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Updated about 9 years ago on . Most recent reply
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Year 2015 in review
Background: busy software engineer in SF bay area.
Strategy 2015: take calculated risk, invest dispensable funds to identify trustworthy out of state partners.
Started 2015:
- 3 (all out of state) rental properties.
- Holding cash for primary residency and/or out of state investments.
Today:
- purchased primary home in crazy bay area
- raised rent on 3 properties, 1 became vacant and we suffered 1 month rent loss.
- tenant flooded one of the properties, dealing with insurance now.
- added 3 more rental properties:
- Purchased 2 property from FSHouses IN: started with one, very happy with the return so I purchased another one from them. Looking to expand my portfolio with them. @Ashley Mullin and @Ryan Mullin
- Purchased one property in Athens, GA from TopPerforming / J Tucker. The worst property I ever purchased, out of pocket around $5,000+ for all kinds of repairs already in 6 months. [I am not here to sabotage any business, real reviews here.]
2016 Goal:
- keep holding/improving current 6 properties
- working through a loan to close a 3-plex with a new turnkey provider.
- purchased 4+ more SFH.
- bring in more partners in software engineer industry for cash deals/better price.