Today is the beginning of the rest of your life!

Posted on Monday, April 07, 2014

I just received the rent from my rental property and as plenty of people know, this is a great feeling. I would much rather enjoy receiving rent than a paycheck and although I really do like my job there is a huge difference between going to work and NEEDING a check than going to work and knowing you have an income stream coming in. At this point $1,000,000 seems like it is a galaxy away, but I have a desire to earn much more and it seems that it's going to take determination and discipline with maybe a hint of some luck. I think by having this blog it will be fun to share the ebbs and flows of this business and moreover, it will hold me to some level of accountability.

I currently own one property free and clear and I am looking to build my empire by flipping 2-4 properties per year and purchasing 1 rental every 6 months for now. Once I have this down to a science I will bump that up to at least 1 flip per quarter and a couple rentals per quarter as well. I am currently shopping loans and I think I found a lender that will be able to assist me to purchase my next property so I can proceed with my first flip. Let's hope this goes well, but regardless of how it goes I will keep you guys updated every step of the way.

Comments (3)

  1. Tiny_1399768004-avatar-rios9000

    Every 5000 mile journey begins with the first step. I'm glad things are going well, good luck keeping up that pace!

  2. Tiny_1403313351-avatar-nattydread

    Ahh yes, Landlord Appreciation Day, my favourite day of the month ;-)

  3. Tiny_1418543811-avatar-ilhan

    Congrats on your journety. I know the feeling you are feeling. It feels great. Stay focused and keep your goals in front of you.

To leave a comment, sign in or create a free account on BiggerPockets today!