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Updated about 7 hours ago, 12/24/2024
My 4th rental property is now under contract
I don't post a ton on here, but wanted to start posting more in an effort to share, network and learn. I started investing a little over a year ago and have earned almost $160k gross so far with 3 Padsplits.
Next year if I do nothing, the 3 current properties should earn about $200k gross. The net this year is $36k and next year it should be over $48k with these properties.
My 4th property is under contract now. The main house will be house hacked for the first year and will turn into a co-living. It has a full studio casita out back that will be an LTR.
I plan on buying 3 or 4 investment properties this year after I learn more on the co-living marketing and rent collection side of things. I am using rent-redi for this house since it comes with BP pro. Since I have been using Padsplit for my first 3 investment properties I don't have the skills built yet for marketing or rent collection. This property will be my first and I will be learning as I go! :) At least I have the systems and processes in place for the co-living model.
Just thought I would share a little of my first year experience.
Happy Holidays
Jarrod