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The Realistic Path to Wealth: Investing in Real Estate WHILE Working a W2 w/Lawrence Briggs

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Manage episode 436615768 series 83575
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

Join BiggerPockets for FREE

Let Us Know What You Thought of the Show!

Invest in Turnkey Rentals with Rent to Retirement or text “REI” to 33777

Enter to Win a Free Ticket to BPCON2024 by Leaving a Positive Review on Apple or Spotify and Sending a Screenshot to BiggerPockets on Instagram

Grab Dave’s Newest Book, “Start with Strategy”

Property Manager Finder

See Dave and Lawrence at BPCON2024 in Cancun!

Should You Quit Your 9-5 Job to Become a Full-Time Real Investor?

Connect with Lawrence

Connect with Dave

(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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1222 episodes

Artwork
iconShare
 
Manage episode 436615768 series 83575
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

Join BiggerPockets for FREE

Let Us Know What You Thought of the Show!

Invest in Turnkey Rentals with Rent to Retirement or text “REI” to 33777

Enter to Win a Free Ticket to BPCON2024 by Leaving a Positive Review on Apple or Spotify and Sending a Screenshot to BiggerPockets on Instagram

Grab Dave’s Newest Book, “Start with Strategy”

Property Manager Finder

See Dave and Lawrence at BPCON2024 in Cancun!

Should You Quit Your 9-5 Job to Become a Full-Time Real Investor?

Connect with Lawrence

Connect with Dave

(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

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1222 episodes

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