Updated over 9 years ago on . Most recent reply
Rental income
Hello all, I have been reading Bigger Pockets for a while and listening to all the podacasts as well as reading all the recommended books. My question is what am I missing? I have been buying single family homes for 6 months and just closed on my tenth one. All were rented within 3 days of closing and I am averaging $500 per month cash flow per house. I have read many places about people quitting their jobs etc with 2 or 3 houses. I have 10 great houses with great renters but there is no way that I am even close to being able to quit my job and do real estate full time. I just was wondering what I was missing to be able to accomplish the goal of doing real estate full time. I don't have alot of personal expenses and I have never had a mortgage on my home. My idea was to acquire enough passive income to equal my current income at my job. Any advice or clarity would be greatly appreciated. I absolutely love all the great advice on the site and podcast.