Inspiring Property Investors Show The Way

pbblogimageMost residential property investors start investing while in full-time employment.  Income is a primary consideration in qualifying for home loans and the security a mortgagee’s full-time employment offers, is usually a key prerequisite for the lender. However when an investor’s portfolio is  generating enough rental income to service the loans and extra cash flow, thoughts of leaving the nine to five job materialise but what else do investors need to consider before they take a leap of faith as full-time investors?

A recent discussion on PropertyTalk has many full-time investors answering this question as well as providing tips for those of us keen for an early retirement.

When did you give up your 9 to 5 job to become a full-time investor?

Replies from the discussion on PropertyTalk

“Retired from the day job when my net income (before tax) reached the big m.
Ps 2nd one is a lot easier”

“When I finally reached the income goal from working as a Landlord that I had set out to achieve 23 years earlier.”

“I set a goal of the nett income from 10 fully paid off Auckland rentals
Thus yes, it allows for inflation.”

“I retired 12 years after I set a goal to be financially independent. Should have left a few years earlier but just could not let go of the job. It only paid $50,000 pa!! Life is now very cruisy. Do what I want when I want.”

The discussion is now the most active for the last 30 days and it has identified some of the challenges early retirement can trigger including thoughts of guilt, and dealing with loneliness. The need to keep busy is paramount in the early stages of retirement says many investors.  Therefore it’s important to realise quitting your day job may not feel right immediately.  Prepare for a transition period where going through a range of emotions is normal until the new norm of being a full-time investor is fully accepted by you and your loved ones.

This blog article was written for PropertyBlogs by Mobilize Mail.

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