You Can Own More Than One House?

[Chris Lengquist]

One of my very first sales back in 2002 was a townhouse in Broken Arrow, OK.  I was basically "given" the listing by my broker. I got it sold a couple of months later.  The Seller then asked me if I'd like to sell another house of his.  

"How many did he own?" I wondered.

Over the next couple of years I sold 23 houses for him.  He taught me so much about what real estate investors look for in a home and how they do the math to see if it makes sense.  I was the real estate agent pupil. He was the mentor.  

I still haven't forgotten what he taught me.  When I moved to Kansas City in 2004 I brought that knowledge and created a special niche of working with buyers, sellers and exchangers of residential income property.  It has been a fun ride.

[Chris Lengquist]

@Steve Vaughan I have one investment property.  It's not been my focus to own more than one or two quality properties though I am in the market for another one as my special needs daughter gets closer to an age where she will be wanting to live on her own. 

Managing 290 homes and owning a brokerage keeps me busy enough in the real estate field.  Besides, my brokerage is my equity. 

At least, that is how I look at it.