two years into rental business now

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.

所有跟帖： 

• 你看都不去看？不怕骗子？ -hot-chili- ♀ (0 bytes) () 06/27/2012 postreply 08:01:51

• after the 1st house, I got trusted pm to look for me. -jjj7- ♂ (0 bytes) () 06/27/2012 postreply 08:07:36

• very nice... -jy101- ♂ (0 bytes) () 06/27/2012 postreply 08:06:48

• thanks LD for everything. -jjj7- ♂ (0 bytes) () 06/27/2012 postreply 08:08:30

• take baby steps.. -jy101- ♂ (44 bytes) () 06/27/2012 postreply 08:12:00

• yes. Sir. Slowly and steady... -jjj7- ♂ (0 bytes) () 06/27/2012 postreply 08:15:43

• 谢谢分享！正在学习。 -greennew- ♀ (0 bytes) () 06/27/2012 postreply 08:29:33

• 20-30w x 2 a year? Rich guy BSO lol... -borisg- ♀ (0 bytes) () 06/27/2012 postreply 08:31:02

• I may switch to pursuit high return at certain point. -jjj7- ♂ (151 bytes) () 06/27/2012 postreply 11:39:41

• 恭喜恭喜！ -zbj8888- ♂ (0 bytes) () 06/27/2012 postreply 09:13:03

• 真也是我的打算 -trendspike- ♂ (0 bytes) () 06/27/2012 postreply 09:21:36

• 打算? not start yet? -jjj7- ♂ (0 bytes) () 06/27/2012 postreply 11:50:58

• 听起来很好！ -zbj8888- ♂ (345 bytes) () 06/27/2012 postreply 09:46:14

• I have lost money in stock market (overrall) -jjj7- ♂ (175 bytes) () 06/27/2012 postreply 11:55:51

• It might lost money in RE too. -zbj8888- ♂ (0 bytes) () 06/27/2012 postreply 20:20:22

• Man. You are brave. Bought remote houses like cabbage. -FHZM- ♂ (107 bytes) () 06/27/2012 postreply 09:49:50

• same here。Me2.。。。 -SunshineInCA- ♀ (0 bytes) () 06/27/2012 postreply 09:54:16

• after read your post, I think we are of similar investment style -jjj7- ♂ (0 bytes) () 06/27/2012 postreply 11:43:22

• 不会吧？我没用PM，没有remote买房。 -SunshineInCA- ♀ (54 bytes) () 06/27/2012 postreply 12:16:42

• see qqh -jjj7- ♂ (0 bytes) () 06/27/2012 postreply 12:56:50

• Your plan is good, thanks for sharing. -SunshineInCA- ♀ (0 bytes) () 06/27/2012 postreply 13:40:07