Went from 1 to 6 rental units in the last 2 months!!!

Went from 1 to 6 rental units in the last 2 months!!!

Rental Property Investor · Spring Lake, MI · Member since 2017 · 48 posts · 23 votes

After discovering BiggerPockets.com and the Podcast, it got me motivated to get back into real estate investing!  I've had one rental house for the last 12 years and then lost the drive to continue real estate investing until finding BiggerPockets.  I hesitantly called my financial advisor to ask him what he thought about real estate investing and to my surprise he said "I love it and thinks it's a great way to diversify" and in fact he personally invests in real estate.  He referred me to "his guy" who happens to be a seasoned buy and hold investor, a licensed real estate agent, and a licensed builder!  What a blessing that was!  Over the past 3-4 months not only has "his guy" mentored me, showed me dozens of properties, given me on-the-spot rehab estimates, showed me what to look for, taught me countless lessons, instilled confidence, and motivated me... we have also become pretty good friends.  Sooo, with all that being said, and after looking at dozens of properties we found a nice duplex that I was able to purchase and then just from asking the seller of the duplex if she had any other properties for sale, I was able to purchase a 3-unit from her off market a month later. I'm excited to be back in the game and look forward to adding more units in the future!  I can't thank BiggerPockets and my new friend/mentor enough!

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  • Investor · Columbus, OH · Member since 2015 · 142 posts · 52 votes
    9y
    Todd Bowen congratulations and welcome back to the game! It's not easy but it's definitely worth the ride. Wishing you much success to you in the future!
  • Rental Property Investor · Spring Lake, MI · Member since 2017 · 48 posts · 23 votes
    9y

    Thanks Justin!! I'm certainly glad to be back!

  • Accountant · Sacramento, CA · Member since 2017 · 7 posts · 2 votes
    9y

    Todd-Great job with-Do you have anything else for sale?

  • Fort Collins, CO · Member since 2016 · 34 posts · 13 votes
    9y

    Awesome. Congratulations. "Action breeds Action".

  • Investor · Bellevue, NE · Member since 2017 · 16 posts · 0 votes
    9y

    That's awesome! How did you do the financing? I'm trying to figure out how to get over the 4 rental property hurdle. Thanks! 

  • Brooklyn, NY · Member since 2017 · 39 posts · 13 votes
    9y

    Congrats Its Always motivation to see action produce results

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