My 4th rental property is now under contract

[Jarrod Ochsenbein]

    I don't post a ton on here, but wanted to start posting more in an effort to share, network and learn.  I started investing a little over a year ago and have earned almost $160k gross so far with 3 Padsplits.

Next year if I do nothing, the 3 current properties should earn about $200k gross.  The net this year is $36k and next year it should be over $48k with these properties.  

My 4th property is under contract now.  The main house will be house hacked for the first year and will turn into a co-living.   It has a full studio casita out back that will be an LTR.

I plan on buying 3 or 4 investment properties this year after I learn more on the co-living marketing and rent collection side of things. I am using rent-redi for this house since it comes with BP pro.  Since I have been using Padsplit for my first 3 investment properties I don't have the skills built yet for marketing or rent collection.  This property will be my first and I will be learning as I go! :)   At least I have the systems and processes in place for the co-living model.

Just thought I would share a little of my first year experience.   

Happy Holidays

Jarrod

[Nicholas L.]

@Jarrod Ochsenbein

congrats.  i know i could probably look at your other posts but since you posted...

-are you buying with conventional or DSCR financing? or something else?

-how many bathrooms per resident have you found to be successful?

-how is management split among you, PadSplit and any other third parties?

-any major differences among your 4 properties?