economie

He worked 2 nursing jobs to help fund his real estate side hustle. Now, at 29, it’s his main focus.

806 Wolfs Lane, Pelham, New York before (top) and after (bottom). The home sold for about $2.2 million.

After a couple of purchases, one of which turned into a part-time rental and another which sold as a flip, Singh started a construction project that involved knocking down a property and building a new one. It ended up selling for around $2.2 million in May 2023, producing $1 million in revenue, which was divided between him and his partners.

Singh said the milestone of hitting $1 million in revenue finally made it feel like a real business.

It came with a lot of sacrifice

Singh said the last few years were worth it, but he wouldn’t recommend the lifestyle to others.

Up until a few months ago when he got married, Singh lived at home with his family to save money. He also spent his 20s sacrificing his social life and other important moments like Thanksgiving and Christmas.

I sacrificed relationships. I sacrificed my own health,” Singh said. “I got sick pretty badly during these years just because I was not paying attention to anything other than my goals.”

Adjusting to a new lifestyle

After selling the $2.2 million home, Singh cut down his nursing hours to about one shift per week. He said it’s enough to keep him on the payroll, although he doesn’t qualify for benefits.

Singh went from working around 75 hours a week to 35 hours during a busy week with real estate — and he admits the transition made him feel a little “lost.”

In addition to working on a new real estate project, Singh started using LinkedIn to talk about his experiences. He also said he’s considering starting an AI venture.

Instead of using the money to buy new things though, Singh said he plans to reinvest his earnings into real estate. But his first and foremost concern is providing for his future family with his wife.

“My first goal right now is to secure the future for the family that I will create,” Singh said. “So that’s number one priority.”

Read the original article on Business Insider

https://www.businessinsider.com/man-worked-nursing-jobs-help-fund-real-estate-side-hustle-2024-8