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Updated about 10 years ago on . Most recent reply

User Stats

19
Posts
1
Votes
Scott Parker
  • Rental Property Investor
  • Laurel, MS
1
Votes |
19
Posts

Hi everyone

Scott Parker
  • Rental Property Investor
  • Laurel, MS
Posted

Hello all, I am new to Bigger Pockets and this is my first post to any blog ever. I have a full time job and started about 6 months ago acquiring single family homes on the side. I have 6 now and have 4 in the works. I have spent hours listening to Bigger Pockets podcasts, read many of the highly recommended books, and read alot of the posts on the blog. My biggest question is what am I missing? I have never had a vacancy, I meet the 2% and 50% rules and cash flowing $400 to 500 per month on each house. What I keep hearing and reading is people quitting there jobs to invest in real estate or become "rich" or wealthy. Things are going great and I am not complaining but it is going to take MANY houses before I could possibly do it full time and I don't see how I could ever be "rich" even with the houses paid off. I get $1,000 per month rent and mortgage, taxes and insurance is $500. With 6 houses that is $3,000 per month but it would take triple that to equal what my salary is. I would love to invest in real estate full time and, most importantly, buy my freedom from going to a job 8 hours per day but it seems almost impossible with the way I am doing it. Just for more information, I have no interest in flipping houses as I would not have the time to do that with a full time job. Thank you for letting me post my first question ever online. I can say that I have learned more from Bigger Pockets than any book I've read on the subject.  

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