question.

0:33.0

And if you would like to follow in Andy's footsteps and ask a question of your own,

0:37.0

two ways of doing it.

0:38.0

One, give us a call.

0:40.0

Just call 013 808 AAA AAA AAA 35. That's 013, 808,00035, that's 013, 808,00035, that's our voicemail number, you can just leave

0:48.1

us a message with your question. Or you can do what Andy did, which is go over to the Property Hub.

0:53.0

Net slash podcast, and you'll find a link on there where you can just record your

0:57.6

message into your computer and it will wing its way straight over to us.

1:01.1

So without further ado, let's hear what Andy has to ask.

1:04.3

Hi guys it's Andy from Leeds here. I'm considering giving up full-time employment

1:10.0

and becoming a full-time property developer investor instead.

1:14.0

With the basic plan of doing a couple of buy-to-sell refurbish since a year,

1:19.0

and one buy-to-let refurb project so that I can increase my own portfolio. that refurb

1:23.4

project so that I can increase my own portfolio.

1:24.0

What I'd like to know is what are the first steps you think I should take

1:28.0

and what I should have in place before I leave my current job.

1:31.4

I'm giving myself about six months to get prepared and I've already signed up for the

...

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