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All Forum Posts by: Ben Stanley

Ben Stanley has started 5 posts and replied 12 times.

Appreciate your view on that. I probably didn’t elaborate well enough in my post.

My income question was more meaning how do I know if it’s smart to invest in property with freelance income in a potentially volatile industry.
I work in the entertainment industry, so I make decent money, but depending on economic issues work can go in and out, and there’s no real assurance of constant monthly income like there would be for other jobs. I could have great income streaming for multiple years and then some economic hit like Covid or the next pandemic and work could go out the door for multiple months.

It comes down to a fear of losing a bunch of work and not being able to find more, while I have to be paying off property.

Thats why I’m debating if waiting a lot longer and saving up a large savings account is smarter. Only problem is that would take a long time.

Hopefully that makes more sense.


Quote from @Scott Mac:

If you have to ask that question, nobody knows your situation better than yourself, and you could not answer yes your income is fine-  most likely it is not.

That is my thoughts on how you would know.

Good Luck!

Just joined these forums so hopefully this is in the right thread.

I work freelence and W2 work and I want to invest in real estate next year. The main thing that has held me back in the past is that my income can sometimes be turbulent with the nature fo work I do. 

What would you say is the correct way to gauge if your income is solid enough to invest in a house hack? I was thinking having extra saved would help as well.