Should I Go All In on Real Estate Investing After Losing My Job?
Ramsey Everyday Millionaires
Ramsey Network
4.6 • 3.6K Ratings
🗓️ 13 October 2025
⏱️ 8 minutes
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| 0:00.0 | This episode is brought to you by SmartVestor. |
| 0:07.7 | Connect with an investing pro near you at Ramsey Solutions.com slash SmartVester. |
| 0:12.4 | Brandon's in Indianapolis. |
| 0:15.2 | Hey Brandon, what's up? |
| 0:16.2 | Thank you for taking my call, gentlemen. |
| 0:18.4 | I really appreciate it. |
| 0:19.3 | Sure. |
| 0:19.8 | How can I help? |
| 0:25.9 | I was, so I worked my way up in a company here in Indianapolis from the bottom and I got to a real high, good high paying position. I did your steps. I won't do to baby step seven. |
| 0:32.5 | We were in a great position. I was getting ready to invest in possibly some rentals on the |
| 0:37.1 | side and then I was laid off. And I need to know if I'm in a position to possibly do this and make this my dream. I wanted to work myself for a while and kind of get out of the corporate world, or if I'm dreaming and I need to stay in the corporate world. I've turned down two jobs so far, and I just, I'm really not sure what to do. What were you making? |
| 0:55.5 | $350,000. Okay. Can you make that again? |
| 0:59.2 | No, I won't make that much immediately, no, but there's potential there in a few years. |
| 1:03.7 | But you can land on a quarter million, easy, right? Yeah. Okay. So the thing you want to measure against is, okay, if I do real estate and I make 100,000, I've lost 150. Okay. So if we're going to do real estate, we've got to make a quarter million, or we've got to see a way to do that fairly quickly. I don't mind taking a step back as long as I can get back to where we are. But if you think, |
| 1:27.8 | okay, I'm going to do flips and I can make $100,000 a year and that's all I'll ever make, I wouldn't do that. No, I'd do flips and go get a job because there's a quarter million dollars on the table. Yeah. I mean, you're, what are you worth is what amounts to? And so how can we get the most value out of you |
| 1:44.6 | without you losing your soul, of course, in the process? We're not doing that. But point being, |
| 1:49.9 | if you can do something you like with a good, strong company, make a quarter million. But if you |
| 1:55.0 | could do real estate and make 300, let's talk about doing that instead, can you? I don't know. I don't think I can't immediately know. No, I mean, it wouldn't be immediately. What are you talking about doing? Investing and flipping, or what are you talking about? Right now I've got about $600,000 cash. Okay. And my goal would be to obviously buy a couple of holes and kind of get the ball rolling there. And I don't need a lot. |
| 2:18.1 | I mean, don't even wrong, I don't want to take a huge step back. |
| 2:20.0 | But I mean, if you bought two rentals, they're not going to throw off on 600 grand. |
| 2:24.6 | I mean, you're going to throw off $6 or $8,000 a month. |
| 2:27.7 | Yeah. |
... |
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