Quitting His 6-Figure Job with Just 4 Rental Properties!?
Рет қаралды 33,280
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 BiggerPockets for FREE 👇
www.biggerpockets.com/signup?
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Join the Real Estate Rookie Facebook Group:
groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
biggerpockets.com/findlenders
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Books Mentioned in This Episode:
“Set for Life”: store.biggerpockets.com/products/set-for-life-revised-edition?
“Buy Back Your Time”: www.amazon.com/Buy-Back-Your-Time-Unstuck-ebook/dp/B09Y55GLXJ
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Traveling the World Thanks to One $6,500/Month Rental Property w/ Olivia Tati:
www.biggerpockets.com/blog/rookie-297?
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Virtual Assistants, Roach Infestations, and Turnkey Companies w/ Maria Acosta:
www.biggerpockets.com/blog/rookie-podcast-57-maria-acosta?
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What to Do Before You Quit the High-Pay & Benefits of Corporate World w/ Daniella Flores:
www.biggerpockets.com/blog/money-305?
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Connect with Matt:
BiggerPockets: www.biggerpockets.com/users/ynginvstraustin?
Instagram: @marcelissen or marcelissen
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Connect with Ashley and Tony on BiggerPockets:
Ashley: www.biggerpockets.com/users/echopm?
Tony: www.biggerpockets.com/users/tonyr75?
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or wealthfromrentals
Tony: @tonyjrobinson or tonyjrobinson
Show notes at: 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!
@buildingbuildercip8292 6 ай бұрын
Walked away from a job in November of 2022. I was earning approximately $300k a year. I was 100% debt free and had about $2 million in paid off real estate. Now I’m at about $150k per year in net rent. It worked out to be the best for me. Eliminating a lot of stress.
@roderickwilliams2408 5 ай бұрын
What job were you doing?
@buildingbuildercip8292 5 ай бұрын
@@roderickwilliams2408 I was an operations manager, for a union company that specialized in industrial and high rise construction.
@robertruschak7083 5 ай бұрын
The moral of the story Get a $2 million net worth & use that capital to replace your $300k or $300 million job!!
@buildingbuildercip8292 5 ай бұрын
@@roderickwilliams2408I was an operations manager for a high rise/ industrial construction company. Started out as a union carpenter.
@HappyPenguin75034 4 ай бұрын
@@robertruschak7083easy easy 😃
@krishnapatel8838 16 күн бұрын
“Everyone and their cat was getting refi” took me out 😂
@123lauradlg 7 ай бұрын
Bigger Pockets needs to hire Matt - he was SOOOOOO entertaining and I laughed out loud several times. 😂😂😂
@d.s.7972 6 ай бұрын
Same here, he is a wonderful storyteller 😅
@wiseguyofpersonaldev 6 ай бұрын
100% agree
@rssoto8245 7 ай бұрын
A corporate job without a roadmap can be like a comfortable prison - it might feel secure at the moment, but it can limit your freedom and growth in the long run. Kudos to Matt for his journey.
@Bdsinvesting 7 ай бұрын
Loved Matt, would love to see and hear more from him! Great episode
@maguayo11 7 ай бұрын
This was a great episode. I appreciate all the information and experiences that Matt shared with you guys. Now I understand the importance to keeping the W-2 job.
@Doesitmatter282 2 ай бұрын
Matt’s such a great guy! Loved this episode.
@ikennachinweokwu7047 2 ай бұрын
Very entertaining and informative. Matt is a great story teller. Would love to know the decision he took and how things turned out eventually
@BiggCope 5 ай бұрын
Good episode
@DanKohan 7 ай бұрын
Loved the episode, Matt! Your story is so relatable, especially the part about sending those cringe-worthy offers-been there, done that! 🙈
@Selfworth25 7 ай бұрын
We need Matt more often 🎉 love the different tactics he took 💪
@crazy3rdgen 5 ай бұрын
Anyone have a time stamp for when this guy talks about leaving his 6 figure job with just 4 properties and what this looked like on paper?
@SuperApe3030 7 ай бұрын
Are bigger pockets podcast hosts w2 workers. Yall fulltime? Curious. 😊
@jxbx9074 7 ай бұрын
Great video, I relate to the guest on so many levels. Would love to talk to them some how is there any way I can get in contact/connect? Thanks have a great day
@biggerpocketsproducer 7 ай бұрын
We leave the guest/host socials & contact info in the KZfaq description
@valos85 7 ай бұрын
a great guest... include his name in the title😮
@MarioRuscovici 7 ай бұрын
Keep the W2 job! Hire property managers!
@InvestingwithBishop 5 ай бұрын
why? Screw a W2, much rather work for myself.
@danielvalerio9703 5 ай бұрын
I keep the W2 job and 2 time s bigger than my buddy who did real estate alone .
@InvestingwithBishop 5 ай бұрын
to each their own, I do quite well working for myself. Happy things are working for you though, cheers bub!@@danielvalerio9703
@legacyopp9318 7 ай бұрын
Why is it fire them ? They are just layed off when the office is closed.
@daveg2199 7 ай бұрын
I just came across your content recently and it’s fantastic. But I must say Ashley that microphone set up is so obnoxious It looks like your head is floating around the international space station😂
@crazy3rdgen 5 ай бұрын
Is that microphone big enough holy crap
@rass1818 5 ай бұрын
1031 my man!!!!!!! You don’t have to do the whole 55k.
@qundraygray 7 ай бұрын
Keep W2 and figure out the rest…
@youdqtube 7 ай бұрын
I LOVE how you keep suggesting people join the BiggerPockets Facebook groups, but then don't actually admit people when they apply. WTF?
@RealEstateRookie 7 ай бұрын
Please make sure to include your BiggerPockets Profile Link when joining. Sorry for the confusion!
@d.s.7972 6 ай бұрын
Love listening to Matt, this is great!