I know; you just can't wait to quit that annoying but well paying “JOB” (that's right … the one that pays the bills) and dive into full time real estate investing.
I have just one thing to say about that:
“Don’t Do It! At least not yet”.
I cannot over-state the importance of a good BJ or “Bridge Job” when you are starting any business, but it is especially important when your new business is real estate investing.
This job that you are so eager to escape can save you from disaster when your new business takes longer than expected to start earning some real money. Your bridge job is the thing that will keep you afloat during those early years. It might be a full time job or it could be one or more part-time jobs. But whatever it is, you will need that job to get from where you are to where you are going. So don’t burn that bridge just yet! Read the rest of this entry →