When can I go full time?

[Jason Aycock]

I have some very high goals in mind for where I want to be in 20 years, but I'm just wondering how long it might take a savvy investor starting with zero properties and $20,000/yr in disposable income to realize enough income from investment properties to devote full time towards investing? Ie...

...how long did it take before you quit your day job???????

[Robert Leonard]

@jason aycock If I were in your shoes and I had a decent paying job, I would set a goal to buy 2-3 buy/hold properties a year while keeping my full-time job. Avoid consumer debt and make sure my credit score stayed high. Learn how to manage my own rental properties. Live well-within my means by never borrowing as much as creditors will allow for a personal residence or on cars. Take advantage of the opportunity to leverage your income to buy properties using your job income and personal credit.

Carry high amounts of insurance coverage to protect your minimal assets until they grow enough to need an LLC for asset protection.

Delay the "good things in life" to buy assets (properties and ROTH IRA investments) that will provide streams of income for years to come. Buy a property instead of a boat or membership to a golf club and about 15-20 years down the road, you will be able to buy the boat for cash (if you still want it) and/or golf around the world.

I would keep working my job until it just doesn't make any sense to hold a job that somebody else needs more than you do. If you don't enjoy your job, capitalize on what it can do for you in your REI business and check out ASAP. That's my $.02.