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Unemployment figured rose in 46 states last month, and 8 states have already seen double-digit unemployment rates according to the Wall Street Journal.The chief economist for California's finance department, Howard Roth, said the state's unemployment rate hasn't been this high since reaching 11.7% in January 1941. The highest level on record in California is 14.7% in October 1940, he said... Most economists expect job losses across all U.S. nonfarm employers to continue in April at or near the rapid pace seen in March, when 651,000 [jobs] disappeared.Despite Massachusetts having the highest unemployment benefit in the nation according to the New York Times at $650+ per week, this often isn't enough for most families to get by.
So what is an unemployed - or soon to be unemployed - person supposed to do?
Many are turning to investing in real estate as a part-time "backup plan" while still working full time, and others are outright turning to investing in real estate full-time in place of their job.
ForeclosuresMass members have left everything from positions as teachers to cushy jobs in big Pharma with expense accounts, company cars, high salaries and great benefits - but no job security - for careers in real estate.
What does it take to make the transition to a career in real estate?
Usually, it's a matter of getting the first deal under your belt to give you the confidence, security and of course cash in the pocket needed to replace a full-time job entirely.
Of course, that does not mean you have to work full time in real estate. For some members, doing 1 or 2 deals a year replaces their previous annual income, builds their portfolio, and provides ongoing cashflow. For others, they've gone full-tilt, secured office space and a staff and are cranking through 10+ deals per month.
Want to find out more about what a career in real estate is like and get the answers to your biggest questions answered?
Join us for our upcoming Real Estate Investing Career Night - a free talk with time for open Q&A - and find out what it's like. Seating is limited, and pre-registration is required. You can learn more about this event, and pre-register online at:
http://www.ForeclosuresMass.com/CareerNight/
ForeclosuresMass members have left everything from positions as teachers to cushy jobs in big Pharma with expense accounts, company cars, high salaries and great benefits - but no job security - for careers in real estate.
What does it take to make the transition to a career in real estate?
Usually, it's a matter of getting the first deal under your belt to give you the confidence, security and of course cash in the pocket needed to replace a full-time job entirely.
Of course, that does not mean you have to work full time in real estate. For some members, doing 1 or 2 deals a year replaces their previous annual income, builds their portfolio, and provides ongoing cashflow. For others, they've gone full-tilt, secured office space and a staff and are cranking through 10+ deals per month.
Want to find out more about what a career in real estate is like and get the answers to your biggest questions answered?
Join us for our upcoming Real Estate Investing Career Night - a free talk with time for open Q&A - and find out what it's like. Seating is limited, and pre-registration is required. You can learn more about this event, and pre-register online at:
http://www.ForeclosuresMass.com/CareerNight/
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