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Updated almost 5 years ago on .

User Stats

196
Posts
70
Votes
Austin Works
  • Investor
  • West Monroe, LA
70
Votes |
196
Posts

Steps to going full time

Austin Works
  • Investor
  • West Monroe, LA
Posted

Hey everyone. I have been buying rentals & flips, as well as wholesaling some deals, for a few years now, and I feel like I am reaching a point where I may be better positioned to take the risk of going full time. What new costs should I expect if I do this? I know I'll be subject to self employment tax & paying for health insurance out of pocket (versus the group plan I get through my job) - what other expenses or considerations should I factor when looking to go this route?