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Updated about 9 years ago, 10/15/2015

User Stats

2,590
Posts
2,143
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Luka Milicevic
Agent
  • Real Estate Agent
  • Nashville, TN
2,143
Votes |
2,590
Posts

How long did it take to go full-time and how did you get there?

Luka Milicevic
Agent
  • Real Estate Agent
  • Nashville, TN
Posted

Hello BP family! I hope everyone is having a glorious day.

I have read quite a few blog posts and comments on forums from everyone that is currently full-time, but I did have a few gaps that I was hoping you could fill in for me. My ultimate goal is to be a full-time RE investor. I currently have a W2 40/week job that I somewhat enjoy, but it's not what I ultimately want to be doing. I only have 1 deal under my belt and will be looking for my next one early next year. 

I am in the process of writing out my goals, vision and business plan and was hoping to get some guidance. I have it in writing that I want to be a full-time investor in 15 years and I will be able to quit my job when I earn (cash flow) 150% of what I currently make. I am going off of Brandon Turner's estimate of $100/door/month. Which means I will need to have 60 doors over the next 15 years, so around 4 deals/year. I know some years might be better or worse than others, but I think that is a good estimate. 

So my specific question is how long did it take you to go from working full-time, or even part-time to living the dream of being a full-time RE investor? 

How did you get there? How much cash flow did you want before being comfortable to make the switch?

If you're not yet full-time but you have that goal, let me know when you want to go full-time and how you plan on getting there!

Thank you in advance for all of your input.

  • Luka Milicevic
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Middle TN Home Alliance
5.0 stars
17 Reviews

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