Tell me your BIG Real Estate Goals for 2020!

255 Replies

@Katie Miller My main goals are to increase our portfolio by 4 units (SFH/MFH) and to actually spend time working on our systems. I want to grow our portfolio, but having solid systems and processes ironed out this year can help way more for the long term!

@Matthew Irish-Jones with the new rental laws that Cuomo passed last summer are you finding difficulty working with bad tenants? I originally was looking to acquire a few properties upstate around the Albany/Troy and Buffalo areas but with the pro-tenant nature of new york in general and the added 'rights' for tenants that recently passed I began to look elsewhere for cash flowing properties. 

@Katie Miller looking to expand my portfolio by a minimum of two properties this year out of state as NYC is now too expensive.

@Katie Miller I am wanting to invest in multi family properties. We currently have 3 single family investment properties that create some cash flow but my goal for this year is to gain $2000 in cash flow from a multi family investment. I just need to find one that works as finances are limited at this point.

Automating, I'm looking forward to automating our lead generation. So far we are getting 25-30 leads per month. Getting this organized is really going to help business.

Well, I'm into foreclosure properties in the Philippines, hoping to buy at least one property for this year as a start for Flip or Buy and Hold in my hometown and a 1 bedroom condo in the other city where rental is in demand for airbnb purposes. My BHAG for this year, virtual real estate investing in US. Do you think this is possible? 

1. Buy a 50+ unit apartment

2. Buy 50+ houses

3. Build a flipping/wholesaling side of our business to compliment the buy and hold operation

@Katie Miller

Started to learn what wholesaling was last year. It excited me, it is something I've been searching for. An industry I can help in by listening and solving problems for others in return I make a living. What I would love to happen this year for me is to just go out and challenge myself with the public & find a team I can network with. What I would like to get out of it is confidence in myself that I can make this into a lifestyle with financial freedom. Eventually able to teach others through my experiences.

P.S anyone willing to mentor and take on a challenge with a new fresh student please DM.

@Katie Miller I am looking to finish renovating a property and get it rented in 3months and close one more this year. My annual goal is not aggressive but I have been hitting that every year, one property a year and one property at a time.

One lesson learned from my current project is make sure all utilities are all turned on before closing lol. We bought a house from wholesaler but didn’t check on the gas line, we are having 3 mons or delay because of that.

Originally posted by @Garrett M. :

@Matthew Irish-Jones with the new rental laws that Cuomo passed last summer are you finding difficulty working with bad tenants? I originally was looking to acquire a few properties upstate around the Albany/Troy and Buffalo areas but with the pro-tenant nature of new york in general and the added 'rights' for tenants that recently passed I began to look elsewhere for cash flowing properties. 

@Katie Miller looking to expand my portfolio by a minimum of two properties this year out of state as NYC is now too expensive.

 It has prolonged the eviction process and added some cost.  We screen tenants properly, handle maintenance calls quickly, and treat out tenants well. It is not a fail safe program but, we deal with less evictions than you would think.  They are absolutely a line item that has to be accounted for though.  The higher cash on cash returns you chase in C neighborhoods, the higher the chances of evictions... generally speaking. 

We have a 10 year plan and we want to complete 15% of it in 2020.

  • This is the 10 year plan.
  1. 1. Our members will be fully funded on their earmarks. 
  2. 2. Our members will acquire 25,000 doors by December 31, 2029.
  3. 3. We will acquire 10,000 doors internally.
  4. 4. We will acquire 5,000 keys for hotels.
  5. 5. We will successfully fund and build our 2 Denver luxury high rises.
  6. 6. We will build 10 100+ story luxury high rises in various markets.
  7. 7. We will begin acquiring the land to build a mega resort and casino in Las Vegas with an opening date of January 1, 2030.
  8. 8. Raise, fund, acquire and build properties with AUM of over $10,000,000,000.00
  9. 9. Be the leader in financing the hemp and cannabis industry with our dedicated 2nd fund. 
  10. 10. Finance oil, gas, metals, minerals, health, technology, space and aviation with our 3rd fund.

@Anthony Bonaiuto Thank you for the note here, I did send you a connection request and a message.  You certainly haven't missed the boat on anything!  This is something new I have developed to fill in some gaps I have seen between ownership and property management and address preventive maintenance items that are overlooked by many owners and managers.

Talk to you soon!

Purchase 6 more doors in Columbus OH. Making my portfolio at 10 total units. 

Help 24 people Buy sell or invest in RE. 

Sell our first flip and make over 300% CoC returns... Should happen!

We are building out our one year plan on Jan 25th but here is what I have so far. 

1. $4M gross profit in my flipping and wholesale business (I think the team will want to go bigger on the 25th though...) 

2. Renovate and give away 2 fully flipped homes to combat wounded veterans or gold star families. 

3. Donate $250k to Operation Underground Railroad through our events and own company. Goal is $1M per year in 3 years.

4. Directly impact 10 other companies to hit 7 figures in profit per year. 

5. Motivate 1,000 or more REI entrepreneurs at our annual event this year to see their vision, find their why, and go do what they were called to do.

6. Lastly, but most importantly, unplug more, spend time with my family, further the relationship with my wife and God!

Have a great year everyone!  No better time than now to write down your goals and put them out there to the universe!

@Katie Miller

I'm a new investor, trying to learn the business and have at least 1-3 properties by the end of this year. My heart is in building generational wealth for my family and break the generational curse of financial illiteracy.

I'm also tired of working for other people; I want my time back to pursue my passion of coaching baseball full-time

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