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Updated about 4 years ago on . Most recent reply

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Jonathan Stone
Pro Member
  • Rental Property Investor
  • Camas, WA
202
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284
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How did you decide on your current REI strategy?

Jonathan Stone
Pro Member
  • Rental Property Investor
  • Camas, WA
Posted

I am wondering how some of you started and what brought you to your current strategy. 

Specifically how did you find your niche in RE?  What made it clear to you that it would be or could be a good fit.  What eliminated other options and why.

  • Jonathan Stone
  • Most Popular Reply

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    Alexander Felice
    Pro Member
    • Guy with Great Hair
    • Austin, TX
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    Alexander Felice
    Pro Member
    • Guy with Great Hair
    • Austin, TX
    Replied

    my first strategy was to get 10 single family houses in 10 years

    then I found out that was way too easy from a transaction standpoint, and I realized that going over 10 houses started to decrease the efficiency of money versus the effort I had to put in the transaction 

    so I bought a 24 unit C class, realized that it was WAY too small, the debt efficiency was too low, and tenant quality created problems I didn't want 

    so I bought a 52 unit B class, and that was much better but going forward I'm looking for much bigger properties and higher quality tenant base. ~200 units A class would be ideal - highly efficient use of capital and debt, inherently low risk, and higher likelihood of appreciation. 

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