Quitting job in 3-5 years with OPM?!

[Rose Ganor]

Hi bigger pockets community,

Many books and programs sell a dream of quitting your job in 3-5 years using OPM, even with little cash of your own. Your perspectives are appreciated on how this applies to the real world.

Interest rates are so high it seems impossible to build a cash flow positive portfolio using loans. You also do need to have a lot of cash or your terms will be even worse. Am I missing something?

Alternatively, the idea of finding high network individuals to invest as equity partners also is perplexing. Unless you have rich family or friends or are an incredible salesperson, why would strangers invest in a newbie? And if they do, how would you make enough cash flow after everyone else gets their cut when the margins are so tight?

Bottom line -- how could someone build a *profitable* real estate investment business with little cash of their own and without rich family/friends?

Many thanks,

Rose

[Chris Seveney]

Quote from @Rose Ganor:

Hi bigger pockets community,

Many books and programs sell a dream of quitting your job in 3-5 years using OPM, even with little cash of your own. Your perspectives are appreciated on how this applies to the real world.

Interest rates are so high it seems impossible to build a cash flow positive portfolio using loans. You also do need to have a lot of cash or your terms will be even worse. Am I missing something?

Alternatively, the idea of finding high network individuals to invest as equity partners also is perplexing. Unless you have rich family or friends or are an incredible salesperson, why would strangers invest in a newbie? And if they do, how would you make enough cash flow after everyone else gets their cut when the margins are so tight?

Bottom line -- how could someone build a *profitable* real estate investment business with little cash of their own and without rich family/friends?

Many thanks,

Rose

 Rose,

Drawing a parallel with your athletic career, consider the journey to turning professional. Just as in sports, the path to financial independence through investment requires experience and visibility.

In the world of investing, especially with OPM, experience plays a critical role. It's not just about learning the strategies, but also understanding market dynamics, risk management, and building a network. These skills are often honed over time, much like an athlete's development.

Moreover, context is key. Your cost of living significantly influences your financial goals. For instance, while $100,000 annually might be sufficient in some regions, it may not offer the same comfort in high-cost areas like Washington DC. This disparity highlights the importance of setting realistic and personalized financial targets.

Your journey in investment, much like a sports career, depends on strategic planning, skill development, and understanding your unique playing field. 

Hope this has been informative.