How to Quit Your Job in 90 Days Through Real Estate Investing

Below is an article I wrote that will be published in the April issue of Money Sense magazine.

Are you sick and tired of your job but you can’t quit because you can’t afford it? If you want to quit your job soon, you have to have an alternative source of income and I am here to tell you that real estate investing can be that new income source for you.

The “Why” That Makes You Cry

Before I show you how the income you will generate from real estate investing can replace your income, let me ask you a very important question. Why do you want to quit your job? Do not gloss over this question.

Jay Castillo used to work as an IT Manager and although the income was good, management decided to give Jay the jobs of 3 people while not increasing his pay check. The stress level was so high because of the additional work load, so much so that even though Jay is quite young, he developed hypertension. In addition to being away from his young child, his job was literally ‘killing’ him. Jay decided enough is enough and he developed passive income streams from real estate and internet marketing. More than a year ago, Jay quit his job and he never looked back. He is making more money NOW with a lot less stress while having all the time in the world to take care of his son and enjoy life with his wife.

Endangering his health while not seeing his child, is Jay’s “Why that makes one cry” – and are enough motivation for Jay to successfully quit his job.

What about you? What is your “Why that makes you cry?” Reflect on this. Write down the answer. If your “Why” is strong enough, you will figure out the “What” and the “How’s” in quitting your job.

Why Real Estate?

One attendee of my “Think Rich Quick” seminar, Lyn Syluancia, quit her high paying job as a design engineer for a top technology company in the Philippines. When I asked her what made her quit, she calmly told me “I quit my job when my income from real estate in one month became the same as my income from my job in one year.” You can easily do this in real estate because we are dealing with millions and so we literally make hundreds of thousands of pesos every deal or even millions of pesos. For example, one of my students, Kristine Aganon made P1.5 Million on just one deal.

What NOT To Do

Let me first tell you what NOT to do: You should NOT buy real estate and rent it out (and expect it will help you quit your job in 90 days).

Even though you may have read that you should buy real estate for passive income, the last thing you want that will enable you to quit your job in 90 days or less is a tenant. Why is this? Being a landlord will not make you BIG money in 90 days. In fact, if you do it the wrong way, you might even lose money. For example, as a beginner, chances are you do NOT know how to pre-screen tenants. What if you get a “tenant from hell” who will not pay you and even destroy your property? Can you afford to pay the monthly amortization out of your pocket? How much cash reserve do you have? If you are broke and have very little savings, DO NOT BECOME A LANDLORD!!!

If a Rental Property is Wrong, What Should I Do in Real Estate?

You should buy and sell houses for quick cash. A member of my website – BuyFirstDeal.com – RG Gonzales, bought and sold a house and made P100,000 cash in just a few days. He did this while working a full-time job and he was just a beginner. Later on, when you have a lot of cash in the bank and have quit your job, you can acquire some rental properties for cashflow.

So Tell Us Trace: How do I Quit my Job in 90 Days?

Here are the steps to quitting your job in 90 days or less:

1. Find out exactly how much money you need to quit your job. Let’s say P30,000 is your monthly expenses. I suggest you can quit your job if you have at least P180,000 in cash or at least the equivalent of 6 months of your expenses.
2. Learn before you leap. Read books, attend seminars, seek out mentors and mastermind with like-minded people about real estate investing. Also, decide which part of town you will buy and sell houses in and learn the values of the houses being sold there. Talk to the neighbours and real estate agents.
3. Line up your buyers. You can post generic ads like “Nice houses for sale. Tell me what you’re looking for and I will get you your ideal home.” Put your phone number and talk with potential buyers. Pre-screen them and identify the ones who are qualified to buy.
4. Look for the right properties that fit your buyers’ needs. Foreclosures can be a good source…or you can check out BuyFirstDeal.com for properties for sale.
5. Sell enough properties for your qualified buyers and you can quit your job sooner than you expect. For example, if you need P180,000 cash, you can literally meet that target with just one real estate deal.

dedicated to your success,
Trace
P.S. I have invited the Philippines' Youngest Abundance Coach to give an ONLINE seminar with me entitled "How to Quit your Job in 90 Days or less". It's a F.REE online seminar or webinar and you can register by cl.icking this L,INK. There are only 100 slots available so register NOW.