The Realistic Path to Wealth: Investing in Real Estate WHILE Working a W2 w/Lawrence Briggs
Wondering how to invest in real estate so you can finally quit your job? Then, this episode might surprise you. While most real estate educators online are constantly stressing how you must leave your W2 so you can become a full-time real estate investor, today, we’re going to do the opposite, proving why most real estate investors SHOULD keep their job and let real estate supplement their dreams, instead of becoming their dream.
Take it from Lawrence Briggs. He’s an avid BiggerPockets listener who moved to a different city just to invest in real estate. With such passion and drive, you’d think he wants to become a full-time landlord. But the truth is…he doesn’t. His passions go far beyond managing tenants and fixing toilets, so he uses real estate to amplify his lifestyle and protect his finances so that he never HAS to get a job but can choose the exact job he wants to work.
Today, we’re talking to Lawrence about balancing your W2 job with real estate investing, why you DON’T need to quit to reach (even a small amount of) financial independence, the side hustle he used to save up for his first rentals, and how he works just a few hours a week managing his real estate portfolio. This is the realistic way to build wealth through real estate, and if Lawrence can go from poverty to multi-unit landlord, you can invest, too!
In This Episode We Cover:
How Lawrence escaped generational poverty through sacrifice and smart investing
Why Lawrence does NOT want to quit his job for real estate but would do something else instead
Moving to invest in real estate and why your salary-to-home-price ratio matters
The realistic way to spend just a few hours a week managing your rental properties
One super flexible side hustle Lawrence used to make money, learn how to invest, and find properties
And So Much More!
Links from the Show
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See Dave and Lawrence at BPCON2024 in Cancun!
Should You Quit Your 9-5 Job to Become a Full-Time Real Investor?
(00:00) Intro
(01:31) BPCon2024 Giveaway!
(02:55) Switching Jobs to Invest
(11:24) Food Delivery Side Hustle
(16:31) I DON'T Want to Quit
(18:52) Breaking Generational Poverty
(21:34) Dream Job for Investors
(26:37) Time Spent Managing His Rentals
(31:12) You Don't NEED to Quit
(33:55) The Dish
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1010
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