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.

See this reply in the discussion

230 Replies

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  • Greenville, SC · Member since 2018 · 58 posts · 50 votes
    7y

    @Brandon Penn

    Congrats Man! Sounds like you're crushing it!

  • Member since 2018 · 15 posts · 5 votes
    7y

    @Brandon Penn Congratulations that is great and thanks for the reminder to set goals.

  • Rental Property Investor · New York, NY · Member since 2019 · 7 posts · 0 votes
    7y

    @Brandon Penn congratulation Definitely a huge accomplishment.

  • Lender · Columbus, OH · Member since 2019 · 114 posts · 61 votes
    7y

    Congrats!  The 100 mark is definitely a huge aspiration to me.  What was the hardest part of amassing a large portfolio?

  • Contractor · San Diego, CA · Member since 2018 · 55 posts · 17 votes
    7y

    @Brandon Penn

    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.

  • Lender · Buffalo, NY · Member since 2013 · 12 posts · 3 votes
    7y

    Congrats @Brandon Penn!  

  • Property Manager · High point, NC · Member since 2017 · 52 posts · 21 votes
    7y

    @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!

  • Rental Property Investor · Boston, MA · Member since 2017 · 25 posts · 17 votes
    7y

    @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.

  • Specialist · Beaverton, OR · Member since 2019 · 13 posts · 1 vote
    7y

    @Brandon Penn nice job that's so awesome!

  • Flipper/Rehabber · Houston, TX · Member since 2016 · 77 posts · 19 votes
    7y
    @Brandon Penn thanks for sharing this is inspiring to continue pushing towards getting going.
  • Nanaimo, British Columbia · Member since 2016 · 8 posts · 1 vote
    7y

    Congratulations! How fast you did it is really encouraging. 

  • Member since 2019 · 8 posts · 2 votes
    7y

    @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.

  • Kansas City, MO · Member since 2019 · 11 posts · 2 votes
    7y

    @Brandon Penn

  • Kansas City, MO · Member since 2019 · 11 posts · 2 votes
    7y

    @Brandon Penn congratulations

  • Staten Island, NY · Member since 2017 · 115 posts · 16 votes
    7y

    @Brandon Penn

    I wish I could like this post twice.

    I’m right behind ya! Well, about 115 units behind. Haha

  • Investor · Missouri City, TX · Member since 2015 · 70 posts · 19 votes
    7y

    Congrats man..  WIsh you all the best.. and more deals. 

  • Chicago, IL · Member since 2018 · 546 posts · 227 votes
    7y

    @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? 

  • Real Estate Investor · ESSEX COUNTY · Member since 2016 · 32 posts · 4 votes
    7y

    Brandon,

    Congrats and thanks for the words of inspiration. Keep pushing through yourself and keep the energy going.

  • Specialist · Pasadena, CA · Member since 2017 · 40 posts · 4 votes
    7y

    congratulations that's defiantly great motivation for people who are just starting out thank you for your post

  • Rental Property Investor · Columbus, OH · Member since 2015 · 344 posts · 258 votes
    7y

    @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

  • Wholesaler · FL · Member since 2018 · 180 posts · 53 votes
    7y

    amazing well done 

  • Washington, DC · Member since 2018 · 16 posts · 2 votes
    7y

    Awesome!!!! Congratulations... I wish you more success. You made my day. 

  • Scottsdale, AZ · Member since 2018 · 51 posts · 10 votes
    7y

    @Brandon Penn

    So GOOD! Thank you for sharing and awesome words of encouragement and wisdom. Congratulations!!!

  • Richard CoynePro Member
    Specialist · Maggie Valley and Charlotte, NC · Member since 2017 · 16 posts · 7 votes
    7y

    @Brandon Penn

    Awesome! Congratulations and well done!

  • San Diego, CA · Member since 2018 · 210 posts · 67 votes
    7y

    Hello Brandon,

    What an accomplishment you have achieved. Thank you for sharing this story, and giving the inspiring words. I hope you have the best of luck in your future endeavors. 

    Sincerely,

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