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Updated almost 5 years ago,
Going from 1-2 deals a year, all in full time, no safety net.
My wife and I have been working as a team to acquire single fam properties over the last 2 years.
We have built up a portfolio of 4 rentals which nets us a cash flow of about $2k/m.
Now, my wife it at a place with her full time $60k/y job where she has had it. She wants out badly.
The $2k/month in cash flow is nice but it’s not nearly enough to replace her income. But listen, we have no kids, very little revolving debt, a big cushion of savings and capital, and Id like to think a firm grasp of know how on the industry (I’m a residential realtor).
She wants to jump in with both feet in real estate investing. I’m just stuck with how to make it sustainable and consistent as opposed to the “pick up a deal here and there to add to the portfolio.”
Has anyone else found a successful, systematic approach to launching full time? What strategy did you use, did you aim to build cash flow or did you stick to flips for steady income?
Open to all ideas. Thanks BP.