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Updated almost 10 years ago on . Most recent reply

User Stats

15
Posts
1
Votes
Ethan Jensen
  • Ontario, CA
1
Votes |
15
Posts

quitting job and career to go into real estate investing?

Ethan Jensen
  • Ontario, CA
Posted

I have been jailed inside a cubicle for the last 20 years. Now, I'm pushing 40 and over it! It seems like Real Estate, is possibly the answer, of a more flexible life.

Should I use my current job to help with a loan for a real estate investment, before exiting? Or should I use it in the funding process? I would like to buy an apartment complex, that can net me about 50K a year, after all expenses are paid.

I have no responsibilities, but myself. Where can I find these apartment complexes?

regards

Most Popular Reply

User Stats

804
Posts
230
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Joe Moore
  • Rental Property Investor
  • Los Angeles, CA
230
Votes |
804
Posts
Joe Moore
  • Rental Property Investor
  • Los Angeles, CA
Replied

Truly you are in the right place to make your dreams become a reality.  Just a suggestion, but continue working during your initial stage of investing would be a smart move.   There is a learning curve that everyone must go through.  To get some experience while still working would be a plus.  If things don't go as plan, you still have a job for backup.  Plus loans are much easier to get when you are still an employee.  This real estate market is at the point that many abandon their job too early.  Being an investor is great, but an investor with backup is better.  You can grow your investment much faster and grow your income with two sources of income.  Good luck on your journey.  

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