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Updated over 3 years ago,
Part Time to Full Time?
I have recently moved to Florida to be closer to the beach and the sun. I have a full time professional job which I now work remote, two kids and a wife that works contract gigs. I have a mortgage on our new home which I pay on with my current salary. I would like to generate some passive income with an eye towards making rental properties my full time gig in the future. Despite my goal of making rental properties my full time job, I'm hesitant to just quit my existing full time job where I make a good salary, especially if taking on a second mortgage on a new property. So I have set my immediate goal to purchase one property to manage to make sure this is a good fit for me and my family (perhaps a short term Airbnb style investment). With my existing mortgage and work situation, is this a sound strategy and has anyone made this work for them? Thanks so much!