HIT MY GOAL OF 100 UNITS!!

HIT MY GOAL OF 100 UNITS!!

Rental Property Investor · Erie, PA · Member since 2018 · 84 posts · 462 votes

I just hit one of my major life goals of owning over 100 units! I just closed a 70 unit deal which puts me at 118 units total. The reason I post this in the starting out section, is it is important for anyone just getting started that it really does start with that 1st deal. I got my start in 2013 by renting out my residential home instead of selling it when I moved. I hadn't thought about becoming a true real estate investor at that time. I just wanted to buy residential homes and rent them out when I moved so that when I retired I would have a little extra income coming in. From there I realized how much I enjoyed being a landlord and thought about maybe doing more than just a couple properties. Fast forward to today and I now have over 100 which has been a major life goal for me for the last 3 years. This allows me the option to quit my job if I ever decide to, as well as secure that I will be able to retire by the age of 45. I'm not where I plan to end up, but this is a huge step forward for me. When people think of success or wealth they see the fancy cars, big homes, and amazing vacations. They don't realize all the time, most of which is unpaid, sweat, and tears that goes into becoming successful/financially independent. They don't realize the sacrifices you have to make with friends, and family. The sleepless nights of wondering how the heck you are going to pay for all these bills starting pile up. My advice to new investors is to just keep pushing through. Make sure you are educated with what you are doing, and just keep moving forward. Eventually everything falls into place as long as you don't give up!

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New to Real Estate · Las Vegas · Member since 2019 · 63 posts · 47 votes
7y

Congratulations! This post has empowered me to continue the journey.

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  • Member since 2019 · 24 posts · 16 votes
    7y

    @Brandon Penn

    Congratulations on the journey! What an accomplishment!  Was multifamily your ultimate goal when you first started?

    @Manmath D. @Lance Riggen I also was reading MMM and listening to BP guests on how they live off 50% of their income or less and that has encouraged me so much.  I have always been somewhat of a saver but now with real estate goals in mind, it has turned it into overdrive.

  • Investor · Anchorage, AK · Member since 2016 · 222 posts · 294 votes
    7y

    @Brandon Penn Awesome story man. Congrats! I am only at 3 units (2 buildings), but I am trying to keep pushing forward. I was just starting to feel unmotivated before I read your post, and now you gave me some inspiration. Thank you!

  • Las Vegas, NV · Member since 2018 · 16 posts · 54 votes
    7y

    @Brandon Penn Great story thank you so much for sharing! It’s nice to have a whole community you can communicate with that share common goals. Thanks again!

  • Member since 2019 · 3 posts · 1 vote
    7y

    thank you for the motivating post. Will be there at some point in time. Congrats

  • Real Estate Agent · Las Vegas, NV · Member since 2016 · 589 posts · 275 votes
    7y

    @Brandon Penn congrats man that is a huge goal that you achieved and conquered. I would love to learn how you did it in more detail and chat to gain some traction 

  • Rental Property Investor · San Francisco, CA · Member since 2017 · 11 posts · 5 votes
    7y

    @Brandon Penn congratufreakinlations!! Very motivating! I completely agree with the part of how people dont realize all the sacrifices you have to make day in and day out. Wishing you continued success! :)

  • Los Angeles · Member since 2019 · 2 posts · 1 vote
    7y

    Inspiring. Thanks for posting. 

  • Member since 2019 · 112 posts · 19 votes
    7y

    @Brandon Penn

    Congratulations and this is inspiring. What is the average price per door you are getting? Looks it will take me forever to get to where you are. I can only get 3 to 5 doors per year. Here in my area each door cost 200k.

  • Investor · Woodbridge, VA · Member since 2019 · 162 posts · 64 votes
    7y

    Congratulations! That is an inspiration.

  • Albany, NY · Member since 2019 · 15 posts · 6 votes
    7y

    @Brandon Penn

    Congratulation on reaching your goal, and thank you for sharing your story with us and for the advice!

  • Cassidy BurnsBusiness Member
    Investor · Alexandria, VA · Member since 2016 · 859 posts · 460 votes
    7y

    Congratulations and Cheers! 

  • Member since 2018 · 1k+ posts · 1k+ votes
    7y

    "From there I realized how much I enjoyed being a landlord..."

    ----------------------------------

    That says it all. Do what you love and you'll never work a day in your life.

  • Rental Property Investor · Tacoma, WA · Member since 2018 · 1 post · 0 votes
    7y

    @Brandon Penn

    Congratulations Bruh!!! #Motivated #TMC

  • Rental Property Investor · Denton, TX · Member since 2017 · 51 posts · 17 votes
    7y

    @Brandon Penn

    Congrats brother, really awesome to hear about your success. Would love to chat in the future!!

  • Rental Property Investor · St. Louis, MO · Member since 2019 · 27 posts · 8 votes
    7y

    @Brandon Penn. 100 units blows my mind - more details for us mortals if you please!

  • Omaha, NE · Member since 2018 · 4 posts · 1 vote
    7y

    Congrats man, that is awesome. I just closed on my first investment property which is a tri-pelx and 100 units seems like such a lofty goal. Encouraging to see that you where in my shoes only 6 years ago and now are at 100 units. Thanks for sharing, keep up the good work. 

  • Rental Property Investor · South Bend, IN · Member since 2019 · 35 posts · 7 votes
    7y

    @Brandon Penn, this is super encouraging! Happy for you man! Keep it up.

  • Robert TinkerPro Member
    Rental Property Investor · Round Rock, TX · Member since 2019 · 251 posts · 159 votes
    7y

    @Brandon Penn Congratulations!

  • Investor · New Orleans, LA · Member since 2014 · 73 posts · 29 votes
    7y

    @Brandon Penn Congrats!! I am happy you reach that milestone in your real estate investment journey. Please let us know when you make it to 200 units :)

  • Contractor · Member since 2019 · 2 posts · 1 vote
    7y

    @Brandon Penn very inspiring for those of us that have yet to make their first deal! Way to go, it looks like you might be in line for a Podcast if Beardy Brandon gets a hold of you! Looking forward to following this post if you do post details of how you got to this point and the value of your 70 unit deal. Good Job Brandon!

  • Rental Property Investor · Member since 2018 · 5 posts · 4 votes
    7y

    OMG that is amazing!!  Congratulations!  100 units is my goal as well, but I'm just starting out.  You are an inspiration.  Thanks!

  • Rental Property Investor · Oregon City, OR · Member since 2017 · 35 posts · 5 votes
    7y

    Great Job Brandon Penn!!  Thanks for posting this and congratulations on hitting your goal!  100 units is amazing 

  • Rental Property Investor · Rensselaer, IN · Member since 2014 · 30 posts · 8 votes
    7y

    Congrats!!!

  • Real Estate Agent · Santa Rosa, CA · Member since 2018 · 84 posts · 105 votes
    7y

    Congratulations @Brandon Penn, thank you for showing us that the most important thing is to just START!

  • Minneapolis, MN · Member since 2019 · 30 posts · 17 votes
    7y

    @Brandon Penn

    Wow you accomplished your goal about 7 months early. What's the target now? Thanks for sharing your story, it really shows that opportunity is everywhere.

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