HOW TO QUIT YOUR JOB THROUGH THE POWER OF REAL ESTATE INVESTING a - PowerPoint PPT Presentation

HOW TO QUIT YOUR JOB THROUGH THE POWER OF REAL ESTATE INVESTING a Webinar from BiggerPockets Presented by Brandon Turner

WELCOME!

WHAT ARE WE GOING TO TALK ABOUT TODAY?

WHAT ARE WE GOING TO TALK ABOUT TODAY? • Should You REALLY Quit Your Job?

WHAT ARE WE GOING TO TALK ABOUT TODAY? • Should You REALLY Quit Your Job? • 5 Paths You Could Take to Quit

WHAT ARE WE GOING TO TALK ABOUT TODAY? • Should You REALLY Quit Your Job? • 5 Paths You Could Take to Quit • 6 Vital Steps To Follow Before Quitting

WHAT ARE WE GOING TO TALK ABOUT TODAY? • Should You REALLY Quit Your Job? • 5 Paths You Could Take to Quit • 6 Vital Steps To Follow Before Quitting • How BiggerPockets Can Help You

WHAT ARE WE GOING TO TALK ABOUT TODAY? • Should You REALLY Quit Your Job? • 5 Paths You Could Take to Quit • 6 Vital Steps To Follow Before Quitting • How BiggerPockets Can Help You • Question and Answer

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WHAT IS BIGGERPOCKETS?

WHO AM I?

WHO AM I? • Real Estate Investor

WHO AM I? • Real Estate Investor • VP of Growth at BiggerPockets

WHO AM I? • Real Estate Investor • VP of Growth at BiggerPockets • Author of The Book on 
 Investing in Real Estate with No 
 (and Low) Money Down (and The 
 Book on Rental Property Investing)

WHO AM I? • Real Estate Investor • VP of Growth at BiggerPockets • Author • I can beat Super Mario Bros 
 in 8 Minutes

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WHY DO YOU WANT TO QUIT YOUR JOB?

WHAT’S YOUR WHY?

SHOULD YOU REALLY QUIT YOUR JOB?

JOB VS. INVESTMENT

BECAUSE REAL ESTATE INVESTING FOR INCOME IS A JOB.

“FIND WHAT YOU LOVE TO DO IN LIFE MORE THAN ANYTHING ELSE – AND DO THAT FOR A CAREER.”

I’M NOT SUGGESTING THAT YOU SHOULD ONLY INVEST IN REAL ESTATE IF YOU LOVE INVESTING IN REAL ESTATE. I’M SAYING – ONLY INVEST IN REAL ESTATE AS A CAREER IF YOU LOVE INVESTING IN REAL ESTATE.

5 PATHS YOU CAN TAKE TO FIRE YOUR JOB

1. HOUSE FLIPPING

HOW MUCH PROFIT PER DEAL? HOW MANY DEALS TO REPLACE YOUR INCOME? HOW DO YOU GET THOSE DEALS?

HOW MANY DEALS DO YOU NEED TO OFFER ON TO GET ONE ACCEPTED? HOW MANY DEALS DO YOU NEED TO ANALYZE TO MAKE AN OFFER? HOW MUCH MARKETING DO YOU NEED TO DO TO GET ENOUGH DEALS TO ANALYZE?

2. WHOLESALING

HOW MUCH PROFIT PER DEAL? HOW MANY DEALS TO REPLACE YOUR INCOME? HOW DO YOU GET THOSE DEALS?

HOW MANY DEALS DO YOU NEED TO OFFER ON TO GET ONE ACCEPTED? HOW MANY DEALS DO YOU NEED TO ANALYZE TO MAKE AN OFFER? HOW MUCH MARKETING DO YOU NEED TO DO TO GET ENOUGH DEALS TO ANALYZE?

3. RENTAL PROPERTY CASH FLOW

HOW MUCH CASH FLOW PER UNIT? HOW MANY UNITS TO REPLACE YOUR INCOME? HOW DO YOU GET THOSE DEALS?

HOW MANY DEALS DO YOU NEED TO OFFER ON TO GET ONE ACCEPTED? HOW MANY DEALS DO YOU NEED TO ANALYZE TO MAKE AN OFFER? HOW MUCH MARKETING DO YOU NEED TO DO TO GET ENOUGH DEALS TO ANALYZE?

4. BRRRR INVESTING

BUY

BUY REHAB

BUY REHAB RENT

BUY REHAB RENT REFINANCE

BUY REHAB RENT REFINANCE REPEAT

WWW.BIGGERPOCKETS.COM/ ______

5. REAL ESTATE RELATED CAREERS

REAL ESTATE AGENT PROPERTY MANAGER ESCROW OFFICER TITLE COMPANY EMPLOYEE HOME REMODELING CONTRACTOR OFFICE ADMIN FOR A REAL ESTATE INVESTING COMPANY MARKETING PROFESSIONAL FOR INVESTORS MORTGAGE BROKER (COMMERCIAL OR RESIDENTIAL) BANKER (COMMERCIAL OR RESIDENTIAL) INVESTMENT COMPANY PROJECT MANAGER INTERN FOR A REAL ESTATE INVESTOR LIVE-IN RESIDENT MANAGER OF AN APARTMENT COMPLEX AND A LOT MORE

BiggerPockets Job Board THE BIGGERPOCKETS MARKETPLACE BiggerPockets.com/marketplace

6 VITAL STEPS TO FOLLOW BEFORE QUITTING

1.) START WITH AN HONEST EVALUATION OF YOURSELF

2.) CUT YOUR EXPENSES AND SAVE UP CASH

3.) GAIN EDUCATION

4.) DEFINE YOUR OBJECTIVE

5.) FIND YOUR NEW INCOME SOURCE

6.) HUSTLE YOUR TAIL OFF

6.) HUSTLE YOUR TAIL OFF •Analyze 3 Deals Per Day

6.) HUSTLE YOUR TAIL OFF •Analyze 3 Deals Per Day •Make Offers on 10% of Analyzed Deals

6.) HUSTLE YOUR TAIL OFF •Analyze 3 Deals Per Day •Make Offers on X% of Analyzed Deals •Get X% of Your Deals Accepted

WHY DON’T MOST PEOPLE EVER TAKE ACTION?

1.) NOT COMMITTED

2.) FEAR

3.) DON’T KNOW THE RIGHT PEOPLE

4.) NO MONEY

5.) CAN’T FIND A DEAL

How Can BiggerPockets Help?

Networking

Education

Dealmaking

Motivation

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QUESTION AND ANSWER I am not an attorney, accountant, or your mother. Please use common sense and know that this is just entertainment and I am nothing but a circus clown here to entertain.

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