BiggerPockets

Our company goals just for our assignment strategy only, not including projects that we also plan to rehab and/or buy and hold are to assign 50 contracts by the end of next year.

Our target is 4 deals per month just for assignments.

This month of December we already have 5 under contract that we will flip to investors looking to make larger spreads.

All our properties are in our control with pending negotiations on another 10, so we are projecting we will have a total of about 7-9 properties under contract before the end of December.

We are shooting for an average of making 10k per assignment. 50 deals x 10k per = $500,000 gross earnings for 2011

We are going high volume eventhough we are not a huge company. We are leveraging all our relationships and working VERY hard.

Those are just our goals for the assigment strategy of our operations.

when looking at my goals for this year, i am very happy with how 2010 played out for me..i added several great rentals that cashflow extremely well....for 2011, i plan to continue purchasing apartments that cashflow well...i'd also like to flip more homes than i did in 2010 for immediate cash...in addition, i plan to delegate more responsibility to others and hopefully hire someone by june...2010 was spent doing way too many things that i could've paid someone to do, like dropping off appliances in apartments, putting out signs, etc. time to start treating my business, like a business!

I don't see any problem in erring on the side of fiscal conservatism (and I'm talking business here, not politics). I would much rather roll up my sleeves and tackle some jobs just a little too much than write way too many checks.

Goals for 2011:

1. Raise $5M for our new fund and start $10M 2nd raise (2nd raise stretch goal)

2. Reduce our debt to equity ratio in our personal portfolio to 1 and raise 20% of our long-term debt in cash (20% stretch goal)

3. If goals 1 and 2 are done purchase another commercial portfolio property and repeat goal 2 (This whole goal = stretch goal)

2010 was extremely chaotic and I learned a great deal. Hopefully 2011 will be less chaotic!

Currently I am signed up with about 30 banks and counting with direct contacts to the commercial special assets vp's and directors.My goal is to sign up with a few hundred more.

Most distressed properties released by banks are lots and raw land for which they see no recovery followed by mom and pop type stuff.

2011 I believe more of the bigger stuff will hit the market more frequently.

Goal is to do at least 30 million in transactional volume on real estate deals as a broker and then purchase a few investments of my own.

Between triple net,apartments,and bank distress deals I believe my goals are achievable.

I'm just beginning to invest in luxury homes and I set a goal of $500,000 in gross income for 2011.

Chester

-To create 6 months liquid living expenses.
-Drop the W2 job and do real estate exclusively.
-Complete 16 Retail Transactions.
-Add a property to our Hold Portfolio
-Complete our First Flip and reach for (2) next year.
-Bring on Wife full time so she can quit her job as well.

Have all of our "Dream Team" In place - Accountant, Attorney, General Contractor, Handyman, Insurance, Subs, Hard Money, Conventional Funds, Private Funds.

My goal is to make 15 other investors dreams of purchasing multi-family apartment complexes a reality.

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My goal is to re-retire. The recession forced me to liquidate almost everything as I battened down the hatches. 2011 will be time to restructure for the long term or foreseeable future, and real estate will be a more prominent feature of that. I also hope to buy my own home next year, but that really depends on whether prices dip some more.

Mehran,

If I may make a suggestion, your 1st property should always be a 2-4 unit multifamily. You can get O/O rates. And THEN buy your "real" residence. You can get O/O rates for a 2nd time.

OTOH, if you buy a SFR first, you will have to cough up 25-30% down plus pay a higher interest rate on an investment property.