I started down the path of real estate investing with the hopes of being able to leave my W-2 job. While I still have that hope, and know that this will be a journey, I am feeling like this is going to take a lot longer than I had thought. I am 4 years in, have two cash flow positive properties that have appreciated, but I am no where close to getting to the level I need to be to walk away for my 9-5. Feeling kind of stuck. Anyone else feel this way? Wondering how to turn the corner.

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I think the best way to think about it is a longer term play, but if you take risks you can turn it into something bigger. One way would be to sell the appreciated properties, take the money and buy a fourplex or more. Then you are in multifamily land where you are less tied to market constraints and more to your ability to run the properties (or the business with a property manager). From there you can steadily continue growing by selling and buying larger properties or acquire more and your cash flow will multiply faster than with SFHs. M

Note this is just one way and not for the faint of heart. Everything has a level of risk and depends on several variables, many of which are not in your control. To end on a positive note, it also does not mean it’s impossible.

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This is helpful, thanks. I’ve thought about doing a 1031 into a multi family, I would need to get more familiar with how the numbers need to work in that space. The interest rate environment has changed things. Probably the best answer is to just keep plugging away and being patient.

Like grant cardone says, don’t get rich quick, get rich for sure.

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