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Updated almost 8 years ago on . Most recent reply

Account Closed
  • North Hollywood, CA
4
Votes |
66
Posts

Why do you have more than 100 doors?

Account Closed
  • North Hollywood, CA
Posted

who has more than 100 units/ door rentals? How long did it take you to get there and what does it fee like?  Are you in an expensive market? What is your target; more or relax now and enjoy life ✌🏼

Any advise for newbies, take risk or try a few deals yourself before getting investors involved? How do you find leads? Did you have a full time job or business to fund the deals?

Thanks

Al

Most Popular Reply

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791
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1,670
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Austin Fruechting
  • Investor
  • Kansas City, MO
1,670
Votes |
791
Posts
Austin Fruechting
  • Investor
  • Kansas City, MO
Replied

I am at 141. Average rents in the $700 range. Recently, for some bigger portfolio deals I put together I did bring on equity partners/investors. I only did that after I had proven myself and really knew what I was doing. My ownership equates to 88 of the 141. It took 7 years from the first one. 

I've been without a day job for 2 years and my wife has put in her notice since we're past our freedom goal. I'll continue to put deals together since that's my favorite part. And they don't take that much effort/time on the back end for me since I have a great property manager. 

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