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

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  • Rental Property Investor · Bradenton, FL · Member since 2018 · 73 posts · 61 votes
    7y

    Congratulations!!  I am starting a little later than most, but if I could match 100 properties in 3 years, that would go a long way towards early retirement!  Thank you for opening the possibilities!

  • Member since 2019 · 15 posts · 11 votes
    7y

    @Brandon Penn congratulations! Keeps me believing that it’s possible to achieve your dream with focus.

  • Rental Property Investor · Flint, MI · Member since 2019 · 5 posts · 0 votes
    7y

    Congratulations Brandon! Your success is inspiring. I'm looking forward to hearing more of your future accomplishments.

  • Johns Creek, GA · Member since 2018 · 11 posts · 3 votes
    7y

    @Brandon Penn, Congratulations - I too started out by renting out my residential home.  I'm quite a ways from 100, but am confident to join you one day.  Would love to hear more about the Erie market someday.  

  • Property Manager · Weston, FL · Member since 2018 · 9 posts · 0 votes
    7y

    @Brandon Penn amazing story, congratulations!!!

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

    @Brandon Penn Congratulations!!

  • Ashland City, TN · Member since 2018 · 12 posts · 2 votes
    7y

    Wow - that is just amazing - I am trying to purchase my first wholesale!

  • Kingston, NY · Member since 2017 · 252 posts · 138 votes
    7y

    @Brandon Penn

    That’s one of the few things I’ve learned about anything in life. It’s repeated ad nauseam in self help books. Even if you put in only 1% more, everyday, those little bits are cumulative.

    “Never give up...never surrender!!!”

  • Wakefield, MA · Member since 2017 · 12 posts · 2 votes
    7y

    @Brandon Penn Congrats!!! Next stop, 1000 doors.

  • Member since 2018 · 23 posts · 4 votes
    7y

    Congrats! Your story is inspiring to someone like me who is just starting out. I aspire to be there one day.

  • Tulsa, OK · Member since 2018 · 20 posts · 3 votes
    7y

    Congrats! 

  • Livermore, CA · Member since 2019 · 32 posts · 2 votes
    7y

    It is amazing and impressed!!

    Congrats!!, Brandon.

    Please, share your experience and I want to learn how to do that.

  • Real Estate Agent · New York, NY · Member since 2019 · 10 posts · 2 votes
    7y

    @Brandon Penn congratulations. Keep up the good work.

  • Rental Property Investor · Ontario, CA · Member since 2018 · 58 posts · 25 votes
    7y

    @Brandon Penn I love this! Thanks for all the encouragement and inspiration from this post. And congratulations on hit your goal. As a beginner RE investor its alway great to hear these stories. 

  • Investor · Louisville, KY · Member since 2019 · 12 posts · 6 votes
    7y

    @Brandon Penn congratulations dude!

  • Member since 2019 · 2 posts · 0 votes
    7y

    Congratulations way to go .

  • Member since 2019 · 2 posts · 0 votes
    7y

    Great !

  • Specialist · Philadelphia, PA · Member since 2017 · 9 posts · 3 votes
    7y

    @Brandon Penn thanks for sharing your humbling beginning with us! Stories such as these give way toward success in unimaginable ways! Keep it up sir!

  • Rental Property Investor · Houma, LA · Member since 2019 · 63 posts · 23 votes
    7y

    @Brandon Penn congratulations!! I’m hoping for 100 units in 3 years too!! So far 11 and I have doubts I will reach it but your story helps me to stay positive

  • Brooklyn, NY · Member since 2017 · 4 posts · 1 vote
    7y

    Congratulations, Brandon! Wishing you continued success in your journey. Reading your story gave me newfound strength and inspiration to continue pursuing the dream. 

    How were you able to finance the 70 unit deal by the way? Assuming a deal of that size required you to partner with other investors? 

  • Flipper/Rehabber · North Las Vegas, NV · Member since 2016 · 19 posts · 9 votes
    7y

    Congrats on your accomplishment

  • Member since 2019 · 6 posts · 0 votes
    7y

    @Brandon Penn, thanks a lot for posting this. Real estate investment has been something I wanted to do since I was leaving high school but never knew how to get into. I’m grateful for people like you and the folks at BP for creating an environment that isn’t dog eat dog. I appreciate the inspiration. You’ve just made another investment into the lives of newbies like me and I’m grateful. Also, congratulations! That is a huge accomplishment.

  • Investor · Fall River, MA · Member since 2019 · 53 posts · 26 votes
    7y

    @Brandon Penn Congrats man! That's one of my goals to eventually own some units. You're absolutely right about not giving up. All of our journeys are different. 

  • Rental Property Investor · Athens, GA · Member since 2016 · 49 posts · 13 votes
    7y

    @Thuy Twee Nguyen Check out the chooseFI community on Facebook & chooseFI.com I love Mr Money Mustache.

  • Nuremberg, Germany · Member since 2019 · 26 posts · 18 votes
    7y

    Wow, congrats @Brandon Penn! It's always nice to hear when someone is crushing it and reaches their goal!

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