How many units do you own?

Rental Property Investor · Merrick, NY · Member since 2017 · 33 posts · 31 votes

I’m curious to see who exactly visits bigger pockets. Is it mostly newbie/wanna-be investors or more seasoned/experienced investors? If you are investing, are you in state or out of state? I’ll start by answering my own question, I currently have 6 units out of state and will be adding as soon as I find another deal, how about you?

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Sachin H.

Maricopa, AZ · Member since 2017 · 30 posts · 54 votes

Only 1.

Closed my 1st investment property (out of state) in Jan - Just got the lease signed! Ohoo!

49 Reply

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Brian Adams
Syndicator of Large Apartment Buildings · Glen Mills, PA · Member since 2009 · 1k+ posts · 1k+ votes
8y
@Jason C. BP is great for both folks starting out and those that are experienced.
For me I deem myself experienced and still learning. I check BP regularly and try to add value to the community based on my experiences acquiring 200+ unit apartment deals.
I have bought and sold over 2500 units with 99% of the assets out of state.
30 Reply
Chase Gochnauer
Investor · Des Moines, IA · Member since 2015 · 380 posts · 201 votes
8y
About 130 units, all in-state. Continuing to add as many as I can.
22 Reply
Caleb Heimsoth
Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes
8y
Jason C. As of today I have 3 units all out of state.
11 Reply
Eric C.
Investor · Grand Junction, CO · Member since 2017 · 207 posts · 201 votes
8y
3 currently but will be acquiring more in the next 1-4 months
6 Reply
Mackal Smith
Investor · Ballwin, MO · Member since 2015 · 111 posts · 83 votes
8y
25 units all in my same city... Accepted contract on 4 more (4 plex)closing in April, Accepted contract on 1 SFR AirBNB property closing in April, 2 more contracts out on 4 plexes hoping for acceptance by Monday...
8 Reply
Andrew Johnson
Real Estate Investor · Encinitas, CA · Member since 2016 · 3k+ posts · 3k+ votes
8y
@Jason C. I think you'll find that BP "activity" in the forums is usually from people with 0-3 properties or people with 20+. I don't see, oddly enough, a lot of posts from people like you with 6 units :-) That's not a good or bad thing, it's just what I notice. Heck, it might not even be true. And then you have syndicators with hundreds or thousands of units or people who put $50K into a syndication that are "a part owner of" hundreds or thousands of units. Now who actually *visits* might be a lot different than those people who post questions, reply to queries, etc. I know the two people who I've ran into in the "real world" that listen to the podcast, etc. never post on the forums.
Anyway, I'm trudging along at 36 units out-of-state meandering my way towards whatever the next deal may hold.
13 Reply
Linda S.
Investor · Richmond, VA · Member since 2016 · 1k+ posts · 2k+ votes
8y
@Jason C.
Great question, because I always wonder that too!
We currently have 9, and self-manage. We're currently in talks to acquire another 7 in a portfolio deal!
15 Reply
Justin B.
Investor · Gaithersburg, MD · Member since 2013 · 659 posts · 441 votes
8y
42 and counting.
11 Reply
Alex Cornwell
Rental Property Investor · Quincy, MA · Member since 2017 · 75 posts · 37 votes
8y
3 units
8 Reply
Steve Vaughan
Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes
8y
Too many, yet not enough. I need therapy.
47 Reply
Sachin H.
Maricopa, AZ · Member since 2017 · 30 posts · 54 votes
8y
Only 1.
Closed my 1st investment property (out of state) in Jan - Just got the lease signed! Ohoo!
49 Reply
Ken NyczajPro Member
Investor · Grasonville, MD · Member since 2017 · 453 posts · 415 votes
8y
None yet. Recently created a multi member LLC and have been looking at houses the past two weeks and will start making offers after this weekends showings.
In my written business plan, my short term goal of this year is to have 2 SFH as rental properties within a 15 mile radius of where I live. Luckily, my business partner is a licensed GC and can do the PM while I'm out of town for work. I'm definitely hungry for my first one!
12 Reply
Denise Brown-PuryearPro Member
Rental Property Investor · Julian, NC · Member since 2016 · 76 posts · 100 votes
8y
Hi Jason! We currently have 14 units which includes 1 (2) unit duplex, 1 SFH that is a furnished corporate (medical industry) rental and 1 brownstone property in Brooklyn that will provide (2) fully furnished rooms for corporate stays as well. Been in the biz for a while. Just having fun with it at this point while making a few bucks. :c)
15 Reply
Michael Tempel
Property Manager · Minneapolis, MN · Member since 2014 · 380 posts · 167 votes
8y
We have around 1000 units under management that fluctuates up and down based on property sales or new management right now.
7 Reply
Matt H.
Real Estate Broker · CA · Member since 2016 · 243 posts · 226 votes
8y
I manage/control 404 doors, and own a % of 375 of them. All in state here in SoCal. I am not on here too much, but try and come by and help when I can.
11 Reply
Jordan MoorheadBusiness Member
Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
8y
Currently I own 8 units and should be closing on another 2 on 3/14.
If that all goes through I'll be in MN, TX and KY. I plan on buying more in each state and am also looking for a mobile home park in any of those too!
[email protected]512-888-9122
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3 Reply
Diane G.
CA · Member since 2016 · 1k+ posts · 1k+ votes
8y
3 condo in the city of San Francisco, all 2/1.... 1 SFH right outside the city on the Pennysula... Itching badly to get more, but telling myself to wait for the next recession... Lol
15 Reply
Llewelyn A.
Investor / Broker · Brooklyn, NY · Member since 2016 · 665 posts · 1k+ votes
8y
OK.. I'll take the plunge here....
8 multi-family for a total of 24 units, 65 tenants and Asset Value of $17 Million plus under several partners and I in Brooklyn, NY.
I know asking how many units is already a good question but adding the asset value can also give you a sense on your particular investment strategy.
Obviously, the value per unit is $17 Million / 24 units = $708k per Unit.... and these are Apartments!
This can help distinguish between areas that have an average of $100k per Apartment. So if I owned $17 Million of assets where the average apt is $100k, then we are talking about 170 units.
Now, if we are talking $50k per Unit of current Fair Market Value.... then 340 units.
But we are talking only 24 units worth $17 Million.
Of course it would also be good to ask how much did you pay for all of your units?! But I'm sure we don't want to go there! :) But to give you a hint..... I've been buying for 2 decades+ in Brooklyn, NY.
21 Reply
Rita Medeiros
Rental Property Investor · Pompano beach, FL · Member since 2017 · 478 posts · 194 votes
8y
18 SFR in the past 10 months
18 Reply
John Thedford
Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
8y
13 and looking forward to retirement.
10 Reply
Brenton Way
Rental Property Investor · Mechanicsburg, PA · Member since 2017 · 47 posts · 27 votes
8y
I own 3 units all in central PA where I live. I purchased my first unit 6 months ago and my plan is to add 4-5 more properties to my portfolio this year.
7 Reply
Scott Anderson
Birmingham, AL · Member since 2017 · 45 posts · 58 votes
8y
Started two LLCs (multi-member) that own/will own a total of 10 units in two properties at the end of March (one closed last week and another is under contract) and invested in syndication that owns 50 unit/150 bed student housing development. Just getting started.
3 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
8y
Originally posted by @Michael Tempel:

We have around 1000 units under management that fluctuates up and down based on property sales or new management right now.
just curious if your a principal in all those units or PM? or both..
either way full time job I suspect.
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2 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
8y
Originally posted by @Justin B.:

42 and counting.
Justin all SFR's ??? did you aquire through usual means Off market mls ? and then did you do your own rehab.. or I suppose some of the unit needed light to no work and you just rented them out.. do you self manage ??
Only reason I ask is someone like you who I would put up there as a top 10% a lot of those starting out could learn a lot from your thought process and how you run them.
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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
8y
Originally posted by @Steve Vaughan:

Too many, yet not enough. I need therapy.
as you pay them off like your doing and over the next few years your units double or just about the cash flow without have to own more units and bring on the added work of more doors.
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