Going from part-time to full-time RE

[Alex Silang]

I don't think I'm the only one here who yearns to work full-time on RE. Lets discuss this.

Assuming 10% cash on cash returns, if you need an income of 50k a year you would need 500k in investment capital. Actually probably more because banks will require you to hold reserves. Lets say 550-600k.

What are the advantages and disadvantages of each strategy? Flipping probably requires less capital but in my eyes is risky and unpredictable. "Buy and hold" might require a long term investment horizon: 10-15 years (unless you are starting with 550-600k).

I think if someone was really motivated, they could join a RE management company right after college to learn the biz. Start networking like crazy, save money prudently and start buying properties.

Also are there people who do not want to do this fulltime? Having a job is a good way to diversify risk.

Thoughts? Any firsthand or secondhand experience?