Rental Property Investor · Lodi, CA · Member since 2018 · 206 posts · 115 votes
Hello BP Community,
I'm getting closer to leaving my day job to pursue Real Estate full time. As an agent and investor. My question is for other agents who have done the same thing. What was the tipping point from leaving a stable job to be a full time agent and investor?
Was it a certain number in cash flow? A steady clientele? And is there anything you would have done differently in hindsight as an agent and investor?
Make sure that your rental income covers your basis and you can support your living situation with the job. Do not count on the income that you do not have yet.
@Michael Kistner Are you already licensed or will you pursue your license after you leave your job? If not it might be worthwhile waiting until you at least have your license.
@Samuel O. yes I have my license and I have a certain number in mind I’d like to have in passive income every month. As well as a certain percentage I’d like my personal residence paid down to. Just looking to see if there’s anything else someone would recommend or wish they would have done. Thank you!