Contractor · 08234 · Member since 2016 · 253 posts · 178 votes
Hi Everyone,
I'm a big believer in writing out your goals and visions for the future and having a plan on how to get there. I have just finished my 5 yr business plan for the beginning of my investment career and I wanted to see who else has written out their goals? Who has an innovative way to do Flips and Holds? Who has a great strategy to succeed in todays market? What are some goals and visions that you have for the future?
I thought it would be fun to share! One of my goals is to raise enough passive income monthly through investing in South Jersey, Philadelphia, and Central Jersey so I can support my family and buy food on a frequent basis for my local food banks. Me and my wife were homeless at one point and being hungry really hits home for us.
Investor · Holmdel, NJ · Member since 2015 · 53 posts · 23 votes
10y
@Account Closed very commendable! Keep writing down your plans and dreams. They will happen!
As I get focused on my real estate investing plan (I just closed on the first property that I ever purchased solely to be a long term buy and hold), my goal is $20k/month in passive income from SFRs in 10 years.
Contractor · 08234 · Member since 2016 · 253 posts · 178 votes
10y
Hi Robert Motch ,
That's an awesome goal! Congrats on buying your first long term hold! Thanks for sharing!
What area was you hold in and what made you buy it?
William Lees Jr
Investor · Holmdel, NJ · Member since 2015 · 53 posts · 23 votes
10y
Property is in Hilton Head, SC. Learned the area/made contacts through vacationing there and knowing people who owned rentals there. I want to buy properties that I would love in and raise my family in. The numbers made much more sense in Hilton Head than NJ and the price point was much better for me.
Investor · Honolulu, HI · Member since 2016 · 362 posts · 93 votes
10y
I wish you the best on your RE journey @Account Closed. My investing career plan remains unwritten due to lack of knowledge but I know for sure that I want to have enough passive income to exceed 4x my family's monthly expenses. My 3 children are under the age of 6 right now so I'm trying to prepare for the future when the really start to take a hit on my wallet.