Just passed 100 units on our way to 160 by the end of the year

[Shiloh Lundahl]

This last week was a busy week for us. We closed on a 6-plex, a mobile home park with 10 units (29 pads in total) both in Florence, Arizona, and 2 single family homes in Winston Salem and Greensboro, North Carolina.

My wife and I started investing in 2010 with just 1 rental and then at the end of 2014 we purchased a small commercial building with 12 units. In 2015 and 2016 we mostly flipped properties and bought a few out of state. But in 2017 we switched our model to buy and hold (mostly selling using lease options) in Arizona with a partner.

Here is our units by year including primary residences:

2010 - 2 (primary, 1 rental)

2011 - 2 (primary, 1 rental)

2012 - 2 (primary, 1 rental)

2013 - 3 (primary house hack, 1 rental)

2014 - 15 (primary house hack, 1 rental, 12 unit commercial building)

2015 - 15 (primary house hack, 1 rental, 12 unit commercial building, 3 flips) 

2016 - 22 (primary house hack, 12 unit commercial building, 3 duplexes 1 SFR (out of state), 6 flips, 1 sale on seller financing)

2017 - 51 (primary house hack, second primary with house hack, 12 unit commercial building, 3 duplexes 1 SFR (out of state), 6 flips, 1 sale on seller financing, 17 buy and hold lease options)

2018 - 74 (primary house hack, second primary with house hack, 12 unit commercial building, 3 duplexes 1 SFR (out of state), 29 buy and hold lease options 1 triplex, 19-unit Mobile home park)

2019 - 97 (major primary house hack 7, second primary with house hack, 12 unit commercial building, 2 SFR (out of state), 54 buy and hold lease options 1 triplex, 1 duplex, 18-unit Mobile home park)

As of the end of January 2020 - 115 (With the addition of the 6-plex, new mobile home park, and the other 2 single family homes in North Carolina)

Our plan by the end of the year is to add 19 more units to the mobile home park, buy an additional 6 units in Arizona, and 21 more properties in North Carolina.

We have felt some growing pains, but for the most part, it has been a wild ride. I am really grateful to many who have helped us along the way including my wife, my partner, our assistants, our subcontractor, our hard money lenders, our private money lenders, our bankers, mentors, coaches, and many others who I’ve learned from on BiggerPockets. Thank you all for your help and support.