New-ish in Las Vegas

[Martin L.]

Hello all, second time attempting to write this as the app crashed the first time! 

Anyway, I was actually something of an accidental investor.  I was able to put down on a great upgrade in 2011, but the same low market that allowed me to buy my upgrade really made me reluctant to sell my first home.  So I decided to rent it out as my payments were also incredibly low.  By chance my neighbors also had a friends that were looking for a bigger home than they were living in and things just kind of fell into place.  I also bought a fixer upper to try my hand at flipping (definitely not for me) and it became my second rental. 

Flash forward a few years. I got a great offer in Asia shortly after I bought my beautiful new home and that became my third rental. I've since bought a fourth and really like the business, mainly because I haven't had any negative cash flow property yet and they all start to have positive cash flow within two years. Bearing in mind that I have an additional expense of a property manager, I've been in the "get rich slow" camp, looking more towards the future. Thus the ROI and property appreciation have kept me very happy with the business.

I've been lurking in these forums for a few weeks now and decided to start sharing some of my knowledge from the past few years as well as getting more knowledge for the future.  My current interests for diversification are international emerging markets, and since reading these forums I have also become more interested in multi-family.  My property manager was always reluctant to do multi-family but now that I have 4 homes with her, she's more open to my prodding in that direction. 

I made some early sacrifices the first few years, but I've been fortunate enough that I no longer need to as I'm happy to take my time and build slowly. 

Thanks for having me,