Slightly OT: How much money would you have to make...

[Tom Hertel]

...per hour (or per year) at a "regular" job to believe that your time spent doing REI buy and hold would not be worth your time? And if you have a number in mind, would that number change if you really liked or really disliked said job?

For an extreme example, if you had a job that made $10,000/hr, it would obviously not be worth your time to spend 10 hrs/wk looking for properties and managing tenants when you could just work a little more and make that money 100-fold over.

So, what's your number?

[John Van Uytven]

@Tom Hertel

That is a good question, but there are a lot of factors to consider.

The two big ones: Area cost of living and Personal Goals

You are from Chicago which has a very high cost of living, I am from downstate Illinois with a much lower cost of living.

A flipper in your area is probably wanting to profit $20,000 a deal on average.

For me making an average of $15 an hour now in real estate is good. Because I am working on a buy and hold strategy. My personal goal is to sell off my properties in the end and then buy notes. The equity I accumulate by that point will be large enough for me to live on. Simply put, I am buying my retirement. 

What are your goals?

Good Luck and Remember

*DFTBA*

Don't Forget To Be Awesome