Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

2,620
Posts
2,170
Votes
Luka Milicevic
  • Real Estate Agent
  • Nashville, TN
2,170
Votes |
2,620
Posts

How long did it take to go full-time and how did you get there?

Luka Milicevic
  • Real Estate Agent
  • Nashville, TN
Posted

Hello BP family! I hope everyone is having a glorious day.

I have read quite a few blog posts and comments on forums from everyone that is currently full-time, but I did have a few gaps that I was hoping you could fill in for me. My ultimate goal is to be a full-time RE investor. I currently have a W2 40/week job that I somewhat enjoy, but it's not what I ultimately want to be doing. I only have 1 deal under my belt and will be looking for my next one early next year. 

I am in the process of writing out my goals, vision and business plan and was hoping to get some guidance. I have it in writing that I want to be a full-time investor in 15 years and I will be able to quit my job when I earn (cash flow) 150% of what I currently make. I am going off of Brandon Turner's estimate of $100/door/month. Which means I will need to have 60 doors over the next 15 years, so around 4 deals/year. I know some years might be better or worse than others, but I think that is a good estimate. 

So my specific question is how long did it take you to go from working full-time, or even part-time to living the dream of being a full-time RE investor? 

How did you get there? How much cash flow did you want before being comfortable to make the switch?

If you're not yet full-time but you have that goal, let me know when you want to go full-time and how you plan on getting there!

Thank you in advance for all of your input.

business profile image
Middle TN Home Alliance
5.0 stars
17 Reviews

Loading replies...