Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
11y
I had a goal of 30. Then I realized this was the wrong goal. My goal is now income...not how many doors I own. I reset my goal to the amount of income I desire and gauge my success on how close I am to achieving it. That "income" figures is net income...not gross rents, etc. I also have a goal of being debt free in less than 5 years so that the majority of income stays in my pocket vs paying off mortgages. You can have a huge NOI but pay it all out in debt service!
Investor/Accountant/Builder · Meno, OK · Member since 2014 · 1k+ posts · 918 votes
11y
I was at a small family reunion today, and a distant relative asked my 83 year old father in law how many cattle he had. As quick as could be, serious as he could be , he said, "less than 4,000". I burst out laughing because I knew he had about 20. We all had a good laugh.
Investor · Baltimore, MD · Member since 2014 · 1k+ posts · 688 votes
11y
enough that i want to blow my brains out on occasion. that is until i see those corporate koolaid drinking clones walking around working 80 hr weeks for as little as there company can get away with....than i want to do them a favor and blow their brains out instead
Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
11y
I had a goal of 30. Then I realized this was the wrong goal. My goal is now income...not how many doors I own. I reset my goal to the amount of income I desire and gauge my success on how close I am to achieving it. That "income" figures is net income...not gross rents, etc. I also have a goal of being debt free in less than 5 years so that the majority of income stays in my pocket vs paying off mortgages. You can have a huge NOI but pay it all out in debt service!
Real Estate Agent · Minneapolis, MN · Member since 2015 · 129 posts · 63 votes
11y
Originally posted by @Account Closed:
enough that i want to blow my brains out on occasion. that is until i see those corporate koolaid drinking clones walking around working 80 hr weeks for as little as there company can get away with....than i want to do them a favor and blow their brains out instead
Haha I can appreciate this comment. After working a corporate job doing accounting work I was reminded as to why I find Real Estate so enticing. I was not made to sit in a cubicle from 9-5 everyday.
Developer · New York City & L.I. · Member since 2013 · 79 posts · 29 votes
11y
12 SFH all within 5 miles of each other. I manage all of them myself for now. I could foresee managing 20 tops myself. Managing is relatively easy getting the properties is difficult and getting financing at this point in game for me is by far the most difficult!
@Steve Vaughan Are those all single family homes? How do you handle maintenance with that many doors?
Not all single-families. No way. 24 apts and 8 houses. Sold a triplex since. I just have a work van and do things in bunches. Winterizing hosebibs and sprinklers, gutters, furnace filters and water heater flushes. I have set days in the week I do certain things. Certain days I do nothing.
Eddie- you didn't answer the title question. How many and do you self-manage? Having none yet is ok :)