322. When to Quit Your W2 for Real Estate | Office Hours
The Commercial Real Estate Investor Podcast · The Commercial Real Estate Investor Podcast
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Show Notes
Key Takeaways:
Advice on leaving W2 job for real estate syndication:
Don't leave your W2 job too quickly
Start small and gradually build your portfolio
Fees from initial deals likely won't cover living expenses
Have a backup income source while growing your real estate business
Challenges of starting a syndication:
Raising capital is difficult
Initial deals may not generate significant income
Need to be prepared for 2-3 years of limited earnings
Requires careful deal selection and strategic planning
Personal updates:
Closing first solo commercial real estate deal
Writing third book on commercial real estate
Growing mastermind groups to 140-160 members
Upcoming events and speaking engagements
Investment strategy recommendations:
Partner on deals when possible
Start with smaller projects
Build relationships in the industry
Be patient and strategic about growth