@Chris Villines Start where you're comfortable - otherwise you may never start! And while you're taking action in your comfort zone, educate yourself on the stuff that scares you. At least that has been my approach!!
@Marie Baginski Our paths sound very similar - wishing you the best!
@Chuks Erinne Thank you! Sounds like you are headed in the right direction. Seller financing - yes! I always ask. Just had a seller of 2 quad's offer me seller financing yesterday - I didn't even ask. Now I just have to see if we can come to terms on price!!
@Paoola Sefair Thank you, and thanks for the tip on the Mel Robbins program! I'll check it out.
@Holly Williams Thank you, and congrats to you!!
@Alexandre Tude Wow, that's alot in a short time - would love to hear updates on your multifamily journey!
@Allyn W. Thank you, and I will certainly post updates periodically!
@Tony Ogden Thank you and wishing you continued success on your journey!
@John Murphy Wise man, starting with multi from the beginning!
@Leo Cochrane Glad I could help motivate you a little - wishing you the best as you forge ahead on your REI journey!
@Robin Jandreau Thank you!!!
@Tim Coffey Hi, Tim - wishing you the best. Just keep taking the next step, and before you know it you'll be miles from where started!!
@Joseph Beazley Thanks so much!
@Mike Bell Thank you! I got distracted for a while but I'm super focused now. I'm contacting brokers with multi-family listings (to establish relationships, not for listed deals) and plan to nurture those relationships long-term, sending out direct mail, about to start a cold calling campaign to multi-family owners, and networking with other investors as much as possible. It's hard to buy the next deal after a home run, for sure!!
@Carmen Noriega Ha, great advice!! Thank you :)
@Andy Li Thank you! When I started, I listened to podcasts endlessly and read as much as I could. I learned a ton that has served me well, and continue to learn and grow. Keep it up and soon you'll look back and realize how far you've come!
This sounds exciting. Can't wait to hear more
Awesome.. and good luck achieving your 2019 goals!!
This is my plan to walk your way 😎
@Julie Kern amazing to here and very inspirational thank you!!
@Grant Rothenburger Thank you!!
@Redgy Saint-Germain Thanks, and I will definitely post updates!
@John Fortes Thank you John - the why is what keeps me focused :)
@Steven Hu Thanks! 2 books that I recommend that I've read recently: Crushing It in Apartments and Commercial Real Estate by Brian Murray is good, but my favorite of the two is Multi-Family Millions by David Lindahl. Podcasts: Joe Fairless - Best Real Estate investing Advice Ever (see @Grant Rothenburger's comment above to link to the blog/show) and The Multi-Family Legacy Podcast with Corey Peterson. Outside of that, plug in to multi-family Facebook groups and the discussions on here. My mantra is "if they can do it, I can, it's just a matter of figuring out how" :) Hope this helps!
@Martin Pulrang Absolutely! I love being able to use this journey to bless and encourage others and want to be able to do that more and more. All the best to you and your wife!
@Jayman Petel Wow, sounds like you're on the cusp. My advice... make sure you have a big soft cushion. I recommend 6 months living expenses saved up. IMO, that frees your mind to focus once you do take the plunge and aren't worrying about how you're going to pay your rent/mortgage/utilities and feed your family in those first months. Just gives you mental space to operate. If you haven't done that, make that your first goal. Do you already have very good cash flow? Wasn't sure if that's what you meant, or that would be your goal, or that's what the new opportunity would provide? Anyway, I hope this helps a little - wishing you the best!
@Josh Belgard That's awesome! Would love to hear more about that journey!
@Daryl Williams Thank you, and best wishes for your transition to the SW!
@Will Jimenez Thanks a bunch - hoping you're able to achieve that goal in 2019!!
@James Bryant Thank you, and it sounds like you're doing well - would love to hear more!
@Courtney Warner Thank you ma'am, for the encouragement. Analysis paralysis is a very real, crippling mindset issue. Educate yourself enough to take the next step - whatever that looks like for you - then more education, more action, and so on. The One Thing by Gary Keller and The Compound Effect by Darren Hardy are both good reads - if you haven't already ready them - when you're dealing with overwhelm.
Thank you for sharing your story and its great to hear that you achieved good success after the transition (even if it was not really the direction you originally set). Sometimes it just takes some time for a clear picture to emerge.
I have just started my REI journey (1 month in) and find it both motivational and enlightening to hear stories of other successful peers.
Although I will initially be focusing on SFR for both fix-n-flip and buy-n-hold, i think the end game has to be multifamily as there just seems to be so many benefits over the SFR 'one at a time' method.
But for me its walk before run, and hopefully i'll be able to share a similar success story in the years ahead.
All the best of luck with the next phase of your journey.
Congrats @Julie Kern - sounds like a pretty solid plan, execution would be the key though! I gotta be honest, I'm totally rooting for you and looking forward to hearing from you once you've reached that milestone hopefully very soon! :)
Hey Julie, I am totally inspired by your leap of faith and wanted to congratulate you as well. I wish you all the best...
Right on! and thanks for your response.
Good luck out there
Great story @Julie Kern thats very inspiring. Thank You!
@Julie Kern great post, thanks for sharing.
@Julie Kern Thanks for sharing your story Julie! I currently LOVE SFH but I have the feeling in a few years I may want to move on to something bigger. Best of luck to you!
@Julie Kern Thank you for the inspiring post. I have been wanting to get into multi-family investing for a long time and i have to say it is time for me to change my mind set, get off my but, and just do it.
Thank again for the inspirational post.
Congrats! It was great to read about your journey!
Great story, it's not always easy to step back and re-evaluate / change and move forward, that ability is an asset... good luck getting to 50!
Great recap Julie, keep it up!
@Julie Kern congrats on pursuing this FT! My goal for this year is $6k/month in passive income. Whether that be 10 more units at $300/unit or 20 at $150/unit.
Very inspirational, hope all is going well!
Just came across this! congrats and great goals! Are you closer to it now than you were 1 month ago?
Thanks for sharing your results. It's inspirational and motivational. I battle a self-limiting mindset but am determined to buy my first property (duplex, FHA loan, live in half, rent half, refi after a year, etc.) by the end of 2019.
@Ian Middleton - Thank you. Wishing you all the best in your REI journey!
@Shahid Jamal - You are correct, execution is key. Goals are a great starting point, but it's the consistent daily actions in pursuing those goals that ensure success! I'll be posting a link here soon to another post where I plan to document my process and progress, both for my own accountability, hopefully to help others, and also to seek advice from others on anything I might be overlooking or missing.
@Shawn C. - I know what you mean! After I finally took a long hard look at where I am vs. where I want to be, I realized that if I don't get started now, I may look up in 10 years and be right where I am currently. Hope you can take that next step - whatever it looks like for you - in moving toward multi-family.
@Bo Kim Thank you, and that's a great goal. And like you, I'm actually more focused on a cash flow # and CoC return, but having a specific number of units that I'm targeting helps me stay focused. Wishing you the best in getting to your $6K/mo goal!
@Christopher Short Thank you!
@David Zheng Thanks! And see above - I'm going to start a new post/discussion on what I'm doing routinely and my progress. I'll link on this post once I do. But to answer your question: Yes, I am closer. I haven't gotten a deal under contract, but I've done the work that will ultimately get me there. More to come on that.
@Suzan Hampton I also battle the limiting mindset daily - books, podcasts and my faith are the things that help me remind myself it's not a matter of "Can I", but "How Can I?". Wish you all the best in taking the next step!
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