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?
4 x Fourplexes
1 x Duplex
1 x Condo
So, 19 doors total.
All out of state, all managed by PM.
Love BP, I log in for a few mins every day to learn what everyone else is doing and contribute where I can.
16 unit’s now, 4 of them in-State. Looking to add to the portfolio, though prices are very overvalued right now, making good investments more challenging to come buy.
Plan is looooong term buy & hold. I’m building a source of generational wealth for my family to hold down through generations. Beyond a source of funds to live one, I’m initially looking at the portfolio as a means to fund the college educations of my kids, their kids, & so on.
This is the most encouraging thread I have read on this awesome site! I am trying to acquire property number 2 (duplex) so to see so many people post numbers over 20 is exciting!
I have always wanted to know how many people on here went from a full time W2 to full time REI.
Brian Adams that’s great to hear about your success! I’m currently holding 21 properties. All in-State Southern Colorado. I live in Denver and own an oil business out here. I am very interested in getting into large apartment buildings. I would like to learn from you, if you have some direction I could follow. Maybe a course I could take or seminar/education recommendation. I am not an accredited investor yet, as I’m just getting into the low $100k/year. Thanks for any help you can give. Happy Investing Everyone!
I went f-t REI sooner than any normal person should with a young family in '02. After studying and learning all I could from the library over 2 yrs, I quit the cubicle and moved 3 states away to a doublewide by the river where our housing costs were less than $300/mo for everything. A $42k Heloc from our house we lease optioned in CO was our seed capital. Grew to 30 units or so while living in the trailer park for 5 yrs, driving beaters and eating pb&j.
Sometimes your freedom why overwhelms you. I was not commuting or answering to anybody anymore. I had had it. Ready fire aim is not recommended, but how I transitioned. Thanks for asking this question!
I went f-t REI sooner than any normal person should with a young family in '02. After studying and learning all I could from the library over 2 yrs, I quit the cubicle and moved 3 states away to a doublewide by the river where our housing costs were less than $300/mo for everything. A $42k Heloc from our house we lease optioned in CO was our seed capital. Grew to 30 units or so while living in the trailer park for 5 yrs, driving beaters and eating pb&j.
Sometimes your freedom why overwhelms you. I was not commuting or answering to anybody anymore. I had had it. Ready fire aim is not recommended, but how I transitioned. Thanks for asking this question!
11 properties, 13 units all in one town. Trying to decide if. I want to keep buying or pay them all off. I met my goal of 10 by the age of 40 last month. I can retire at 50 with an income equal to what I make from my current day job. Really struggling with quality if life over a large income and pride of a large company.
Hello, I started in August of 2017 and now have 4 SFH rentals all in state. 3 are PM and 1 self managed. I’ll be adding 1-3 additional units this year.
BP has been a great resource for me. Thank you to all that post and reply.
13 all in the Denver metro area. Started buying in 2010 and still buying now when deals make sense. Shifted focus to for sale new construction townhomes, currently entitling a 12 unit project.
I bought my first SFR and renting two rooms. My one year primary residence clause is up next month and actively looking for my next house hack, 2-4 unit. My dad owned a 4plex growing up and I have actively been investing for two years now
We have 4,
One out of state, that is a student rental for my step daughter.
We have bought and sold another four doors in the last couple of years. Rehabs and we got our
Cash out to do other things.
We are looking for more but are in that cusp of needing to think about how to scale.
We are spending more time asking questions like what does scale look like to us, refining our buying criteria.
We don’t really want to do syndications or work in permanent partnerships (at least today), and it’s also important to us to not bet the farm on the success or failure of one deal.
We are beginning to think about small multi family deals, or maybe even building,and we are interested in getting familiar with and accessing commercial lending.
I guess I would consider myself a newbie with experience or a veteran without experience. I always try to learn but can’t seem to learn anything. I am still trying to figure out if going solo or partner up on an out of state SFR or multi family unit would be better for my investment strategy. Currently I own one property and I rent it out to myself. Still looking for the right numbers that fit my strategies.
5 units. 2 sfh in Silicon Valley and 3 condos in grade A+ neighborhoods in San Francisco. That’s where I stop my grade A portfolio. I plan to keep that intact. I will now start accumulation of B and C multi family units out of state as cash flow only vehicles and intend to do that over the next 15 years.
I have 123 units all in state and within a 3 mile radius of each other. Just recently took back management and will be in the process of building a mgmt company around my own properties. Always looking for more deals and always open to selling for the right price
1 unit in Brooklyn and I own a 150 unit self storage facility in Mass with a couple partners. Looking to sell the BK unit and buy a couple 2-4 unit MFH by year end. Still very new to to REI, but learning a ton through BP.
~2,000+ units. started it all with one duplex. looking to acquire 1,000 more this year. Also managing small, med and large apartment communities as a fee/3rd party manager.
I have 1 SFH in my name that is rented and 1 SFH in an LLC that I’m rehabbing now so 2 total. All in state. And might be putting an offer on another one Monday.