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Updated over 3 years ago,
How much have you grown your cash flow income while working a W2?
Sorry if the title sounds asking, I wanted to get right to the point to get the attention of my target audience and not waste anyone else's time.
Even with a full-time W2 job, how much passive income from RE investing are you able to earn every month and how long did it take you to get here?
I am looking to get some(or a lot of) motivation and learnings in RE Investing and hoping all the W2 earners making progress towards the dream of FI can help me.
I know you all have limited time so I really appreciate you paying it forward and I hope I can be helpful by sharing the synthesis of all my learnings in the very near future.
Just to break it down, looking for simple answers to the two questions below :)
- 1) What is your cash flow income per month right now? Gross rental income - expenses(Principal, Interest + Insurance + taxes + Utilities + Vacancy + Property Management + Capex + Maintenance Repairs)
- 2) How long did it take for you to get here? :)
- At what passive income, would you be in a position to quit your full-time job (if you wanted to)and still maintain your lifestyle? :)
Just to give an example to make your life easier, your answer could be as simple as
1) $3.7k per month
2) 3 years
3) $8k per month
Hope you all have a great July 4th weekend!