Done at 2?

Question

Who here is done with real estate investing at 2 properties? I remember Scott Mcgillivary said at a conference once that “everybody should have at least two properties”... i think this is a wise statement and I could do more; but I’m content in life! If the right deal comes my way and I feel so inclined I will change but I’m not going to bend over backwards for it.

Eric Gerakos · Answer

It's always the quality that matters, not the quantity.

Denise Supplee · Answer

Hi @Declan Kaster, Two well-performing properties can meaningfully improve quality of life without turning investing into a second job. Real estate doesn’t have to be about endless scaling, it’s about supporting the life you want. I turned my strategy around to completely passive group investments, and it’s helped me enjoy the life I want without having to worry about constant scaling.

Lesley Resnick · Answer

This the long game. I don't think there is a magic number for properties, nor income amount. The income will vary from month to month and year to year. Scale of economies is critical. If you only have 2 properties and one has a tenant turnover, you will have costs for repairs and vacancy. What if the other needs a roof or AC, you are underwater for the year.

The goal is for there to be enough money coming in overall that if you have a bad year, the others will support it.

Dan H. · Answer

There is no wrong choice for number of properties to own. Two properties can be perfect for you.

I personally enjoy the hunt for good RE purchases. For me it is not much different than catching the trophy trout (I typically photograph and release). I especially enjoy finding properties that can add value via a sophisticated value add.

Good luck

Done at 2?

Done at 2?

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