Growing my portfolio- 13 units ~$170k in annual cash flow

[Account Closed]

Hi guys, wanted to share my story for some motivation.

I started investing in 2007 as a 23 year old. My portfolio consists of 13 units and the current annual cash flow is roughly $170k annually. Most of my units are in Somerville and Cambridge. I'm a Boston native (Yay Pats!). Since I was lucky enough to benefit from the real estate slump, I have built up an equity of $2.4mm in my properties. The total value of my properties is just over $7mm.

My partners have larger apartment complexes 288 units and 1,094 units and are more at a syndicate level. I hope to grow my portfolio over the next 5-7 years by investing in larger deals.

Attached are some photos from my property in Cambridge. Lot of work has gone into it. I will share the before photos later. 

I'm more than happy to answer any questions, share my story and help the community.

[Jason V.]

@Account Closed - No sweat there buddy, maybe you should take it as a compliment that your deals are so good that people have a hard time believing they're real! :-)

For the record, if you had just told me you're a VP with Wells Fargo and run a website that charges people $2,000 to join a "group" in their area also looking to invest, it probably would have saved a lot of time. The more I look into you (and 'Income Properties Portfolio') the more I would be turned off as a potential student/investor. 

You and your partners could be the most upfront, honest, stand-up, legitimate company in the world - but nothing in this post, your website, or the public records for Goldschneider Property, LLC have made me anything other than more concerned. Take it as friendly advice that you may want to work on your marketing or message :-)

Good luck!