What are your Real Estate Goals for 2011?

Real Estate Investor · Fishers, IN · Member since 2009 · 408 posts · 196 votes

The holidays are around the corner and before we know it, it will be 2011. What are your goals for 2011? Did you accomplish your 2010 goals?

2 Reply

43 views

Most Popular Reply

Loc R.

Note Investor · Pasadena, CA · Member since 2009 · 849 posts · 544 votes

15y

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.

5 Reply

See this reply in the discussion

30 Replies

Jump to latestLatest

Sort by

Ryan Dennis
Real Estate Investor · Long Beach, CA · Member since 2010 · 13 posts · 3 votes
15y
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.
2 Reply
Mitch Kronowit
SFR Investor · Orange County, CA · Member since 2009 · 1k+ posts · 1k+ votes
15y
We were looking to add one more investment property to our portfolio in 2010 and it looks like we're going to miss, but just by a little. We do have an REO under contract now with a closing date sometime in January. But that still gives us most of 2011 to fulfill our goal of acquiring another property for that year.
3 Reply
Account Closed
Full-Time Investor · Charlotte, NC · Member since 2009 · 2k+ posts · 1k+ votes
15y
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!
4 Reply
Michael Rogers
Certified Public Accountant · Chattanooga, TN · Member since 2008 · 279 posts · 151 votes
15y
2010 was a good year for me. My wife and I bought a house and we had our first child, Mabry. On the business side my rentals stayed occupied all year and had limited vacancies. We also purchased a small self storage facility with an on-site house in September. It's a fixer-upper, but was sold at a discount due to the seller being motivated by personal issues. Overall a very good 2010.

In 2011, I'd like to finish the renovations on the self storage facility and the small house that is on the property. Also wantto get the occupancy factor above 90% on the self storage facility. Probably won't buy anything as most of my funds will go to fixing up this project and paying down some debt.
3 Reply
Mitch Kronowit
SFR Investor · Orange County, CA · Member since 2009 · 1k+ posts · 1k+ votes
15y
Originally posted by Bryan Alenky:
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.

2 Reply
Loc R.
Note Investor · Pasadena, CA · Member since 2009 · 849 posts · 544 votes
15y
I am very happy with my 2010.

I found a lot of private money, and I bought quite a bit of paper.

I would like to increase my net monthly cashflow by 25% and I plan on doing this via the acquisition of a small apartment building and have my note portfolio increase its net monthly income by at least 25%.
1 Reply
Bryan Hancock
Investor · Round Rock, TX · Member since 2010 · 8k+ posts · 4k+ votes
15y
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!
1 Reply
Ben Kevan
Investor · CA · Member since 2010 · 150 posts · 40 votes
15y
I'm hoping to get my first property, and learning from it. I did tons of research and put my time into the game, and feel that my first deal won't be a flop (I'm in contract, but am awaiting appraisal and inspections).

I'm hoping 2011 will bring me the reserve funds I have planned, and to start the savings process of a new property with another purchase in 2012. (if I get a purchase in 2011, then I'll be ecstatic).

2 Reply
Joel OwensBusiness Member
Moderator
Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
15y
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.
Podcast Guest on Show #47
NNN Invest53 Reviews
Website View Page
1 Reply
Dale Osborn
Mobile Home Investor · Spanaway, WA · Member since 2008 · 1k+ posts · 578 votes
15y
2010 wqs a very stabilizing year for us. We met several people who are seeking additional investments and may be able to do some business together.

2011 will be a year fo get some advanced education on different areas of real estate investing, creative financing, lease options, notes, and anything else that pops up.
0 Reply
Chester Olszowka
Real Estate Investor · Surrey, British Columbia · Member since 2010 · 9 posts · 4 votes
15y
I'm just beginning to invest in luxury homes and I set a goal of $500,000 in gross income for 2011.

Chester
0 Reply
Douglas Peterson
Investor · Cary, NC · Member since 2010 · 74 posts · 9 votes
15y
Great question!

I think our largest are to increase our rehab and sell projects and to add administrative staff.

We also have goals to raise commercial financing.
0 Reply
Mat Lewczenko
Investor · Lenexa, KS · Member since 2010 · 215 posts · 121 votes
15y
-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.

2 Reply
Account Closed
Full-Time Investor · Charlotte, NC · Member since 2009 · 2k+ posts · 1k+ votes
15y
hey mitch, i hear ya! i think i've done that enough now...i'd like to be able to use my time better to expand my business...my hope is that i have too many rental units by the end of 2011 that i have to hire someone to help collect rents...i will keep yall posted
1 Reply
Leah Henderson
Involved In Real Estate · Columbia, SC · Member since 2010 · 16 posts · 4 votes
15y
My goal is to make 15 other investors dreams of purchasing multi-family apartment complexes a reality.

[LINK REMOVED]
0 Reply
Mitch Kronowit
SFR Investor · Orange County, CA · Member since 2009 · 1k+ posts · 1k+ votes
15y
Originally posted by Bryan Alenky:
i'd like to be able to use my time better to expand my business...my hope is that i have too many rental units by the end of 2011 that i have to hire someone to help collect rents

I agree with you Bryan. That is the ultimate goal... make enough money that you can AFFORD to have everything done for you. :rock:

I'm not quite there, yet, so I still get my hands a little dirty while making sure all my cash-flow doesn't fly out the checkbook. :eyes:

Let us know when you "arrive". :clap: :clap: :clap:
0 Reply
Joe Strickley
Santa Barbara, CA · Member since 2009 · 90 posts · 13 votes
15y
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.
0 Reply
Mehran K.
Investor · Wichita Falls, TX · Member since 2010 · 3k+ posts · 603 votes
15y
My RE goals for 2011:

Purchase 1st home to live in.
Rent out spare roooms.
Buy 1st rental property
Find a Mentor

Good luck to everyone on their goals as well!

0 Reply
Loc R.
Note Investor · Pasadena, CA · Member since 2009 · 849 posts · 544 votes
15y
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.
5 Reply
Mehran K.
Investor · Wichita Falls, TX · Member since 2010 · 3k+ posts · 603 votes
15y
Solid,

I've considered that idea but the problem is the place I need to live (SFV) is rent controlled and on top of that the cap rates are between 5 and 6 percent. I have not found a single multifamily property that even comes close to the the 50% rule etc.

Thats why I plan on getting a SFR and then just coughing up the 25-30% and invest in a property somewhere elsewhere (maybe san jacinto/hemet or vegas who knows) when I save up enough.

I know you're pretty close to me, what do you think?
0 Reply
Account Closed
Full-Time Investor · Charlotte, NC · Member since 2009 · 2k+ posts · 1k+ votes
15y
gotta give this a bump...c'mon guys, who else has goals for 2011? it can be big or small...if you fail to plan, you plan to fail!
0 Reply
Stefan Forsberg
Real Estate Investor · Garland, TX · Member since 2010 · 86 posts · 34 votes
15y
I'll jump in,

Still new to the game but my goals are as follows:

Finish building the team, still need a few contractors and a great accountant

Do at least two fix and flips to build cash

buy and hold one of Duplex, triplex, quadplex or smaller apartment building (6-10 units) for cashflow and wealth building.
0 Reply
Jordan L.
Investor · Newbury Park, CA · Member since 2010 · 80 posts · 19 votes
15y
To successfully complete our purchase of our 3rd sfr and get it rented out(in escrow right now). Maybe getting a 4th property.
0 Reply
Audrey C.
Real Estate Investor · Lake Mary, FL · Member since 2010 · 35 posts · 5 votes
15y
My goals for 2011 is to do my first deal as a wholesaler. Steps I will be taking are, but not limited to, completing my profile, setting up my UPS address next week for mails and getting a foreclosure list for mailing.
0 Reply
Account Closed
Landlord · Seattle, WA · Member since 2010 · 3k+ posts · 1k+ votes
15y
There have been a couple of these threads, but I'll share my goals here as well.

I intend to purchase 2 commercial properties in 2011. In the process I will be selling one of my free and clear properties to do a 1031 exchange.

This is going to be a busy year though. Besides working on my investments I expect to be expanding my business practice and will be starting a major remodel of my home.

0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.