The leap from a W2 to full-time investing can be testing. On the one hand, a W2 offers a stable, secure income but with limited possibilities for growing your wealth while on the other hand, full-time investing affords you self-control and direction but without a safety net. These tradeoffs often make it difficult for people to leave their W2s and can cause them to get stuck in analysis paralysis.
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Planning is certainly important but so too is having faith that it will work out. Our guest today, Enrique Jevons, is proof that if you take that (calculated) leap of faith, real estate investing can set you on the path to financial freedom. In this episode, we learn more about Enrique’s incredible story and what catalyzed his departure from a W2 to working in property management. He sheds light on his business plan, how much money he had as a safety cushion, and the importance of having a solid exit plan. We also explore more on how he is building his property management company and the success he has seen with it. If you want to leap from full-time employment to real estate investing but are feeling unsure in any way, Enrique’s story is just the inspiration you need. Tune in today!
Key Points From This Episode:
- From the hotel industry to working in property management: Enrique’s background story.
- Moving into full-time real estate investing is a balance between planning and a leap of faith.
- It is important to find a mentor figure so you can avoid the mistakes they have already made.
- Why being focused in all aspects of the business will stand you in good stead.
- How Enrique developed his business plan and some important things to include it in.
- Find out how Enrique knew that it was the right time to jump ship from his W2.
- Lessons Enrique has learned about decision making and why he joined forces with Mynd.
- The importance of partnerships in helping you to grow, especially when starting out.
- Use your competitive advantage to add value to whatever team you are on.
- Why Enrique is not too concerned about the predicted market downturn.
[bctt tweet=”The more planning you can do, the fewer mistakes you’re going to make. — Enrique Jevons” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Enrique Jevons
For over 20 years Enrique Jevons worked in various management positions for Hyatt Hotels, Stanford University, and finally as a General Manager for a Marriott Hotel, all while personally investing in rental properties. Enrique currently owns 73 units, although at one point he owned over 240, and manages 943 units for other owners for a total of 1,016 units under his management in Washington State. Born and raised in Palo Alto, California, Enrique has now lived in WA State for the past 12 years. While in California he graduated from San Francisco State University with a Bachelor of Science Degree in Business Administration. Enrique’s focus now is to provide the same 5-star hotel service he grew up with to the properties he manages as a part of the A-Team at Mynd Property Management.
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