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Updated over 8 years ago on . Most recent reply

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Jeff Gates
  • Investor
  • Cathedral City, CA
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481
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How many rental properties do you own?

Jeff Gates
  • Investor
  • Cathedral City, CA
Posted

I am a private landlord with two properties. My questions is for private landlords:

How many properties do you own that you manage yourself?

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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

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!

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