Originally posted by @Brandon Penn :
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!
That's awesome! I'm glad you posted about this milestone. I'm going to buy my first property this year and your success is great motivation for me to push forward.
Congrats! That's focused energy. How is the cash flow per door? Solid management systems?
Congratulations! Thank you for sharing your success. Very inspiring to read.
Congrats Man! Sounds like you're crushing it!
@Brandon Penn Congratulations that is great and thanks for the reminder to set goals.
@Brandon Penn congratulation Definitely a huge accomplishment.
Congrats! The 100 mark is definitely a huge aspiration to me. What was the hardest part of amassing a large portfolio?
Congratulations. I’m only at 5 doors, so 100 seems so far out of reach. I thought only syndicate partners only reach that triple digit numbers.
Congrats @Brandon Penn !
@Brandon Penn This is great motivation. 24 years old with 6 units after I sold 2 units off and loving it. This age group has a lot of distraction and friends that can kill your motivation, but this is a great help to spark the fuel to keep going. Congrats on this accomplishment!
@Brandon Penn something like this would fall under the category "MONEYYYYYY CHIEF". Thanks for sharing, these success stories keep some of us motivated through the toughest parts of the journey.
@Brandon Penn nice job that's so awesome!
Congratulations! How fast you did it is really encouraging.
@Brandon Penn Congratulations Brandon. That's awesome to hear. I am new to bigger Pockets and to real estate. I am trying to take in all I can to just make my first deal. Thank you for sharing your story and success. It's very inspiring. Have a great day.
@Brandon Penn congratulations
I wish I could like this post twice.
I’m right behind ya! Well, about 115 units behind. Haha
Congrats man.. WIsh you all the best.. and more deals.
@Brandon Penn Congratulations, Brandon! That is a major accomplishment and definitely, love to hear about fellow BiggerPockets members success (especially as someone who is new/just getting started out, I really do value this advice). Just a few questions for you— 118 units is a lot of units, so what strategies do you implement to make managing your rentals easier? Any tools you'd recommend? Persistence really does sound like it was the most fundamental part of this success, but what were some of the other important parts of your process as you first got started?
Congrats and thanks for the words of inspiration. Keep pushing through yourself and keep the energy going.
congratulations that's defiantly great motivation for people who are just starting out thank you for your post
@Brandon Penn that's phenomenal! Fantastic job, and keep it up! Definitely inspiring, as I'm sitting on 2 units right now. Time to up my game! haha
amazing well done
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing