Questions For the Experts at Real Estate Elevated: Should I Quit My Job to Start Flipping Houses?
Many people who invest in real estate have a full-time job when they start their investment journey. This is impressive on its own, but when you add other activities to the mix like family obligations, social events, and hobbies, it may seem near impossible to balance them all.
Having a non-traditional schedule can help make the transition much less hectic. For example, Tarek and I started house flipping while working as full-time real estate agents, meaning we weren’t confined to a 9 to 5 work day. This made it easier for us to integrate real estate investment into our daily schedule, fitting it in where we could. But, we still had our own struggles with fitting the rest of our busy life into the calendar.
We spent a great deal of our time on the management side of house flipping, filming our TV show, and making time for those we love. Life certainly gets hectic with our family, but we’ve discovered that it is definitely possible to find time for everything — and without completely losing your mind.
Reach For Your Goals
When you’re truly driven, nothing can stop you from reaching your goals with house flipping. Tarek and I made a decision to start flipping houses as a more serious part of our career. From that moment forward, we were totally committed to our goal.
This means we made sacrifices like waking up early, staying up into the wee hours of the night, or squeezing in a few minutes of work during otherwise idle moments of the day. This is especially important for those with a full-time job. Your dedication will pay off in the long run and will allow you to make real estate investment your full-time gig.
Every great real estate investor has mastered the art of persistence. This will give you the motivation to keep going even when struggles come up. On our first flip, we made a long list of mistakes and often wanted to throw in the towel. But ultimately, our persistence won out and kept us going toward our dreams.
Organize Your Projects
It’s very unlikely that you’ll be a successful investor if you aren’t organized. Make sure you’re thoroughly sorting through every project you have going on, utilizing tools like calendars, planners, timers, and reminder notifications. Time is money, so use it wisely and effectively.
Track Your Time
As with all side businesses and entrepreneurial endeavors, house flipping can start to take over your life and suck up all of your personal time if you let it. This isn’t a healthy way for anyone to live, so we highly recommend setting limits to avoid issues before they start. Set a “start” and “stop” time before you begin working so you don’t let the time get away from you. Make sure you prioritize personal and family time.
Learn More From Real Estate Elevated
Avoid getting discouraged — real estate investment along with a full-time job can be difficult, but your efforts will be rewarded in the end. Once you are an established and successful house flipper, quitting your job may make sense.
Learn more tips for success from Real Estate Elevated. Tarek & Christina Seminars are hosted by experienced, successful real estate investors who have a wealth of knowledge to share. Jumpstart your house flipping career with Real Estate Elevated today!