Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes
So this was the last day of a fitness/slim-down challenge my extended family and I have been on since January getting ready for a wedding.
This was a SMART (Specific Measurable Attainable Relevant) goal and had a positive result because of it.
We would weigh ourselves every Sunday and report via group text. Winner of the week gets $5. Winner for the month $10. Winner overall $40. Rewading wins during the process help us attain our goal.
I lost 25.6 lbs net and won. I was also the heaviest to begin with, but saw great progress in the amount of pull-ups, dips and push ups I can now do as well.
My next goal is to be a happier and more patient person. Hard to measure, but gotta try. I am listening to and doing the tasks of Happiness Advantage by Shawn Achor. We find what we seek. Seek the good.
I made it a goal to seek the good a long time ago. Zig Ziglar would say "The world has never erected a statue to a critic; therefore they're not held in such high esteem" (or something to that effect :) Years ago, when I read Dr Steven Covey's "The 7 Habits of Highly Effective People", I decided to began with the end in mind and I would be a person who always found the good in everything and everyone. Seek the good. This idea has transformed my life. It may be hard to measure as a goal, but the more you do it, the better you'll feel...and you can't feel good without a bit of that rubbing off on everyone around you. Best of luck reaching those goals!
Congrats on the weight loss, Steve! It is one of the tougher goals to achieve.
For me, my biggest goal right now is to get my newest investment comfortable and livable for my son who is due in a couple months. Ive already made great progress.
And I would like to get back into a workout routine (im heading in the opposite direction as you with weight). I boxed for a few years, fought in the amateurs, ate well, and lost weight. And I had never felt better during that time.
Congrats on the weight loss. Pretty soon you'll be back to 20 pull-ups, 100 crunches, and a 18:00 min three mile!!
I'm trying to be a lot more focused on how I spend my time. Instead of being so task oriented, ie grinding thorough a job/jobs at full speed until its done, I'm trying to pull back and manage my time a better so I don't make a bunch of gains in one area, but feel backed up in others.
For sure not a SMART goal, but it is helping me build muscle memory and habits that will, hopefully, compound over the long term.
Ooh-rah Devil Dog. A perfect 300 PFT isn't on the radar anymore, but pretty close if they'd let me do a push/pull sled instead of running. Youch!
Yep, balance is huge. Us entrepreneurs go go go on one thing, while others slack. Great goal - balance is key for me, too!
You know I hate to see a couple brothers going the wrong way on the scale.
I'll tell you my secret. As the 10x Napper you know it's gotta be easy and convenient.
Don't eat if you're not hungry! That's it! I love intermittent fasting. Worked up to a steady 16 off, 8 on. Sometimes I forget and do 18 off. Cut carbs and don't eat in the morning until you are hungry.
There's a couple tricks about hydration and getting electrolytes and potassium without eating all over youtube. Check it out and good luck!
@Joe Splitrock. For weight loss I’ve had success just eating less. I still eat the same foods as before just less. I also sometimes skip meals if I’m not hungry. So far it’s been working
Losing weight is not easy - in fact, nothing worthwhile in life is easy.
Talking about goals, I am a firm believer in B.H.A.G. - Big Hairy Audacious Goal
With hotels, my BHAG is to personally own $1 BILLION worth of hotels.
One BHAG I have set recently is providing full-ride college scholarship to 25 deserving students (who were orphaned or abandoned to the care of the state). My family have helped me when I was down. I have since helped and given back to my family. I want to help those who don't have any family or those abandoned by their own family.
Awesome, Micheal. Love me some BHAG with a compassion component. If our why has a slant towards giving back, all the better and deeper it will be!
So BHAG. Nice term. I just learned WAG the other day. Realtor was going to comp for an ARV on a major rehab house. My contractor buddy just asked her for a quick WAG while we were looking. WAG, wha't's that? Wild Arse Guess. LOL
@Steve Vaughan great job with the weight loss. Unfortunately I found the weight you lost...
Our main goal is to become more passive with our rentals, yet I spent all Sunday putting the finishing touches on our latest acquisition. We have a great tenant moving in and I wanted it in perfect shape. It is pretty easy to hire people for defined jobs, but the small odds and ends are tough.
Any tips on the weight loss, besides eating less and exercising? For me the hardest part is knowing what to do and just not doing it.
Sorry I didn't get to you Joe before spilling my weight loss secret. Intermittent fasting was the key for me. I started with a 12/12, not eating from say 9pm to 9am. Then worked my way up to a 16/8 or even 18/6. With no loss of energy. Amazing, cheap and easy!
I hear you wanting to get more passive. Just today I ok'd an $850 water heater replacement 40 mins away. The old me would be loading that in my van, hauling, disposing and installing all freaking day. Took 1 minute to put a check in the mail, but I did flinch.
It's the little things that get me, too. While I'm there installing a faucet, I'm also cleaning the exhaust fans, fixing the doorbell, painting some touch-ups, snaking drains, etc. We need to clone ourselves. To do that we need to invest in a protege with written systems I'm afraid. All we can do is get more passive one step at a time!
Congrats on the weight loss! My husband and I actually did something similar, weekly weigh ins, but our incentive was a big screen TV... we dropped 55lbs and got a 75" TV now and it's phenomenal!
Linda, that's awesome! I'm just cheap and plenty motivated for $5 per week. LOL
I need to mention that my wife was my partner and rock star in this journey, too. (like eveything else, right?) Very proud of her for losing over 23lbs as well. It certainly helps when you're both on the same page!
1. Download myfitnesspal: The app calculates your required daily calorie intake. Log everything that goes into your mouth. You will be surprised how calories add up. Make sure you stay under the required calorie intake.
2. Intermittent fasting: This isn't easy. It ensures I do not snack. I have 2 meals a day.Those meals need to take me through 16 hours without food. It help choose my food/calories wisely.
3. Exercise: Even 30 mins 3 times a week helps.
It takes approximately 2 weeks to get into the DISCIPLINE of eating right. The hard part is getting past those 2 weeks.
My goal was to shed 35 lbs. I am 4 lbs away from achieving it. All it took was using small achievements to motivate me to reach my goal in 4 months.
I am looking to buy a small apartment complex ( 16 to 21 doors) in Houston. I have successfully managed 1 rental property for 10 years. Now I am ready to get into the business full time. I am at stage one and with some learning, help and advice, I will meet my business goal. I have lots to learn. Hoping to make some helpful friends on this journey.
My daughter and I worked on her frisbee throwing last week. She started out throwing the disk to the ground . Now she can throw it past my front yard and my neighbors yard. Not too shabby for a 6 year old!
Phase 1 of my new goal completed!! Im just so stoked to get a chance to finally level up my game...
I've been a long time passive buy and hold investor in Los Angeles. Found Bigger Pockets just a little over a month ago and got super inspired by all the education and the podcasts I've since devoured. Decided to shift my focus more on Real Estate investments more seriously. As you know, Los Angeles market is a tough nut to crack... So I decided to pivot to do bigger things beyond just buying, rehab, and hold to accelerate some cashflow for more investments.
That said, I dove right back in... I've closed escrow with a JV partner last week on a SFR on a LAR2 (which we will tear down and build 2 houses from ground up to add and force some value) This will be my first ever ground-up build... and actually my very first real official "flip". I challenged myself to do all without using my own cash (instead Im using 100% Helocs against a couple of my investments). Potential upside is 300K-500K net profit which my partner and I will be splitting. I will be using that profit as downpayment for the next property for a long term buy and hold. Today is first day of ownership... and its Demo Day!!!
Good job @Steve Vaughan. I’ve been thinking about getting back into seriously working out for a while now, and after reading your post this morning while drinking my coffee I called up my local CrossFit and set up an appointment to meet with a personal trainer. Already met with them this afternoon and paid the $700 for the month of training so I knew I wouldn’t back out and would be committed and have someone to hold me accountable. Workouts start tomorrow.
Thanks for the post and extra motivation I needed.
Good job @Steve Vaughan. after reading your post this morning while drinking my coffee I called up my local CrossFit and set up an appointment to meet with a personal trainer. Already met with them this afternoon and paid the $700 for the month of training so I knew I wouldn’t back out...
Thanks for the post and extra motivation and I needed.
You've made my day, Kyle. Happy to help. Talk about taking action! Skin in the game keeps us in when it gets tough.
I didn't pay a trainer 1 on 1 but definitely utilized the Body Pump group classes 3x per week and small group HIIT ( high intensity interval training) circuits when I could. Those were both great.
Just remember it's not my fault when you're hurtin at the gym ☺. Been there. Worth it. No pain no gain my friend!
Congrats Steve. Those are some big results. I did a fitness/health goal this year too, but I didnt find much motivation in a weight target. Instead, I signed up for a bunch of Spartan races and Tough Mudders that were WAY out of my fitness league, and that has pressed me to hit the gym more. I have a 14 miler with 35 obstacles in Aspen in 2 weeks. The elevation will kill me. Especially since I had a kid 2 months ago and I've been slacking off big time.
For RE, my goal was to get more passive. I've sold 9 units this year and am reinvesting some proceeds in Syndications, some opportunity zones and some not. Already starting to get paychecks and life is good :) I don't know why I didnt do syndications sooner.
So this was the last day of a fitness/slim-down challenge my extended family and I have been on since January getting ready for a wedding.
This was a SMART (Specific Measurable Attainable Relevant) goal and had a positive result because of it.
We would weigh ourselves every Sunday and report via group text. Winner of the week gets $5. Winner for the month $10. Winner overall $40. Rewading wins during the process help us attain our goal.
I lost 25.6 lbs net and won. I was also the heaviest to begin with, but saw great progress in the amount of pull-ups, dips and push ups I can now do as well.
My next goal is to be a happier and more patient person. Hard to measure, but gotta try. I am listening to and doing the tasks of Happiness Advantage by Shawn Achor. We find what we seek. Seek the good.
What are you working on? Any wins to share?
Congrats Steve, that's awesome!
My goal that I am working on now is starting a real estate investing focused YouTube channel by the end of the summer! I recently launched a website focused on Cleveland area real estate investing, and I am super pumped about soon having a series of videos that will go along with it. I've been mentoring and advising people on real estate topics for quite a few years now, and I often find myself repeating lots of the same stuff over and over and over and over... so it finally hit me that I should actually record it and document it so that there would be literally no limit to the number of people I can impact =)
One of my goals is to listen to all the podcast from BiggerPockets I started on episode 1 about 2 weeks ago and I'm now on episode 50. I have to rental investments buy-and-hold and I plan on buying my third property by there the end of this year or the beginning of 2020 I just want to make sure to get around 1% to 2% of the purchase price so I want to teach myself some more information cuz you never stop learning so I'm going to listen to all the podcast BiggerPockets and hopefully go into it more knowledge to succeed. And my second goal is to find a balance between work business and family and understand that there's always a time for everyone I just have to do better at time management I know that's kind of a big issue for some people in my case it is I work a full-time job 48 hours a week.educate myself on real estate on my spare time every week and I also read up BiggerPockets book of rental properties by hold I'm on page 50 of that .I read Rich Dad poor Dad I change my whole mindset and I just want to focus on educating myself a little more going into this third property and hopefully getting a lot more cash flow my 10-year goal is to have 10 properties and then saw them off and do a 1031 exchange for 150 apartment complex to buy and hold and live off the income.and have freedom to spend time with my family. To any new invester that are new or senior in the game,I would love to just buy you guys breakfast and talk real estate. Feel free to message me would love to bring anyone value . Free no charge lol 😂😉 I DNT do the charging for information. Shout to all the sin City real estate investers.
Loved the thread but it seems like we all needed to drop a few pounds ;-) I recently have been doing the same! LOL. I have been looking to (re)start my US investing and am currently in the process of closing a place in Huntsville. LOTS of lessons learned here as an out of country investor. Getting money out of Japan is a nightmare. Hopefully we do actually close next week. Also looking to refi in Japan - I hope to drop a full 1% or more off my rates! That would be killer. Also debating (a goal if I have a buyer) about selling a building before October when taxes go up to 10%. The wife and I are looking to buy a place that has a 2nd building in back. Both are tear downs but can have a 4-6 unit on the property next to us. 1 big unit for her parents as they age so we can be close and they don’t have stairs. The rest for $$$.
Good luck to everyone and their goals! Eat right, exercise, and get your “me time” to think, forget and plan.
Loved the thread but it seems like we all needed to drop a few pounds ;-) I recently have been doing the same! LOL. I have been looking to (re)start my US investing and am currently in the process of closing a place in Huntsville. LOTS of lessons learned here as an out of country investor. Getting money out of Japan is a nightmare. Hopefully we do actually close next week. Also looking to refi in Japan - I hope to drop a full 1% or more off my rates! That would be killer. Also debating (a goal if I have a buyer) about selling a building before October when taxes go up to 10%. The wife and I are looking to buy a place that has a 2nd building in back. Both are tear downs but can have a 4-6 unit on the property next to us. 1 big unit for her parents as they age so we can be close and they don’t have stairs. The rest for $$$.
Good luck to everyone and their goals! Eat right, exercise, and get your “me time” to think, forget and plan.
Thanks for chiming in, Bruce. Challenges of foreign investors or investing on foreign soil sound real and something to definitely be aware of.
You're smart to be tax-aware. I see a lot of oh whoops on here. Like I should have waited to sell until this time (usually 366 days) witin this window of time (with a pending law coming into effect) or, more commonly - I shouldn't have sold so many in the same calendar year or I wish we waited until we inherited it.
Sounds like you have a lot of projects going on. Best wishes on those and thank you for sharing!
@Steve Vaughan Congrats on hitting your goal! Becoming a healthier and happier version of yourself can be one of the biggest hurdles to get over. I can promise you that you will continue to feel better as you stay healthy. Great job. Currently, I am just working on becoming debt free, only around 4K more to go!
@Steve Vaughan Congrats on hitting your goal! Becoming a healthier and happier version of yourself can be one of the biggest hurdles to get over. I can promise you that you will continue to feel better as you stay healthy. Great job. Currently, I am just working on becoming debt free, only around 4K more to go!
Being consumer debt-free is an awesome goal. Congrats on only having $4k left. How much did you start with? How long ago?
Took me about 32 months to get through $87k. Rice and beans, beaters and pb&j!