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Updated about 8 years ago,

User Stats

111
Posts
33
Votes
Johnathan Alesso
  • Investor
  • San Diego, CA
33
Votes |
111
Posts

We bought 26 properties in 6 months

Johnathan Alesso
  • Investor
  • San Diego, CA
Posted

Hi fellow investors,

I want to thank Josh and Brandon for creating this forum that has offered so much priceless information and experience.  Thanks to all of the members, as well, for contributing to this exceptional website.

I began investing ten years ago with barely any capital. I saved enough through my job to finance a few rental properties that offered a decent amount of cash flow, but I soon realized that my incremental approach would not lead my financial freedom in the desired time frame. What was most frustrating was the unexpected CAPEX that bogged each of my lower-end rental properties. I thought about quitting and may have done so if not for this forum.

My partner and I were fortunate to come upon two separate 13-property portfolio packages.  I believe this good fortune was the result of a determined spirit, strong relationships, and an openness to ideas.  We closed on a total of 26 properties, five of which are duplexes, within the past six months, and hope to reach financial freedom within the next five years.  Our consistent goal is sufficient cash flow to meet our monthly expenses.  I believe we can reach this goal if we mitigate maintenance and repairs on our properties as well as reducing our personal expenses. 

I am happy to report that I am having fun along the way.  I could not invest if I did not enjoy both the ups and down. 

Once again, thank you all for your wisdom and experience.

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