How much cash flow do you need to quit your day job and go full-time into real estate investing? You may have a big number in your head when we ask that. Maybe you’re thinking of replacing a six-figure salary with six-figure cash flow, but that’s probably far from what you truly need to quit. In fact, you can quit with a lot less cash flow than what you’re being paid today!
Joining us again is Daryl Clinch, who recently went full-time into real estate investing with his mentor and partner, Ashley Kehr. Daryl transitioned from seasonal employment to full-time investor after working at his job for sixteen years and deciding he needed a change. In today’s show, Daryl breaks down exactly how he prepared to quit, the cash savings he had, and the surprising amount of cash flow that allowed him to achieve occupation-independence!
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
Ashley Kehr:
This is Real Estate Rookie episode 168. My name is Ashley Kehr, and I’m here with my co-host Tony Robinson for this week’s Rookie Reply.
Tony Robinson:
And welcome to the Real Estate Rookie Podcast, where we focus on all of those investors who are at the beginning of their journey. Maybe you’ve got one deal, maybe you’ve got zero deals, maybe you’ve got a couple and you’re looking to scale. Either way, this is the podcast for you. Ashley Kehr, you’re not by yourself, you’ve got somebody else sitting next to you again. I love when we have a guest surprise in the podcast.
Ashley Kehr:
Yeah. So I’m sitting here with Daryl Clinch again. So if you guys listened, he was on two weeks ago for our Rookie Reply. And the day that he was on, he quit his job. Tony and I were actually getting ready to record and I said to him, “Hey, actually, do you want to be on the podcast so we can talk about that?” And he was put on the spot. So people seemed to…