Updated almost 11 years ago on . Most recent reply
Quiting My Day Job After X Amount Of Owned Rental Properties... Good or bad idea and why?
I've purchased 8 my first year and a half through a line of credit/refi process while working a full time day job on the side.
What number/amount of cash flow is the magic number to leave my day job to concentrate full time on real estate if ever?
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James Wise
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James Wise#2 All Forums Contributor
#2 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Just remember quitting your day job suddenly takes away your ability to get financing.
Banks typically need to see at least 2 years of rental income to count it towards your debt to income.