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Updated almost 6 years ago on . Most recent reply

How to quit job to become full time investor
We have bought our first property, live in while Reno with plans to get renters, and pull equity out in a loan to then go buy the next. After talking to the bank sounds a lot harder than what podcasts and the rei community makes it sound!
I would like to know how/at what point investors are able to “quit their jobs” and become full time teal estate investors?
(The bank told me I would need to be able to cover the cost of 2 mortgage payments a month with just my income, how the heck do people with more than 2 properties do that?!
Most Popular Reply
Hey Natalie! Try going to about 10 different local community banks and credit unions and see what each can offer you! Lots of options out there!
You can go full time into this once you have enough income to comfortably live off of + some extra cushion.
It'll take some time, but the more you work and reinvest, the faster it will happen :D