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Updated almost 9 years ago on . Most recent reply

User Stats

111
Posts
34
Votes
Johnathan Alesso
  • Investor
  • San Diego, CA
34
Votes |
111
Posts

We bought 26 properties in 6 months

Johnathan Alesso
  • Investor
  • San Diego, CA
Posted

Hi fellow investors,

I want to thank Josh and Brandon for creating this forum that has offered so much priceless information and experience.  Thanks to all of the members, as well, for contributing to this exceptional website.

I began investing ten years ago with barely any capital. I saved enough through my job to finance a few rental properties that offered a decent amount of cash flow, but I soon realized that my incremental approach would not lead my financial freedom in the desired time frame. What was most frustrating was the unexpected CAPEX that bogged each of my lower-end rental properties. I thought about quitting and may have done so if not for this forum.

My partner and I were fortunate to come upon two separate 13-property portfolio packages.  I believe this good fortune was the result of a determined spirit, strong relationships, and an openness to ideas.  We closed on a total of 26 properties, five of which are duplexes, within the past six months, and hope to reach financial freedom within the next five years.  Our consistent goal is sufficient cash flow to meet our monthly expenses.  I believe we can reach this goal if we mitigate maintenance and repairs on our properties as well as reducing our personal expenses. 

I am happy to report that I am having fun along the way.  I could not invest if I did not enjoy both the ups and down. 

Once again, thank you all for your wisdom and experience.

Most Popular Reply

User Stats

247
Posts
76
Votes
Benjamin Barredo
  • Wholesaler
  • Knoxville, TN
76
Votes |
247
Posts
Benjamin Barredo
  • Wholesaler
  • Knoxville, TN
Replied

@Johnathan Alesso Congrats! You inspire me. I've only been going at wholesaling for a month. My goal is to take the money from wholesaling and then fuel rehabs that will fuel my rental buying which will create the cashflow I want to quit my job. I'm grinding and hustling but no luck yet. I'll be there soon though. That first deal is just around the corner.

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