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Updated almost 9 years ago, 01/11/2016
Hello everyone
I live in Sisters Oregon. I have had some limited experience with real estate, but I do love it and read about it all the time. I had all my money tied up for a while due to investing in the hight of the market and have now sold the place I was investing in with my partners and did a 1031 exchange into a small 15 unit apartment complex it is makes about 2k per month +/-. Anyway it feels good to feel like a mover and shaker again and I just finished my real estate class and am taking my test to be an agent at the end of the month. I have been listing to a ton of podcasts and am really getting excited about real estate again. I have been working about 60 hours a week doing my job and at a little side business I have landscaping. I am hoping to have more time with the family. In fact if any of you guys have an opinion I will just ask now.
I make about 45k at my job and then another 10k at my business. I am sad to say I don't like either but it is guaranteed money which I don't take for granted (my wife is a stay at home mom). Here are my options;
1. Keep killing myself and by another couple deals this year maybe get myself up to 2.5k or 3k passive rental income. Use my license for myself.
2. Quit my job do only the business which will take a lot time and energy but I will make about the same and then keep grow it. (I don't like this because I don't think bank is going to give a loan if I quit my job.)
3. Say the hell with it and try and see if I can work as a realtor. That sounds risky though and again I don't think the bank will like it.
Any advice would be very welcome,
Eric