Anyone wants to share their success stories for rental properties? When did you start? How many you got now? Monthly cashflow and net?

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Started at 24 with a house hack. Sold 10 years later and used that money plus other saved funds to buy a beach house for the family that we’d also rent out. Then bought a tear down on the same street and built another rental we use a bit too.

First house I only put $15k down. Beach homes I invested ~350k each.

Today I have the 2 beach rentals and each nets ~ $100-125k a year plus I build $25-30k/year in equity with other people paying off the mortgage.

I also gained about $1.5m total in equity from appreciation since they were purchased.

likeuplifting

I am looking to get into beach rentals, would you mind messaging me?

I’ve had considerable success in redeveloping strip malls into exclusively medical centers in the south. I got my ass handed to me up north in class b/c multifamily, directly caused by COVID. I will never invest in lower income housing in a blue state again.

Multiple Single family home ownership for last 20 yrs. Not in a market that appreciated like crazy. Still, some homes appreciated considerably - most double, one 6x.

I had 2 in 2021, sold one, turned it into 10 in 2023. Still stabilizing the 6 unit, the others are doing well. I don't generally look at the net as much as I look at the reduction in costs for my life. I turned one SFH into a 2 unit and lowered my housing costs by 60% (90 including the income from the SFH). Once I reach 400% of expenses, I will consider leaving my W2. The stabilization I am currently under will put me at about 175, so probably a few more years for me.

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