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Updated about 5 years ago,
Who is a full-time Landlord?
Happy New Year Everyone!
I'm wondering how do does one become a legitimate "full-time landlord".
What I usually see is that people have a job/position to supplement their real estate investments. But I have come across several people who's goal is to get to a point where their REIs provide sufficient income and security that they can be a full-time landlord. I assume that means they will not have to do any other job connected or not to real estate. That includes being a contractor, real estate agent, wholesaler, etc. I know the positives of keeping an income to help get more properties and provide a safety blanket. I also understand it would take several well setup investments for one to be comfortable not having a job as a safety blanket.
So I'm curious, who here considers themselves a full-time landlord and how did you get to that point?