You DON’T Need to Quit Your Job to Get Rich with Real Estate

Episode #1,010

Invest in Turnkey Rentals with Rent to Retirement:

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:

Join BiggerPockets for FREE 👇

Let Us Know What You Thought of the Show!

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:

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!

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

[lawrencebriggs]

I am beyond grateful for this opportunity to share my story with the BiggerPockets community! This community has been extremely supportive of my real estate investing journey!

To Dave Meyer, the entire BiggerPockets team, and every listener/viewer of this episode, THANK YOU! 🙌🏾

[fundingfreedomwithben]

GOLD. Many of my investors started off with full time jobs with kids and salaries and they just slowly added to their portfolio over time and eventually retired early or quit their jobs because they were replacing their current income. That's why I think buying 2-4 unit properties can accelerate this process, plus easier to manage with multiple doors in one place

[spidaman]

My three favorite channels: Biggerpockets, Stock Brotha, & Everything Money. Great to watch! 🔥 🔥 🔥

[TJ-thhw]

Lawrence always provides great insights to Real Estate investing. Dave thanks for having him on the podcast.

[evilbunny]

I’m an also an investor working W2 and side hustling as a realtor in the Austin Texas area. Since becoming a regular listener to Bigger Pockets for the last year, it has given me so much insight and the confidence to purchase another property early this year using creative financing and running it as a MTR. Many thanks for the interviewers and the contributors to the show. Would love to have the opportunity go to BP Con this year. 😊

[ryangodges]

Incredible. This was a moving podcast. Lawerence you are an inspiration to us all

[Ben-ml]

Lawrence stays moving!!!! Love following him!!!

[RentToRetirement]

@lawrencebriggs great interview! We look forward to seeing you speak at BPCON 2024! Rent To Retirement is honored to sponsor this episode. Please feel free to reach out with any questions about build to rent, turnkey investment properties in some of the best markets throughout the country. We have some great lending options currently that allow for 3.99% rates and 0% down on new construction rentals!

[steeleevangelisti]

I’m 22 years old who has only been investing since last November and I’ve been listening to every BP episode that has come out over the last year or two. I’ll be honest, I think podcast can be a little corny but I have become addicted to listening to these episodes. When I stop listening to them for a few days I feel like I am off my game, almost like how you feel when you skip the gym for a couple days. When I run out of current episodes I literally go back to the og episodes with BT just so I feel like I am making the most of my free time. In 10-20 years from now I will be in a completely different place in my life and not to glaze but BP will be a huge reason for that.

[Sonja_Mariie]

WOW!! Such a great episode. So nice to see realistic doable steps for beginners to get into real estate in the current market we're in. Loved the habit stacking tip of the meal delivery side hustle and driving for dollars. Also, it's nice to hear Lawrence Briggs' story. Lawrence adds so much value in the BP Facebook groups.

[Lovingmylife]

Great interview. I can relate on several levels. Not quite ready to leave my w-2 for re full time either.

[missmaryjanegreen]

Love Such great insight.

I left Dallas for Detroit & everyone thought I was insane. Not only do I have a much better quality of life but I am investing in real estate at a higher rate than I would have been able to in Dallas. Bonus: I absolutely love the city!!!

[lollie]

I really enjoyed this episode. What a wonderful story Lawrence has and gives me hope about starting my own RE journey. I also don't want it to be my main thing but it does seem to have been the only pathway highlighted in prior episodes. Glad to see some different perspectives here finally and not just the "100 doors" mogul type.

[LifehasnoNiche]

The income and stability of w2 allied us to build our portfolio

[smamucha]

He has so MUCH wisdom. I love that RE can make it possible to pursue our Dream Careers at some point🎉😊

[l.p.]

This is just recycling David Greene content.