3 Years ago to the present and the future.

Hello, My name is Brandyn Duff, and I am  a personal trainer. 

I knew I couldn't be a trainer all my life, because who wants to be 45+ and still be training right? 

While being self-employed and not receiving amazing W-2 Employee benefits such as pensions( do these even exist anymore),  and Matching contributions ( free money!) , I knew I needed a way to replace my income before doom's day. ( My Expiration date as a trainer). 

My goal was  not to get out of training, I love training, but my goal was to be able to train because I wanted to, not because I have to. 

How was I going to replace my income?  My Girlfriends Dad at the time ( currently my father in law) owned a few rental properties ,and I noticed many of my clients owned property. 

Boom.. Real Estate was my answer...

Ill over over a quick over view of what I purchased 

3 Years ago...

I purchased my first property in April of 2015 in Las Vegas, I rented it out the next weekend. Oh.. I live in California.. Yes, I am an out of state investor.  

Anyways,  I am sure I will go into detail about how it has been being an out of state investor but we will save that for another blog post.

Purchased it for 118k rented it for 1100. Just under 1% rule but Las Vegas has low property tax and for me I consider myself more of a retail investor at this point and slowly beginning to network and try and find deals but the numbers "worked" for me at this point. 

Sure I might not get a KILLER deal but I am cash flowing  positive after everything and even more so when you consider things depreciation, appreciation, debt pay down, tax benefits and so forth. 

Anyways.. Next year I purchase another similar property. Paid 122 and mortgage is about the same. Still cash flowing. Great! 

The Present

Now my newest property was a 4 unit and I closed on November 2017 for 268k and  it rents for about $3100.

I will probably get it reappraised in a year and if the market keeps going up, it should be worth around $350 but its probably worth 300k now. ( Forced Appreciation, and higher rents could be pushed) 

The great thing about real estate, I was able to do a cashout refi on the first property because I had gained so much appreciation in those 2.5 years, I was able to use money from the equity in property one to pay most of the down payment for the 4-plex. 

I now have 6 units in just under 3 years.. Sure, that not amazing!!! but I am happy. 

Future

I recently went on a trip to Seattle, Washington and loved it.. I have been before but I really got to enjoy the city this time and do tourist stuff. 

*Underground City

*Canon 

* Food 

* Etc

This trip made me interested in other markets. Being an  out of state investor in las vegas, I could be an out of state investor anywhere... Really.. I don't have to keep to one market.  So currently I plan to either do a 1031 Exchange and buy into a bigger ( Small Apartment Building ) 10-15 Unit or continue to pay down my units to free up some cashflow.

I look forward to what the future holds.