Tell me your BIG Real Estate Goals for 2020!

255 Replies

@Katie Miller

I'm still new and have so much to learn, but when I first started out in REI (2018), my 3-year plan was:

YEAR 1: 3-5 rentals

YEAR 2: 5-10 rentals

YEAR 3: 20 rentals

I'm humbled to report that through unbelievable support from friends and mentors, after just year 1.5, I hit 23 for 2020 I'm really challenging myself to:

7-10 more rentals

$40K invested outside of rentals

4 flips

My goal for 2020 is to purchase and finish another BRRR investment property that is between 8-30 units. I just finished a 7 unit BRRR property within the last 6 months. I work a full time job currently and would love to invest in real estate full time by the end of 2020. Real estate is the best asset class and investment in the world hands down. I am biased because it is my passion/hobby/career. I honestly do not consider it work when I am doing anything to do with real estate investing and I am grateful for that.🙏🤑😃

Purchase 600+ units of multifamily value add and purchase $10+mm in commercial assets, both with a focus on cash flow. Grow my coaching business to over 15 clients and grow my podcast "Pillars of Wealth Creation" to over 20,000 monthly downloads. 

I'm currently working at a mortgage fund that provides hard money loans. The company is very small and I've developed a relationship with the CEO and the marketing director. They have been great mentors for me.

I'm so grateful for all of their help, I want to bring value to them and the company. I have been developing the skill of finding great deals. After I get my real estate license, I will try my best to bring them more deals, since the fund has a sister company that does commercial real estate. 

If I find a really good deal, the CEO kindly offered to be partners with me. So I want to find an amazing deal and partner up with him. Which will be my 1st real estate investment deal and will give me a great experience. 

I don't want to just take, take, and take, but strive to give back. 

My Biggest goal this year is to purchase my second property, and to also NET $5,000/month. Currently I net abouth half of that, househacking but I am looking for ways to get there creatively, before the end of this year.

BIG is speculative because we all have very diverse portfolios and niches within the real estate world. Personally my BIG goal is to triple my units this year. I keep reminding myself that its not "how will I be able to do this" but it's "I will do this". Let the games begin! 

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