Updated over 1 year ago on . Most recent reply
3 SFH Rentals | Goal is 50 units
My wife and I started buying out of state SFH Rental Properties in 2022. We have 3 so far with a goal of 50 units within the next 4-5 years. Primary focus is Sec 8 tenants when possible.
Our current units are in Toledo and plan to start buying in other areas of Ohio.
I'm currently exploring the best options to pull the equity out of my current properties.
I'm looking forward to learning and sharing as we grow.
Thanks,
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#3 Commercial Real Estate Investing Contributor
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- Philadelphia
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#3 Commercial Real Estate Investing Contributor
- Attorney
- Philadelphia
@Garrett Dube Why 50 units? Do you believe the xyz amount per house in rental income multiplied by 50 will be your early retirement? Keep dreaming. That's not how this business works. Whenever I read investor posts about unit count goals and utilizing section 8 rentals as the vehicle to scale a portfolio it loosely translates to buying real estate without paying attention to the fundamentals in the markets where they invest. You can own 1000 units and get crushed in this business. You can also own a handful do quite well. Your focus on an arbitrary unit count isn't indicative of success and can lead to bad investment decisions.