Bought first rental house SFH in 2010 ($300,000 all cash offer). I am very excited to be able to get the 1st house after 20+ offers with no success. I learned a lot from the first deal and from TZLC at that time. My target is relative new property, no or minimum HOA, price in $20-30W, less maintance, can be less return, high appreciation potential. I have 9 properties (3 all cash, 5 loans, one in escrow now) now after more than 2 years and with a return of about 5-6% (with PM). I know the return is not good compare with other landlord's >10%. But, it suitable for a small landlord with full time job. I am planning to buy one or two every year for next 10 years and retire. Most of the houses I bought just over the internet/email without set a step into the house (remote), close at my house (mobile notary). It is good on line shopping experience.
two years into rental business now
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你看都不去看?不怕騙子?
-hot-chili-
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06/27/2012 postreply
08:01:51
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after the 1st house, I got trusted pm to look for me.
-jjj7-
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06/27/2012 postreply
08:07:36
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very nice...
-jy101-
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06/27/2012 postreply
08:06:48
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thanks LD for everything.
-jjj7-
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06/27/2012 postreply
08:08:30
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take baby steps..
-jy101-
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06/27/2012 postreply
08:12:00
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yes. Sir. Slowly and steady...
-jjj7-
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06/27/2012 postreply
08:15:43
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謝謝分享!正在學習。
-greennew-
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06/27/2012 postreply
08:29:33
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20-30w x 2 a year? Rich guy BSO lol...
-borisg-
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06/27/2012 postreply
08:31:02
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I may switch to pursuit high return at certain point.
-jjj7-
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06/27/2012 postreply
11:39:41
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恭喜恭喜!
-zbj8888-
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06/27/2012 postreply
09:13:03
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真也是我的打算
-trendspike-
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06/27/2012 postreply
09:21:36
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打算? not start yet?
-jjj7-
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06/27/2012 postreply
11:50:58
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聽起來很好!
-zbj8888-
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06/27/2012 postreply
09:46:14
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I have lost money in stock market (overrall)
-jjj7-
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06/27/2012 postreply
11:55:51
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It might lost money in RE too.
-zbj8888-
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06/27/2012 postreply
20:20:22
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Man. You are brave. Bought remote houses like cabbage.
-FHZM-
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06/27/2012 postreply
09:49:50
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same here。Me2.。。。
-SunshineInCA-
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06/27/2012 postreply
09:54:16
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after read your post, I think we are of similar investment style
-jjj7-
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06/27/2012 postreply
11:43:22
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不會吧?我沒用PM,沒有remote買房。
-SunshineInCA-
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06/27/2012 postreply
12:16:42
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see qqh
-jjj7-
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06/27/2012 postreply
12:56:50
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Your plan is good, thanks for sharing.
-SunshineInCA-
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06/27/2012 postreply
13:40:07