Rob Smith

My wife and I bought our 1st rental (CH Ca.)around 2003 (we lived in it for two years then rented it for a year) we sold it for a 200k profit. (we should have keep it, it went up another 100k 1 year after we sold it, it would be paid for and renting for about $2800 a month can’t dwell on the past can only learn from it) Our 2nd rental (VV Ca) we Bought around 2006 (still have that one it is losing about $125 a Mo but after wright offs we should be OK and somebody else is paying for most of it Long story on that one bad loan we were making a killing about $600 a month for 10 years on an interest only loan thin it bit us in the but ouch refinanced it and luckily saved it trying to find out if I want to keep it right now) Our 3rd rental (Tx) was bought with little money down it is making about $100 a month positive before taxes. Our 4th Rental (TN 1) we our positive about $395 a Mo before write offs. Are 5th rental (TN 2) is positive about $398 a Mo before wright offs We are on track to buy 1 or 2 homes a year as of 9/14/18 over the next 2 to 3 years and then 3 to 4 homes a year after that. 9/14/18 update we changed from buying houses to renting out travel trailers because of a short sale we did so we cant buy for four years we are about 1 yr away from going back to SFR but while we are waiting i am renting 2 trailers for a total of $1000 a month not bad invested about 26k to get them. will see if that happens I have learned a lot in the years I have been buying Rental homes and I have met a lot of great contacts over the years I like to use little money down, and buy and hold long turm