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Updated over 9 years ago on . Most recent reply
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Quitting full time job to do real estate full time
I recently closed on my 5th property in 8 months and plan to have at least 8 by the end of the year. My question that I am trying to figure out is when does it make sense to quit your full time job and switch to investing full time. My brother and I are partners we purchase homes in the 50k range and bring in about 1000$ rent per home. We buy for cash using a credit line from my primary residence. We have a bank that gives us 5.5 percent on 70% ltv for cash out deals with a 5 yr balloon payment. If anyone has similar experience or advice I would love to hear about it. Thanks.