Im 22 years old and say I make about 5000 dollars every month with my 9-5 job as an engineer.I am planning to achieve a goal of having positive cashflow of about 7-10 thousand dollars every month by the time I am 32 while working in my daytime job in the meantime. Does a plan like this seem plausible? Or do I need to quit my job at some point and dedicate all my effort in real estate investing?
No realtor can be successful while trying to manage any other job.
Most landlords will shoot for at least a $200 a month profit, in a great world they are earning $300 and in a fantastic situation that's $400... At $400 that's 17.5 units. At a $50K income, which I realize will increase over 10 years, isn't going to be close to allowing you to purchase that type of real estate.
At 22 focus on having a career. Keep your 60K per year job and Save. Plan on becoming a real estate investor when you have money you can afford to lose.
probably not possible you might be able to offer proposals by mail and do a lot of your investing in your free time but I seriously doubt you are going to have huge success this way you have a good day job and unless the investing proved to be superior to it, keep the day job
