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Updated almost 8 years ago on . Most recent reply
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- Rental Property Investor
- St. Paul, MN
- 3,659
- Votes |
- 3,018
- Posts
Closed over 100 units in the past 9 months
Since 2008 I have bought around 200 units - mostly 1-4 unit buildings. Since I started I wanted to buy apartment buildings, but I finally broke the ice with out of state apartment purchases. I have now purchased 108 units in the past 9 months. The next goal is to purchase a 50+ unit building.
My advice for anyone investing is to form your goal and to stick with it. I am happy with where I am at right now, but hesitated for years to jump to the next level. I am now determined to purchase a 50+ unit building within the next 6 months and I will do it!
Most Popular Reply
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- Rental Property Investor
- St. Paul, MN
- 3,659
- Votes |
- 3,018
- Posts
@Kadi Ferrara how I got started is a long story, but to make it short I was a teacher and started reading books on business and RE investing. I got lucky and started buying in 2008 and never looked back. In 2008 I bought my own live in and flip house, 1 flip and 3 rental houses in my first 6 months. I refi'd my rentals and used that money to buy more. Then in 2009 I started doing more flips and used that money to buy rental houses. During that time I was meeting people to invest in my deals and building a rental portfolio. Once the flips got too expensive and small rentals didn't make sense to buy, I decided to actually follow my dream and buy apartments. I researched markets for over a year and then started buying with my investor network.