Updated over 10 years ago on . Most recent reply
GOALS!!
Hello fellow BP investors! I first want to say that I love this website and what is has done for me in the 7 months I been on.
So my plan is simple for investing
I want (5) 4 plex multifamily and 5 SFR residents in the next 5 years. I have been doing research but feel that I will do my first deal as a FHA loan and take advantage of the low down payment options, but I am a licensed Realtor so everything after this I will do a 10% conventional loan since I get 3% in commissions that will go to my down payment and closing costs.
My price range is 150k to 200k per Multifamily and SFR and do 15 year loans with goals to pay everything off within 10 years. So I figure 1.5 million to 2 million + appreciation by the time I am 37 so that is my ten year plan. I as well have been slowing growing my RE sales business and set to close on 2.5 million this year while holding a FT job as an insurance sales professional. My overall plan is to quit my insurance job by 31 or 32 and go into FT RE sales. I have met many RE agents who are doing 18 million a year and 500k in commissions plan would to be at the caliber by 37 and than by everything cash and get into commercial! :) any insight or encouragement would help :)