Real Estate Investor · Northfield, MA · Member since 2008 · 101 posts · 0 votes
Just curious how many of you consider this your primary source of income? My wife and I are hoping to do this full time some day. Just wondering how realistic we are being? Our first goal is to master wholesaling. Would love to hear your replies!!
Real Estate Investor · Katy, TX · Member since 2008 · 430 posts · 22 votes
18y
At this moment its not the ONLY source, though it's the bigger source. My wife is a teacher, but our goal is to get her outta teaching and doing this full time with me with in the next couple years.
Real Estate Investor · Katy, TX · Member since 2008 · 430 posts · 22 votes
18y
We got started by just going out there and doing it. My dad and I have talked about it for months. I had been reading books, researching online for about 4 months. We went out, purchased an REO, updated it, sold it for a pretty hefty profit in about 2 months, got hooked.
My education is now continual, there are things I want to move into that I have no clue about, and want to start learning.
Real Estate Investor · Charleston, SC · Member since 2008 · 156 posts · 37 votes
18y
It used to be my primary source of income - and a very good source. I have now added information marketing as well. It ties in very well with real estate investing without having to start up a brand new business.
Real Estate Investor · Atlanta, GA · Member since 2008 · 6 posts · 0 votes
18y
The quickest way to leave the JOB (Just Over Broke) world and invest full time is goal setting. If you are doing it right only about 2 out of 10 offers will be accepted but those are the only ones you want. Be sure to have your "life boat" addendums in place so you can make offers without fear. Decide on your terms and price range then go for it. Make your money going in, not counting on appreciation or other circumstances. Have your exit strategy in place before you make an offer on a property so you don't get stuck with unexpected holding costs. Figure how much it would take to live comfortably without working then make at least 10 offers a week. They won't all be accepted and the ones accepted won't all close but enough will that you'll be making money faster than you'd imagined. Be sure to have your asset protection strategy set up so you keep and protect the money you make.
Real Estate Investor · Northfield, MA · Member since 2008 · 101 posts · 0 votes
18y
Thanks for the great advice. You guys give me hope. Sometimes I get frustrated, It seems I can't tell my goals to the average Joe. They are negative and pessimistic. I love the support I find here!