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Updated over 9 years ago on . Most recent reply

User Stats

3
Posts
0
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Troy B.
  • Real Estate Professional
  • Black River, NY
0
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3
Posts

More of a life question...

Troy B.
  • Real Estate Professional
  • Black River, NY
Posted

Hey guys, I have done a lot of research on real estate, and feel I am ready to jump in! I am 19 years old, and just got my real estate license. My main goal in life is to be free. Have freedom to do what I want, and not get stuck doing anything that makes me miserable. I was wondering if it is feasible for me to work on investing in real estate until I hit about $2500 per month in income, then pursue my dreams that may consist of not making money for a long time if at all. Also, I want to do this ASAP, so I have developed a strategy such as flipping a couple houses to FHA into a 4 plex, then flip 2+ houses a year. 1 to live off, the rest to invest assuming $20k+ profit each flip.

Any guidance on this issue? Anyone doing this?