My goals for 2020. What are yours?

My goals for 2020. What are yours?

Real Estate Agent · Firestone, CO · Member since 2018 · 124 posts · 115 votes

One the things I learned from BP that I love the most is the goal setting for the new year. My fiance and I started this last year and really enjoyed it, for not only personal goals but couple goals. So what is everyone's goals for the next year?

Mine are the following:

1. Read 52 books. I attempted this goal last year and really enjoyed it. I got to 30 which I was actually very happy with. It forced me to develop a skill and I learned a lot about different things in the process.

2. Purchase 2 more rental properties. I set the goal for last year to purchase one and was able to achieve this through a partnership. I want to use the stack method now and continue to grow my portfolio.

3. Run a marathon. I was able to run my first half last year, which was a big accomplish as I had never ran before. I signed up for a marathon, but did not train the way I need to so I did not attempted after receiving some advice that I could really injury myself. Very much looking forward to achieving this one.

4. Double my sales as an agent. This is similar to the stack method on the portfolio. I know that if I continue to increase my sales that it will allow me to other things like expand my portfolio.

5. Have at least one date a week with my fiance. We are in the early stages of wedding planning along with her starting a new career so we have every excuses as why to not make this happen. That is why this one is the most important to me. I must carve out time every week for her and make it my most important thing I do!

I can't wait to see what I learn as I pursue each of these goals! 2019 was a blast of a year and I can't wait to make 2020 even better. What is everyone else goals? Looking to learn a new skill? Add more properties to the portfolio? Or even just be more presence in every day?

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Rental Property Investor · Erie, PA · Member since 2018 · 6k+ posts · 9k+ votes
6y

Smoke an entire carton of Newport’s and  Suck down three bottles of mad dog booze in one sitting 


actually mine is figure out how to not be a landlord and become the bank instead 

See this reply in the discussion

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  • Real Estate Agent · Firestone, CO · Member since 2018 · 124 posts · 115 votes
    6y
  • Valhalla, NY · Member since 2013 · 132 posts · 84 votes
    6y
    1. Buy first rental property. 2. Continue to learn something new everyday! 3. Read 24 books. 4. Help others. 5. Take multiple family vacations. 6. Eat healthy 7. Workout 2-3x a week Good luck to everyone else on there 2020 goals!
  • Real Estate Agent · Firestone, CO · Member since 2018 · 124 posts · 115 votes
    6y

    @Alexander W. Schuyler That is really impress of the 6 minute mile. I am still pushing to get there, but got a ways to go so that is awesome for you! I like that you have a specific set of books in mind to help your grow to your other goals. That is really impressive with the weight lifting. That is going require some work, but I am sure you can get back there. Real estate at first can be really scary. I listened and read BP for 6 months before I made any real progress. I love your ambition, but at the same time you have to give yourself some what of a break. You are aware enough to know you can do better and you will in large part because of that. I mental freak out right out of college once the shine of my new job wore off. I couldn't image being tied to my desk for the next 40 years of my life away from the ones I loved. I knew I couldn't experience the life I wanted without achieving financial freedom. Once I finally started making some really progress it began to snowball. Now I have 2 properties and know that I will add another 2 this year if not more. I love your willingness to give back already. That is one of my favorite things to do. I know there are plenty so much further in their journey then me, but if I can help even just one person a little move forward I am happy to do it. Best of luck with these goals. Can't wait to hear about them!

  • Real Estate Agent · Firestone, CO · Member since 2018 · 124 posts · 115 votes
    6y

    @Alison Lee That is awesome! I am sure you will find the right property. Best of luck on Tuesday I hope it makes sense!

  • Real Estate Agent · Firestone, CO · Member since 2018 · 124 posts · 115 votes
    6y

    @James Williams Those are awesome goals! I think the timeline really helps push your brain to problem solves the goals. This seriously is one of my favorite things of the years because I know that I can achieve these things if I will carve out the right amount of time and being intentional in that time. Best of luck with these goals!

  • Rental Property Investor · NJ and PA · Member since 2019 · 206 posts · 105 votes
    6y

    I'm loving reading these goals. Mine is pretty simple: I have a few cash-flowing properties, but I need a way to scale. This is the year I transition BRRRR. I'll do at least two of them this year, with a stretch goal of four.

  • Real Estate Agent · Firestone, CO · Member since 2018 · 124 posts · 115 votes
    6y

    @Steven Taylor I have a friend who has 2 warehouses in Kansas City and she loves them. I am curious to see what you end up doing with the grocery stores. Are you leaning towards one specific option or trying out a couple different ones? I love the nap more and work less. I think we should all have that as one!

  • New to Real Estate · Winston-Salem, NC · Member since 2019 · 19 posts · 11 votes
    6y

    Awesome goals! It’s awesome to see that there’s many people with the same goals as me. Mine are as follows:

    1. Read 26 books (or one every 2 weeks)

    2. Acquire 4 more units

    3. Connect with 2 new investing partners

    They’re not huge goals but I’m still getting into the real estate game and I’m excited to progress in this new year.

  • Real Estate Agent · Firestone, CO · Member since 2018 · 124 posts · 115 votes
    6y

    @Account Closed These are awesome goals! I love how once you find the first MHP you are going to just rinse and repeat. That is big! One of my favorite things as a kid was one on one time with my parents. I am sure your children will love that and look forward to it. The one with your spouse is so critical and I am going to steal this from you. I set the goal for a date once a week, but I know from last year that if I don't spend time really thinking about it we just default to sharing a meal. Not to say there is anything wrong with that, but I agree with you that it needs to be meaningful time not default time.

  • Real Estate Agent · Fort Collins, CO · Member since 2019 · 15 posts · 12 votes
    6y

    @Jon HillGreat thread!

    We just finished listening to "Atomic Habits" on our holiday drive, and it's helping us focus our attention on the little things that become big things! 2020 is the "Year of Consistency" for us, (last year was the year of systems, the year before the year of learning!)

    1) Focus on our systems for obtaining leads until we can match investors with their criteria-matching property 5x per month.

    2) Flip an average of 1.5 properties per month.

    3) Delegate.

    4) Get serious as a business. We've been "hobbying" it for the last 4 years, and always been profitable every year, but it's time to hunker down and work our system EVERY day!

    Good luck in the New Year! If anyone is from Colorado I'd love to connect with you (or Ohio, or TX, or anywhere, really!!)

  • Real Estate Agent · Firestone, CO · Member since 2018 · 124 posts · 115 votes
    6y

    @Nicholas Mann These are some awesome goals! Do you have a strategy in mind for the first property? I love the learning something new every day, That is what make this life so great. Anything specific you are going to be attempting to learn? Best of luck with all of these!

  • Real Estate Agent · Firestone, CO · Member since 2018 · 124 posts · 115 votes
    6y

    @Nicholas Mann These are some awesome goals! Do you have a strategy in mind for the first property? I love the learning something new every day, That is what make this life so great. Anything specific you are going to be attempting to learn? Best of luck with all of these!

  • Real Estate Agent · Firestone, CO · Member since 2018 · 124 posts · 115 votes
    6y

    @Gary Parilis Seeing everyone's goals really gets me fired up! That is awesome on transitioning to BRRRR. I have actually been thinking about doing something similar. I need to scale in order for me to become financially free at the pace I want. Do you have a property type and area in mind for it? Best of luck with the goals!

  • Real Estate Agent · Firestone, CO · Member since 2018 · 124 posts · 115 votes
    6y

    @Dalton Ward I think those are some pretty big goals personally. As long as you are making progress forward it will start to snowball and pay off. I think the book one comes up a lot because it allows us to learn so many other skills and ideas. Best of luck with the goals!

  • Real Estate Agent · Firestone, CO · Member since 2018 · 124 posts · 115 votes
    6y

    @Beth Liesenfeld Atomic Habits is actually one of the first book for me for next year. Good to hear that is worth reading. I love that you broke down the process in years. I know early on I tried to do everything at once and felt extremely overwhelmed and like I was never making any progress. I think the system piece is such a huge part for taking as you said taking a hobby to a business and then to the scale we want. It seems simple yet it one of, if not the hardest piece to implement. What are you plans as far as delegation? Looking to out source the heavy tasks? Best of luck to you with your goals and would love to connect!

  • Real Estate Agent · Firestone, CO · Member since 2018 · 124 posts · 115 votes
    6y

    @Bryan Hancock These are big time goals. Best of luck with all of them! I really like the piece about being intentional and family first. Those are absolutely critical and my biggest why's for this journey. Can't wait to hear about them!

  • Real Estate Agent · Firestone, CO · Member since 2018 · 124 posts · 115 votes
    6y

    @Josue Vargas Love the goals. Do you have a property type and area in mind?

  • Real Estate Agent · Firestone, CO · Member since 2018 · 124 posts · 115 votes
    6y

    @Steven Taylor Great goal! Everyone has to buy the first one, but the best thing about investing is once you get one it adds up. I have yet to meet anyone who has only one. Once you get the snowball rolling it gets easier. Do you have a strategy in mind for the purchases? That is a big reason I wanted to start this post. When you put your goals out their there is a natural accountable to voicing those goals. Best of luck with the first purchase!

  • Real Estate Agent · Fort Collins, CO · Member since 2019 · 15 posts · 12 votes
    6y

    @Jon Hill So glad you have the book on your list! Do you know how most books are a large picture? They are often time amazing but do little to actually make you more productive. The book spoke to my inner-detail self. Let me know what you think of it after you read it!

    We have a part time employee doing our direct mail marketing, and I just delegated social media posts to her today. She is also doing data entry for building our marketing funnel. I've been trying to do our books for the past 3 years-BIG mistake! So we just hired a bookkeeper and she will be incredible! I'm sure there will be more I will delegate as we roll through the year and as I can bring along our employee as she is ready. Systems have to come first before the delegation, so it takes longer than I'd like. We are getting there! 

    I sent you a request to connect as we are both in CO! Looking forward to keeping in touch as we move forward into 2020!!

  • Rental Property Investor · Scranton, PA · Member since 2019 · 7 posts · 12 votes
    6y

    @Jon Hill Good question. I guess I was just assuming the process would be easier with direct access. Do you have any suggestions on how exactly to work with an agent? Just tell them what we’re looking for?

  • Rental Property Investor · Member since 2019 · 4 posts · 6 votes
    6y

    @Jon Hill

    Jon,

    I absolutely have a strategy in mind. Im working towards a 4 unit rental property, and I will house hack with the first one.

  • New to Real Estate · Collegeville, PA · Member since 2019 · 9 posts · 7 votes
    6y

    @Jon Hill

    This is my first post in BP.

    My goal for 2020 is to have a minimum of 500$ cash flow

  • Glen Cove, NY · Member since 2019 · 41 posts · 14 votes
    6y

    Great thread! Love seeing what other like minded people have their focus on in the upcoming year.

    My 2020 goals are:

    move to Louisville (from NY)

    find job in Louisville

    pay off all credit card debt

    save for 20% down payment

    keep learning as much as I can on buy & hold single fam houses

    read 12 books

    want to buy my first property but also don’t want to rush it, need the gf on board as well (working on that, it’s going well) so if that’s not 2020 it’s definitely 2021

  • Real Estate Investor · Waldorf, MD · Member since 2014 · 592 posts · 320 votes
    6y

    It's the same as last year:

    - continue building my brand on my thought leadership platform...Instagram

    - looking down my 1st apartment acquisition in Cincinnati

    - Locate a cash partner

    - Continue building trust

  • Real Estate Agent · Firestone, CO · Member since 2018 · 124 posts · 115 votes
    6y

    @Nick Gann Yes, have to make it the most important thing I do every week. I love the seller financing piece. That is truly something you may not be able to do unless you ask the seller. Also love the hire someone. That is big, because it allows you to increase your dollar per. Best of luck with all of the goals! 

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