Job + Real Estate or No??

[Tiya Patel]

So say I chose real estate as my career and had no money prior, therefore, I get a junior debt loan on some type of rental property. However, would you recommend getting a short term job in the beginning of a real estate career to be able to pay for daily/common expenses?

I’ve heard people having a job and also doing real estate and some quitting there job to do real estate full time, but i’m curious if getting a job is recommended or commonly done in the beginning of successful real estate careers. 

[Brock Mogensen]

It really depends on what your appetite for risk is.  I had a full-time corporate job and did real estate on the side for 3 years.  Worked a ton for those 3 years but was able to go full time in real estate from the cashflow after that.  The conservative rule of thumb is to get to a point where your monthly cashflow is greater than your W2 income.