Quote · BiggerPockets Real Estate Podcast
I Started Investing with Just $7,500. Now I Own Millions in Rentals
Where this was said
Why Corporate Life Wasn't Enough: The Motivation to Invest
At 6:28 · chapter starts 5:35
Dave Meyer presses Remington on what specifically drove him away from what was objectively a good job — JPMorgan, finance bro, solid paycheck. Remington's answer is crisp: he was taught that performance gets rewarded proportionally. A 2% raise told him that's not how the corporate world works [1] — Remington Lyman "2% raise after stellar performance: After working extremely hard at JPMorgan, Remington received only a 2% raise — the equivalent of an inf…" 04:28 . Still, he didn't rage-quit. He worked at JPMorgan for four years, stacking rental properties the whole time, until the company laid him off in 2019. By then, he had 10 properties and could cover his lifestyle. The layoff, as he'd later admit, was the push he never would have given himself. It was scary — but it was also the best thing that ever happened to him.
Remington was making $60,000 annually at JPMorgan; after leaving he sometimes earns that same amount in a single real estate commission check.
Remington reached over 100 residential rental units plus 4 commercial deals within just 10 years of starting with his first duplex in 2017.
Remington owns 50% of a real estate brokerage with over 45 licensed agents, generating additional income through commission splits and deal opportunities.
