Quitting His 6-Figure Job with Just 4 Rental Properties!?

Quitting His 6-Figure Job with Just 4 Rental Properties!?

Episode #347

Is it your dream to quit your 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!

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Join the Real Estate Rookie Facebook Group:
Find an Investor-Friendly Agent in Your Area:
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Books Mentioned in This Episode:
“Set for Life”: https://store.biggerpockets.com/products/set-for-life-revised-edition?utm_source=owned_media
“Buy Back Your Time”: https://www.amazon.com/Buy-Back-Your-Time-Unstuck-ebook/dp/B09Y55GLXJ
Traveling the World Thanks to One $6,500/Month Rental Property w/ Olivia Tati:
Virtual Assistants, Roach Infestations, and Turnkey Companies w/ Maria Acosta:
What to Do Before You Quit the High-Pay & Benefits of Corporate World w/ Daniella Flores:
Connect with Matt:
BiggerPockets: https://www.biggerpockets.com/users/ynginvstraustin?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @marcelissen or https://instagram.com/marcelissen
Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or https://www.instagram.com/wealthfromrentals/
Tony: @tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Show notes at: https://link.chtbl.com/Rookie

00:00 Intro

02:33 Working ON Real Estate

07:41 Lifestyle Creep and Cutting Costs

12:55 Learning to Flip Houses

20:38 The Second House Flip

25:11 Bad Contractors and DIY Renovations

32:30 Long-Term Rental Nightmare

44:55 Matt’s Current Finances

49:53 Should He Quit His W2 Job?

58:35 Connect with Matt!

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