Year 2015 in review

[Harry Zhou]

Background: busy software engineer in SF bay area.

Strategy 2015:  take calculated risk, invest dispensable funds to identify trustworthy out of state partners.

Started 2015:

• 3 (all out of state) rental properties.
• Holding cash for primary residency and/or out of state investments.

Today:

• purchased primary home in crazy bay area
• raised rent on 3 properties, 1 became vacant and we suffered 1 month rent loss.
• tenant flooded one of the properties, dealing with insurance now.
• added 3 more rental properties:
  • Purchased 2 property from FSHouses IN: started with one, very happy with the return so I purchased another one from them. Looking to expand my portfolio with them.  @Ashley Mullin and @Ryan Mullin
  • Purchased one property in Athens, GA from TopPerforming / J Tucker. The worst property I ever purchased, out of pocket around $5,000+ for all kinds of repairs already in 6 months. [I am not here to sabotage any business, real reviews here.]

2016 Goal:

• keep holding/improving current 6 properties
• working through a loan to close a 3-plex with a new turnkey provider.
• purchased 4+ more SFH.
• bring in more partners in software engineer industry for cash deals/better price.