Updated about 5 years ago on . Most recent reply
Do I quit my job or not?
I’m currently 21 years old working night shift I recently bought 7 of my grandparents rental properties on owner financing. I wanted to get into real estate because I want my money to work for me and I hate third shift and there is no other way to get to days what I’m doing. My rentals make alittle more than what I make at my job a month. How do you guys pay your self with your rent income? I’d love to get more rentals and like to get into wholesaling but just doesn’t feel like I have time for it. I’m from northern Indiana if anyone would like to talk and help me out thank you!
Most Popular Reply
@Tristyn Lewis - I agree with @George W. 100% - keep the W2 income flowing. Save up for big repairs. The toughest part about working a W2 job you don't like is feeling like there's no end in sight. No light at the end of the tunnel. That's no longer you :) Be grateful and start laying plans to leave your W2 job. And you don't have to quit W2 just because you quit this particular job. Quit the job with the bad hours and find one with good hours even if it's for less pay. That's the beauty of having investments. You have your rental properties supplementing your income which gives you flexibility. Take advantage of the flexibility. I don't think 7 properties is enough to live off of...unless they were mortgage free.