There are two months left in 2015, what will you accomplish?

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There are two months left in 2015, what will you accomplish?

Jon Klaus
Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes

We have just two months left this year. What will you get done?   Put it out there and we can help hold one another accountable.  

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Chelsea Ziss
Investor · Maumee, OH · Member since 2015 · 48 posts · 23 votes
10y

Honestly, if I get halfway through rehabbing the rental we just purchased, I'll be pretty happy. Sometimes it can be intimidating to read about everyone else's crazy successes when you're just starting out!

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  • Annette A.
    Waterville, ME · Member since 2015 · 269 posts · 53 votes
    10y

    wow i read alot of the above lists.  lots going on. I am a young newby in the field. 

    Personally i 

    --hope to acquire a pc of land I have had my eye on for many years

    --start a new business ( well make it official and inc. it into a LLC and increase prsence so i can have more working funds)

    --start on my development of the short-term cabin housing ; talk to code enforcer, call a tree harvester, soil test, cut in a road

    that's my list and I'm sticking to it. It really seems small to all that some of you are doing, but i know many of you have many years under your belt.  the BEST to you all with the rest of this year. 

    2Reply
  • Kevin Wells
    Medical field · El Cajon, CA · Member since 2015 · 15 posts · 8 votes
    10y

    Meeting tomorrow to start the purchase process for my first investment property.  In December going to start refinance on my personal residence also.

    1Reply
  • Teresa F.
    Residential Real Estate Broker · Clinton, MD · Member since 2008 · 297 posts · 178 votes
    10y

    Hmmm, my list is a bit different.  But here goes . . . 

    1.  Go to Malta.  

    2.  Go to Bali.

    3.  Finish bathroom rehab for holiday guests in my home.  

    4.  Ensure smooth closings for two clients. 

    5.  Get statements to book keeper for end of year. 

    6.  Go to China (it would be quick trip so this is a maybe) 

    7.  Write additional content for website.  

    8.  Look for rehab for flip.

    9.  Spend holidays with family.  

    0Reply
  • Chelsea Ziss
    Investor · Maumee, OH · Member since 2015 · 48 posts · 23 votes
    10y

    Honestly, if I get halfway through rehabbing the rental we just purchased, I'll be pretty happy. Sometimes it can be intimidating to read about everyone else's crazy successes when you're just starting out!

    6Reply
  • Joel OwensBusiness Member
    Moderator
    Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
    10y

    Hi Chelsea,

    Don't worry about it. Everyone has their own journey. No matter at what point in your investing career or professional career you still look at others with awe. Someone is always following someone else because even the most successful people can't be an expert in everything.

    I highly value other professionals that are the best at what they do because you get additional value from them.

    Podcast Guest on Show #47
    NNN Invest53 Reviews
    WebsiteView Page
    2Reply
  • Chelsea Ziss
    Investor · Maumee, OH · Member since 2015 · 48 posts · 23 votes
    10y
    Originally posted by @Joel Owens:

    Hi Chelsea,

    Don't worry about it. Everyone has their own journey. No matter at what point in your investing career or professional career you still look at others with awe. Someone is always following someone else because even the most successful people can't be an expert in everything.

    I highly value other professionals that are the best at what they do because you get additional value from them.

     For sure! Half the reason I'm on BP is because I am able to basically rub shoulders with incredibly successful people in a setting that is basically just conversation. No one is slugging their book or video series for only 3 easy payments of 99.99 or giving advice in the format of vague rah rah you can do it bullsh*t. There is real information, successes and faliures, analysis, case studies, etc. People will tell you if something is or isn't a good idea, but will wish you luck and hope you succeed either way.

    5Reply
  • Roy N.Pro Member
    Rental Property Investor · Fredericton, New Brunswick · Member since 2013 · 7k+ posts · 4k+ votes
    10y

    @Jon Klaus

    With no signs of anything worth buying on my immediate horizon, we will continue along with our list of small projects which have been deferred over the past couple of years due to more "immediate needs" - like replacing the aging sewer main in our 6-unit and removing the final bunch of trees damaged in our summer of 2014 hurricane {we felled eight last week}.

    We've also been strengthening our balance sheet this year - portfolio LTV fell below 60% in the spring and should be right around 55% at year's end - and pre-arranging access to that equity in the event we do find a 20 - 50 unit building meeting our criteria.

    Almost forgot ... have a 2nd coming due at the end of the year.  Mortgager is planning to pay-off this month (November), and wants place another 2nd in January for a new rehab ... so the latter part of December will be spent doing diligence to underwrite another loan.

    1Reply
  • Glenn McCrorey
    Investor · Cedar Rapids, IA · Member since 2013 · 494 posts · 407 votes
    10y

    Before the Romans added July and August (think Julius Ceasar and Augustus) there were only ten months in the year so I'm already done..... lol I retired last Dec., my wife is going part time as a realtor on Dec. 1 and we are headed to Ft. Myers for the winter as planned (12 years ago). Bought 6 houses this year with about 50K out of pocket total. Life is good, thank you REI for making it possible. PS heard my old boss that layed me off might be retiring soon.... good for him.

    3Reply
  • John Arendsen
    Homeowner · VISTA, CA · Member since 2015 · 727 posts · 340 votes
    10y

    Close escrow on a 1.5m commercial property we own that's been tied up in a one year friendly escrow over entitlement issues to build an express car wash which is badly needed in SoCal.

    0Reply
  • Austin Hughes
    Rental Property Investor · Lubbock, TX · Member since 2015 · 462 posts · 184 votes
    10y

    I am going to get the vacancy rate down from 40% to 5% on a 27 unit property I just got hold of.

    I am going to flip one house on owner financing.

    I am going to purchase a primary residence.

    I am going to acquire 2 homes on lease option or owner financing and use them as rentals.

    I am going to get an automated follow up system for CRM after I talk to leads.

    1Reply
  • Stacy E.
    Investor · Norfolk, VA · Member since 2014 · 125 posts · 19 votes
    10y

    Finish my flip and refinance it.  An extra bonus if I could have a renter by the end of the year.

    1Reply
  • Assata Moore
    Investor · Chicago, IL · Member since 2015 · 40 posts · 24 votes
    10y

    Close a deal my Condo Association is selling.

    Get rehab financing for a SFH I just purchased with cash.

    1Reply
  • Jon Klaus
    OP
    Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes
    10y
    Originally posted by @Assata Moore:

    Close a deal my Condo Association is selling.

    Get rehab financing for a SFH I just purchased with cash.

     Welcome to BiggerPockets, Assata!

    0Reply
  • Assata Moore
    Investor · Chicago, IL · Member since 2015 · 40 posts · 24 votes
    10y

    Thank you Jon!  Glad to be here...

    1Reply
  • Ray Fisher
    Rental Property Investor · Higginson, AR · Member since 2015 · 123 posts · 101 votes
    10y

    Just finished a rehab, and rented it.

    Taking time to regroup all tools, clean everything and get it ready for the next rehab. Put everything back on truck. 

    Help my son finish his current rehab, so they can be out of the camper in the yard for Christmas.   

    Try to find the next project that meets my criteria. 

    Finish refi at banks, trying to get 40 mortages into 4. 

    Spend some time on the house I live in. seems like the other jobs take president over our home. (make momma happy lol).

    Take some time and inspect our rentals do some needed maintenance on some of them.

    Take a vacation.  

    0Reply
  • Ashley Wolfe
    Realtor · Bedford, TX · Member since 2015 · 172 posts · 55 votes
    10y

    I'm not in the Real Estate game quite yet but I'm learning as much as I can.  Since I have a tendency to jump from one shiny object or project to the next, my goal for the next two months is to stay the course on my RE education.

    I also want to find a RE agent to work with who understands investors and who is patient with me as I will not be jumping into my first deal with a great deal of emotion and a "I hope this will work" attitude.

    I also want to become more fluent in the numbers game of fix and flipping or wholesaling

    I want my husband to join me as we start this part of our lives so we can build a better nest egg for ourselves and a business our son can take over one day.

    I want to research and move forward on at least one form of passive income that is not RE related.  I was looking at roost.com today and signed up as a Host.  

    1Reply
  • Ashley Wolfe
    Realtor · Bedford, TX · Member since 2015 · 172 posts · 55 votes
    10y
    Originally posted by @Rocky V.:

    1. Complete Haltom City, Tx rehab and sell property by end of year

    I work in Haltom City.  That's a great place to find distressed homes.

    0Reply
  • David Krulac
    Mechanicsburg, PA · Member since 2013 · 3k+ posts · 2k+ votes
    10y

    I have 10 settlements already scheduled, so I'll complete those.

    Have 6 more houses listed for sale, I'd like to sell half by the eoy.

    Have a subdivision with one lot left, settle that one and shut down the corporation that owns it.

    Have 1031 cooking, would like to complete the identification long before the 45 days expiration. 

    0Reply
  • Aaron Mazzrillo
    Investor · Riverside, CA · Member since 2011 · 2k+ posts · 3k+ votes
    10y

    Sold my vacation home up in Big Bear 2 weeks ago and thought I was done with the mountains. Then a wholesaler sends me another deal up there. I went to see it and after walking around to the front of the property, I immediately opened escrow. Before the end of the year I want to hire an architect to design a 2nd floor deck that spans the front of the house so I can take advantage of this epic view.

    I have a rental house I recently purchased that is being rehabbed. I have a flip on the market looking for a buyer and another flip that is being rehabbed. There are 3 historic houses in Whittier that should be wrapping up soon that I'd like to get sold ASAP. If I cleaned up all those messes, going into 2016 would be smooth sailing.

    I do want to increase gross rents by another $2K before end of the year and lastly, I need to find a new partner or hire a new full time office assistant. Haven't decided which route I want to go yet. Maybe I'll find someone on BP?...

    4Reply
  • Spencer Ross
    Phoenix, AZ · Member since 2015 · 12 posts · 1 vote
    10y

    Get my first wholesale deal under my belt!!

    1Reply
  • Andrey Y.
    Specialist · Honolulu, HI · Member since 2014 · 1k+ posts · 1k+ votes
    10y

    Finish cash-out refi currently in progress.

    Purchase next rental property. Either in HI, Washington state, or other area.

    Visit Seattle area, look at minimum 10 properties and get a feel for the market. Can anyone suggest some great realtors or tips on which areas to focus on? Thanks much!

    Plan next vacations to Australia and NYC.

    0Reply
  • Andrey Y.
    Specialist · Honolulu, HI · Member since 2014 · 1k+ posts · 1k+ votes
    10y
    Originally posted by @Aaron Mazzrillo:

    Sold my vacation home up in Big Bear 2 weeks ago and thought I was done with the mountains. Then a wholesaler sends me another deal up there. I went to see it and after walking around to the front of the property, I immediately opened escrow. Before the end of the year I want to hire an architect to design a 2nd floor deck that spans the front of the house so I can take advantage of this epic view.

    I have a rental house I recently purchased that is being rehabbed. I have a flip on the market looking for a buyer and another flip that is being rehabbed. There are 3 historic houses in Whittier that should be wrapping up soon that I'd like to get sold ASAP. If I cleaned up all those messes, going into 2016 would be smooth sailing.

    I do want to increase gross rents by another $2K before end of the year and lastly, I need to find a new partner or hire a new full time office assistant. Haven't decided which route I want to go yet. Maybe I'll find someone on BP?...

     That is an epic view. Where is that, northern CA?

    0Reply
  • Aaron Mazzrillo
    Investor · Riverside, CA · Member since 2011 · 2k+ posts · 3k+ votes
    10y
    Originally posted by @Andrey Y.:
    Originally posted by @Aaron Mazzrillo:

    Sold my vacation home up in Big Bear 2 weeks ago and thought I was done with the mountains. Then a wholesaler sends me another deal up there. I went to see it and after walking around to the front of the property, I immediately opened escrow. Before the end of the year I want to hire an architect to design a 2nd floor deck that spans the front of the house so I can take advantage of this epic view.

    I have a rental house I recently purchased that is being rehabbed. I have a flip on the market looking for a buyer and another flip that is being rehabbed. There are 3 historic houses in Whittier that should be wrapping up soon that I'd like to get sold ASAP. If I cleaned up all those messes, going into 2016 would be smooth sailing.

    I do want to increase gross rents by another $2K before end of the year and lastly, I need to find a new partner or hire a new full time office assistant. Haven't decided which route I want to go yet. Maybe I'll find someone on BP?...

     That is an epic view. Where is that, northern CA?

     Up near Lake Arrowhead. This is looking east and if I stand on my tippi toes, I'm pretty sure I can see the Atlantic! LOL 

    I need to trim two tress and it should have almost 180 degree view. To the west, I'm pretty sure I can see the Santa Ana mountains (between OC and Corona area).

    1Reply
  • Christine O'Meara
    Montreal, Quebec · Member since 2014 · 42 posts · 20 votes
    10y

    @Aaron MazzrilloWOW! BREATHTAKINK!

    My goal for the next 2 months is to close on at least one of the three offers I have made...

    (Find more deals and make more offers)

    With all that I have learned this year on REI and with the help of my Master Mind Team , if my goal is attained, I will be more than happy!

    It's a start!!!

    0Reply
  • Clayton P.
    Landlord, Wholesaler and Agent · Newton, NJ · Member since 2013 · 97 posts · 46 votes
    10y

    Hopefully get my offer accepted / structure something win-win on a 7-unit deal right in my target market. That would be sweeeeeet. Ugh. And - thanks to some advice from some other NJ-BPer's, niche down my marketing to try to ramp up my residential listings & get some decent income off this RE license. 

    Good luck errrybody! Clock is ticking...

    0Reply
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