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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  • Rental Property Investor · Charlotte, NC · Member since 2019 · 9 posts · 5 votes
    7y

    @Brandon Penn congratulations!! It is really inspiring for people like me, who's just starting out on Real Estate investing journey. Thanks for sharing your success with the world!

  • Real Estate Broker · Chicago, IL · Member since 2016 · 52 posts · 25 votes
    7y

    Such an Inspiring story.  Believe me I know the road to the top does not come easy, and you learned alot of valuable lessons.  But the biggest is to take the first step. Thank you for sharing with us!

  • Member since 2017 · 1 post · 0 votes
    7y

    Congrats Man!!!!   I love when people do what they love and it works out even better than they expected!!!!

  • Real Estate Investor · Union, NJ · Member since 2016 · 30 posts · 6 votes
    7y

    @Brandon Penn

    Congrats! Way to execute on your plan!

    Julian

  • Philadelphia PA · Member since 2019 · 21 posts · 8 votes
    7y

    @Brandon Penn congratulations! That's awesome!

  • Flipper/Rehabber · Rancho Cucamonga, CA · Member since 2019 · 3 posts · 0 votes
    7y

    Wow, congratulations!

  • Andy BrohardPro Member
    Los Angeles, CA · Member since 2017 · 78 posts · 82 votes
    7y

    @Brandon Penn Congrats!! Really inspiring to see you pull it off. I'm on the same path for 100 units. (4 years left to get there!) 

  • Flipper/Rehabber · Rancho Cucamonga, CA · Member since 2019 · 3 posts · 0 votes
    7y

    Wow, congratulations!

    Any words of wisdom would be appreciated. 

  • Rental Property Investor · Batavia, IL · Member since 2019 · 35 posts · 15 votes
    7y

    Great post. I always say, "Everything works out in the end. So if things haven't worked out, it's not the end."

  • Rental Property Investor · San Diego, CA · Member since 2019 · 102 posts · 43 votes
    7y

    @Brandon Penn

    Congrats man! We have 9 right now hopefully be in contract at the end of this week for a 4 plex putting us at 13. The goal is to have 20 units in San Diego at the end of the year. We are currently looking to buy land and build 4-5 units since deals are very hard to come by.

  • Real Estate Agent · Hartford, CT · Member since 2018 · 41 posts · 15 votes
    7y

    Awesome work and thanks for the post.  Gives beginners like me more and more faith in the process and motivation to know it's all possible. 

  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y
    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!

    Congrats !!

    My key take aways 

      1.  you enjoy being a landlord  that is critical.. myself I  hate it.. :)

    2. a market that allows you to get velocity IE price points on the low end nationwide  this is a very critical aspect of scaling.

    3. I think  that what  have done while awesome I bet you would be successful at any business you put your mind to. Winners are Winners for a reason. 

    so again congrats and continued success.

  • Olathe, KS · Member since 2017 · 23 posts · 5 votes
    7y

    @Brandon Penn congratulations, man! Great motivation here!

  • Michael AjadiPro Member
    Investor · Columbus, OH · Member since 2017 · 2 posts · 0 votes
    7y

    Congratulations! I’d love to pick your brain.

  • Real Estate Consultant · Decatur, GA · Member since 2019 · 5 posts · 2 votes
    7y

    @Brandon Penn CONGRATULATIONS!

  • Rental Property Investor · Humble, TX · Member since 2019 · 1 post · 0 votes
    7y

    Congrats Brandon. This is very inspiring knowing that you did this without quitting your regular 9-5. My mentors first words now making so much sense right now...

  • Professional · Las Vegas, NV · Member since 2016 · 1 post · 0 votes
    7y

    I think that what you have accomplished in purchasing 100 units is the true definition of success. I'm starting out in the real estate investing field and would love to have success like you to keep me going and not to give up. Always looking to learn from the success of others.

  • Rental Property Investor · Martinsburg, WV · Member since 2017 · 111 posts · 81 votes
    7y

    @Brandon Penn dude that is awesome, I'm so happy for you. You probably don't realize it but your message is on point, accessible to many, and a huge inspiration.

    Congratulations!

  • Rental Property Investor · Member since 2019 · 52 posts · 15 votes
    7y

    Congrats Brandon! What's the next milestone?

  • Santa Ana, CA · Member since 2019 · 9 posts · 0 votes
    7y

    @Brandon Penn wow congratulations. This is amazing. Would you mind sharing what steps you took to get there?

  • Rental Property Investor · Birmingham, AL · Member since 2019 · 10 posts · 1 vote
    7y

    @Brandon Penn

    Congratulations on your journey!

  • GA · Member since 2018 · 38 posts · 19 votes
    7y

    Very inspiring and tremendous news. I am happy for all your success. Getting off of the sidelines and into the game is my issue. Hearing news like this pushes my harder to finally pull the trigger on a 1st deal of some sort. 

  • Real Estate Broker · Bakersfield, CA · Member since 2018 · 269 posts · 597 votes
    7y

    I've worked my way down to zero units these days and I've got to say, getting rid of that last one was rather satisfying!

  • Member since 2018 · 1 post · 0 votes
    7y

    @Brandon Penn great job. I'm on the same journey and what you wrote is very inspirational. Thank you for shating

  • Jason GottPro Member
    Danville, IN · Member since 2017 · 63 posts · 17 votes
    7y

    @Brandon Penn 

    Congrats Man!  That is truly awesome and the words of motivation is just what I was needing right now.  Thank you!  

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