Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 10 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?
Most Popular Reply
James Wise
#4 All Forums Contributor
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
- 19,661
- Votes |
- 28,585
- Posts
James Wise#4 All Forums Contributor
#4 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.