How much is enough?

2 Replies

I've always wondered how much was enough to jump in to real estate investing. To take the risk

If you looked at it from an annual perspective how much are you wanting to earn your first year?

Hey @Michael Q. I am not sure you are being clear enough. Do you mean to quit the day job and do full time? Or are you saying how much do you want to make a year. I make nothing from my real estate. By that I mean I do not pull a check and have not in 20 years. It all goes back in. That being said at least half of my net value in in real estate and I have put less than $40K in actual cash in. For me to go full time I would have to NET $6K to $8K per month. Health insurance is the big gorilla of doing real estate full time. My current employer is paying well over $2K per month for my family and it is expected to go up 20% in the next year alone. Hope that helps.

My answer is yes. Try to earn your first year. You will hopefully learn as much or more than you earn your first year. After that, then you can set goals.

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