New Investor from Philadelphia

[Ashot Avakyan]

Our father has been a seasoned investor since 2001. He lost a lot of money during the 2007-2008 crash. He lost everything he had and than some. 

My brother and I graduated Universities in 2010 and started working for Fortune 500 companies, soon to figure out corporate world was not for us. We opened different kinds of businesses and loved being self-employed; soon to realized that we should consider real estate again, for passive income. It was hard to go back to it as our father was skeptical, but after long discussions with our father we came up with what we believe is a good strategy so we wont repeat his mistakes.

Bought our first investment house in November 2015, about to close on the triplex this month (April, 2016). Buying our first primary residence in June 2016 with my wife

Our current short term goal is to buy another investment property by the end of 2016

Long term goal 1000 units all paid in clear in 20 years... wish us luck