I aim to invest in multi-family homes with my partner, using a buy-and-hold strategy to build our portfolio and expand over time.

Happy to share my BRRRR experiences, financing advice, etc..Chris

I am a 45 year old contractor and have been in construction all my life.

I have a nice hi-rise condo unit and I get tons of companies asking if I do MTRs for Visiting Nurses, Tech Professionals, etc.My place is positioned near a number of large DC Metro Hospitals, but since covid work-from-home and recent lift of Eviction Moritorium, I have had few people with jobs, but a ton of people recently evicted looking to rent my place.The one viable group - visiting nurses has been excluded because my HOA will not allow short or mid-term rentals (anything less than one year is a No-No).They claim too many transient tenants cause excessive wear and tear on the property and too many people using resources like the gym, or pool or common areas.I think that's a lot of horse waste!

My clients have been cash flowing well.

I recently heard from my tenant about consistently high water bills—over $1,000 each month.

In my experience, underwriting single family home rentals in California typically results in sub-4% unleveraged returns, which is awful given the alternatives. 

My accountant and bookkeeper have been dropping the ball and just seeing if there are sofware options available I may not be aware of. 

Investment Info:

Townhouse buy & hold investment.

Purchase price: $68,000

Cash invested: $14,000

Single family home in Ashland PA.

This past year has been my second year managing a long term rental, first time dealing with awful tenets.