 Stalemate (by Nate [MA]) May 22, 2019 7:54 PM
 Stalemate (by NE [PA]) May 22, 2019 8:05 PM
Stalemate (by AllyM [NJ]) May 22, 2019 9:18 PM
Stalemate (by Deanna [TX]) May 23, 2019 12:13 AM
Stalemate (by Oregonwoodsmoke [ID]) May 23, 2019 9:37 AM
Stalemate (by RentsDue [MA]) May 24, 2019 6:40 AM
Stalemate (by plenty [MO]) May 24, 2019 8:57 AM
Stalemate (by Nate [MA]) Posted on: May 22, 2019 7:54 PM
Message:
How do you know when it's time to leave your W-2 and run the rentals full time? --71.126.xxx.xxx |
Stalemate (by NE [PA]) Posted on: May 22, 2019 8:05 PM
Message:
When you're asking that question. --50.107.xxx.xx |
Stalemate (by AllyM [NJ]) Posted on: May 22, 2019 9:18 PM
Message:
When your income is the same and all the rentals are fixed up so that they won't put a sudden demand on your income. --173.61.xxx.xx |
Stalemate (by Deanna [TX]) Posted on: May 23, 2019 12:13 AM
Message:
How much do you plan on borrowing? Borrowing is easier when you have a W2 job to point to-- either your own or a spouse's, but preferably both. The bank doesn't care how much the biz makes. So if you're planning to rely on banks for additional growth-- keep the job a bit longer, unless your wife has a good income from hers. --107.77.xxx.xx |
Stalemate (by Oregonwoodsmoke [ID]) Posted on: May 23, 2019 9:37 AM
Message:
Put 100% of your paycheck into savings for a year and just live on the rental money. See if it is comfortable.
It is difficult to borrow money without the regular paycheck, so do you already own all the units you want to own?
Have you priced health insurance? --98.146.xxx.xxx |
Stalemate (by RentsDue [MA]) Posted on: May 24, 2019 6:40 AM
Message:
One of the biggest hurdles will be the health insurance. Make sure you have a handle on that. I have several times considered going back to a W2 job just for that benefit. --71.10.xxx.xxx |
Stalemate (by plenty [MO]) Posted on: May 24, 2019 8:57 AM
Message:
Good question. Why do you think it's now, or why do you wait? --99.203.xx.xx |
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