Time to dive into full-time REI

[Thomas McNally]

This week it was announced that my job site will be permanently closing its doors within the next couple years. My goal has been to go full time into real estate and I have been working as much OT as possible to build more capital.

I purchased my first LTR two years ago and the net cash flow is $500/ month. Purchase price was 145k and after a 15k rehab the current estimate is about 220k.

I’m currently remodeling my primary and once that is complete I will have about 250k in equity.

My minimum goal for cash flow from my portfolio once I leave my job is 5k a month as I have a side job already in place. I'm interested in using private money to get started and continue using the BRRRR method as I love value add and I'm able to do a lot of the work myself. I do not yet have an LLC set up.

Long story short, I’m just looking for a little advice/ motivation to start a successful dive into full time real estate investing!