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!

334Reply
1,526 views

Most Popular Reply

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

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

See this reply in the discussion

230 Replies

Jump to latestLatest
  • Kevin McGuirePro Member
    CTO of BiggerPockets · Seattle, WA · Member since 2019 · 178 posts · 178 votes
    7y

    @Brandon Penn I celebrate your success and exceeding your goal! Cheers man!

  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    7y

    Congrats Brandon! Now onto 200...

  • Property Manager · Gurnee, IL · Member since 2012 · 94 posts · 43 votes
    7y

    Congratulations! That is incredible. 100 units is my goal as well :). It's awesome to hear when people achieve milestones like this and yes, the work required while building your portfolio and continuing to push through despite obstacles is no joke!

  • Columbus, OH · Member since 2019 · 3 posts · 6 votes
    7y

    Congratulations Brandon on a fantastic achievement. I'm just starting out in real estate investing with a goal of getting to 100 units by my 30th birthday (3.5 years).  I'd love to chat with you sometime and pick your brain about best practices and pitfalls you've seen.

  • Rental Property Investor · Corpus Christi, TX · Member since 2019 · 306 posts · 176 votes
    7y

    @Brandon Penn

    Congrats man!

    I'm curious how you went from SFH to all of these multifamily units as far as financing goes.

    Also, is your background in property management or another field?

  • Real Estate Broker · Boston, MA · Member since 2017 · 55 posts · 22 votes
    7y

    Congrats!!!! Power move !!!

  • Rental Property Investor · Long Beach, CA · Member since 2016 · 12 posts · 4 votes
    7y

    @Brandon PennGreat Job!!!! That’s so huge!

  • Rental Property Investor · Auburn, ME · Member since 2015 · 236 posts · 140 votes
    7y

    Grats! That’s an awesome milestone to hit!

  • Real Estate Broker · Glendora, CA · Member since 2017 · 51 posts · 14 votes
    7y

    @Brandon Penn Wow congratulations, thats great. I've had 22 units for some time now and have always wanted to build up to 100+ units. Your post has encouraged me to get off of my butt and add to my units. I'd like to hear more about how you built up to 118 units so quickly.

  • Real Estate Agent · Chattanooga, TN · Member since 2018 · 258 posts · 136 votes
    7y

    @Brandon Penn congratulations! I can’t wait to be where you are.

  • Rental Property Investor · Reno, NV · Member since 2016 · 12 posts · 5 votes
    7y

    @Brandon Penn huge congrats!

  • Rental Property Investor · Indiana...mostly · Member since 2019 · 468 posts · 245 votes
    7y

    Congrats!!!

  • Member since 2019 · 1 post · 0 votes
    7y

    @Brandon Penn

    Congratulations! I’m just starting out and your enthusiasm and earnest post is very inspiring. Thanks!

  • Rental Property Investor · Big Sandy, MT · Member since 2018 · 2 posts · 0 votes
    7y

    Congratulations! That’s very impressive and inspiring!

  • Minneapolis, MN · Member since 2019 · 11 posts · 3 votes
    7y

    Thanks for sharing its truly inspiring!

  • Rental Property Investor · Queens, NY · Member since 2018 · 54 posts · 10 votes
    7y

    @Brandon Penn congrats 🎉 

    I’m about to buy my first 2family house. Learn more about your skill and story 

  • Odessa Tx · Member since 2015 · 21 posts · 8 votes
    7y

    Congrats thats amazing 

  • Palatine, IL · Member since 2017 · 14 posts · 1 vote
    7y

    Congrats on hitting your goal!  

  • Rental Property Investor · Washougal, WA · Member since 2015 · 82 posts · 18 votes
    7y

    way to go brandon!

  • Ridgewood, NY · Member since 2015 · 17 posts · 5 votes
    7y

    @Brandon Penn. Wow Amazing!!! Congrats. My inspiration moving forward

  • George MevawalaBusiness Member
    Real Estate Agent · Scottsdale, AZ · Member since 2017 · 116 posts · 102 votes
    7y

    @Brandon Penn amazing! Congrats and wishing you continued success! 

  • Member since 2019 · 5 posts · 0 votes
    7y

    @Brandon Penny Thanks for sharing your story sir.Very inspiring to a beginner such as myself

  • Rental Property Investor · Maricopa, AZ (Maricopa) · Member since 2013 · 3 posts · 0 votes
    7y

    @Brandon Penn congrats on hitting your goal! I appreciate you sharing this post. I have yet to purchase my first rental but I’m working towards that goal everyday. Your post is an inspiration for me to keep pushing so thanks again!

  • Rental Property Investor · Lanham, MD · Member since 2018 · 13 posts · 2 votes
    7y

    @Brandon Penn Congratulations and thank you for sharing your amazing success.

  • Rental Property Investor · Louisville, KY · Member since 2016 · 25 posts · 15 votes
    7y

    @Brandon Penn

    Congratulations. That's encouraging to hear. Thank you for sharing.

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