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

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

FromReal Estate Rookie


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

FromReal Estate Rookie

ratings:
Length:
65 minutes
Released:
Dec 12, 2023
Format:
Podcast episode

Description

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: advertise@biggerpockets.com
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Released:
Dec 12, 2023
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.