What is everyone's 2018 Goals?????

What is everyone's 2018 Goals?????

Real Estate Entrepreneur / Investor · Chicago, IL · Member since 2016 · 688 posts · 367 votes

The year is coming to a close pretty soon. But if anyone who has closed anything knows it takes about 30-45 days to close on real estate(if your lucky 15 lol) . So, later this month is the time to begin prepping(actually now lol). 

What is everyone's goal for 2018 for real estate and general business goals? For me mines are:

1. Flip more houses-(Begin a fix and flip for Jan starting the year off with one, do 7-10 next year)

2. Wholesale 75-80 properties-(My partner and I separated ourselves from most wholesalers by providing actual rehab and sold Comp numbers, so the goal now is to have the actual inventory in Chicago and Northwest Indiana to do these numbers, maybe the recession will hit next year. Not sure)

3. Buy 2-3 rentals as buy and holds- continue to build up the portfolio in the Midwest region

4. Market my businesses much more aggressive!!!!!!!(probably the most important)

5. Find more quality Rehab guys- (it never hurts to have 4-5 groups of  plumbers, roofers, basement guys, flooring guys, and electricians, they will be needed to work on multiple projects at once)

Everyone share your goals and how you can overcome them. 

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
8y

get through the building projects in process... flip the big subdivisions I have tied up to Lennar or Horton.

continue to shed debt. and FINALLY sell the last 3 rentals I have.. down from 350 LOL..

. continue to be the go to funder for my teams in the mid west allowing them to scale and become financially secure or whatever  financial secure means.

get going on the court house steps teams I have created in certain mid west markets. ( very exicited about this niche).

move to Vegas  end of this year get out of paying Oregon state income tax' which may no longer be a write off.

continue my health regime have lost 40 plus pounds since last June..

maybe play some golf this year..

and continue the international travel that we enjoy.. next up Israel next week and Thailand and Singapore in Feb..

See this reply in the discussion

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  • Tony WooldridgePro Member
    Rental Property Investor · Walla Walla, WA · Member since 2016 · 480 posts · 346 votes
    8y

    @Trent Nobles, it appears that you have taken a step in the right direction. All you have to continue to do is stay LASER focused and continue the grid no matter how hard or difficult it may seem to become.  Through failure comes eventually success.  So don't be afraid to not hit a home run every time because base hits consistently will win the game.  Best of luck and stay the course!! 

  • Tacoma, WA · Member since 2017 · 12 posts · 5 votes
    8y

    My real estate goals for 2018. 

    Really get my business as an agent in the Puget Sound area up and running. Exact number using the 10x formula would be at 80 transactions complete. 

    Clear any consumer debt I have and start saving for a fixer upper Duplex-4 Plex in the Tacoma area. 

    Clear 10k a month in passive cash flow!

  • San Francisco, CA · Member since 2016 · 10 posts · 3 votes
    8y

    Raise cash.

  • Puyallup, WA · Member since 2017 · 31 posts · 17 votes
    8y

    Officially launch our business and be flipping multiple properties a month by year's end...

  • Rental Property Investor · wyoming · Member since 2017 · 76 posts · 73 votes
    8y

    Move to the U.S and get a flip completed.

  • Investor · Katy, TX · Member since 2017 · 27 posts · 19 votes
    8y

    I only started in real estate investing this year (I co-own a digital marketing firm as my full-time though it doesn't require full time hours from me at this point). We acquired three rentals this year, but I'm trying like hell to have a fourth under contract before 2017 closes out (seller's market here at the moment sub 200K). 

    In 2018, I'll have my real estate license (take the test in nine days) so that will change things a bit for me (I'll never be the chick who haggles across a kitchen table from a homeowner for an off-market property - nothing against it and I will buy from those who do - it's just not in my comfort zone). 

    2018 goals:

    6 rental properties (7 if I can't get one more under contract before the end of this year)

    3 flips

    Get more private cash (would like to 3x what I have available to me now before the end of the year)

  • Gaithersburg, MD · Member since 2013 · 90 posts · 9 votes
    8y

    @Thomas S. Investment debt from the last rehab I did. 

  • Real Estate Entrepreneur / Investor · Chicago, IL · Member since 2016 · 688 posts · 367 votes
    8y

    These are all some great goals and baselines to hit for yourself. Does anyone have any business they do besides real estate? 

    There are also other jobs within real estate besides the usual realtor, general contractor, or lender. What about inspectors or appraisers? It’s some other less common jobs within real estate. 

    It’s so much to do within it. In general I’m a big fan of entrepreneurship, so the possibilities are exciting just thinking about them. 

  • Flipper/Rehabber · Auburn, WA · Member since 2016 · 63 posts · 27 votes
    8y

    My 2018 goals are to flip 2 properties and wholesale 10 properties to generate $100k+ in profits.

  • Investor · Victoria, MN · Member since 2016 · 93 posts · 31 votes
    8y
    1). Increase from 6 units to >15. 2). Have cash flow surpass 6k/month. 3). Buy my first student rental.
  • Investor · Indianapolis, IN · Member since 2014 · 2k+ posts · 601 votes
    8y

    @Elbert D.

    Great Question! We reached our goals for this year already so it is all about scaling up from there for us. Setting realistic measurable goals is a great practice.

    As a team, we want to wholesale 500 properties in 2018 and continue putting out life-changing content for free on our website.

    God Bless! 

  • Appraiser · Easton, CT · Member since 2015 · 94 posts · 98 votes
    8y

    1) Complete my first BRRRR (and second, third, fourth BRRRR)

    2) Add at least 10 units to my portfolio.

    3) Increase my monthly cash flow by at least $4000/month.

  • Tampa, FL · Member since 2017 · 4 posts · 2 votes
    8y
    Hi. My goal is to buy my first multifamily rental by the end of 2018. I’m active duty military getting ready to transition into civilian life after 20 yrs of service. I currently reside in Tampa Florida, so I would like to start my real estate “career” near here. Any advice will be greatly appreciated. Thank you!
  • Rental Property Investor · Salem, NH · Member since 2016 · 460 posts · 276 votes
    8y

    1. Refinance my home equity loan to pull out cash ASAP

    2. Convert both 1 BR/1 BA units in my building to 3 BR/1 BA units

    3. Look to sell property from step 1

    4. Move out of property from step 2

    5. Purchase another multi-family

    6. Renovate property from step 5 and rent out/house hack

    Looking forward to 2018 and hoping everyone is successful!

  • Real Estate Entrepreneur / Investor · Chicago, IL · Member since 2016 · 688 posts · 367 votes
    8y

    thanks for everyone’s input so far. It’s nice to read everyone’s personal goals in real estate and other business ventures. 

    @Brett Snodgrass how will you get the inventory to do 500 houses in one calendar year? Are you doing other states besides Indiana? 

  • Nicole A.Pro Member
    Rental Property Investor · Baltimore County Maryland and Tampa Florida · Member since 2013 · 2k+ posts · 2k+ votes
    8y

    Our 2018 goals are to ensure that my and my partner's trusts are properly funded with the help of our estate attorney. Continue saving money since there were a few big-ticket items this year. And purchase at least one property. 2019 we expect to purchase more again.

    Non-REI related goal is travel!! Got three bigger trips scheduled already:

    • Live-aboard cruise around the Bahamas (diving trip)
    • Dominican Republic to celebrate our friends' 20th anniversary and renewal vows
    • Honduras (diving trip)
  • Investor · Indianapolis, IN · Member since 2014 · 2k+ posts · 601 votes
    8y

    @Elbert D.

    We just stay local right around Indianapolis. We do a lot of marketing for buying properties on our own, and we also buy a lot of deals from other wholesalers. A lot of the wholesalers around here that are assigning contracts or double closing and are looking for buyers, we will buy from them and then sell them on our own as we are blessed to have the money to be able to do that at this time. We will also partner on a lot of deals with new wholesalers to help them along. We split the deals with them 50/50. I am including the partnered deals in the 500. God bless!

  • Parsippany, NJ · Member since 2016 · 64 posts · 49 votes
    8y

    1. Invest in something with @Jay Hinrichs

    @Jay Hinrichs

  • New to Real Estate · Ferndale, WA · Member since 2017 · 26 posts · 23 votes
    8y
    Get my real estate license and find at least one local REI mentor who will allow me to work for/with them to get me started. I’m active military so I’ll only be able to do it part-time, but long term my goal is to completely replace my military income with real estate income.
  • Rental Property Investor · Venetia, PA · Member since 2015 · 107 posts · 47 votes
    8y

    I consider Dec 1st my "anniversary" real estate investing, as that's when I got serious in 2016. So I'm coming up on my 1st year of investing. I bought a solid cashflowing duplex. I marketed, negotiated, and closed on a property that I've rehabbed. Made some mistakes, underestimated a bit, but I'll be able to make a few thousand on it and the experience was priceless.

    2018? Buy at least one solid cash-flowing duplex or larger. BRRRR three properties. Figure out how to wholesale and do at least one wholesale deal. Collect lessons learned, establish business processes and start to snowball this.

  • Dave Van HornPro Member
    Fund Manager · Wayne, PA · Member since 2009 · 1k+ posts · 1k+ votes
    8y

    Business Goals:

    - Form a Board of Directors for our company

    - Complete our corporate governance plan

    - Continue with "Scaling Up"/The Rockefeller Habits and EOS (highly recommend all business owners looking into this)

    Personal Goals:

    - Travel outside the U.S. with my family at least once a year

    - Continue to diversify into more asset classes

    - Connect with more people on BP of course!

  • Real Estate Entrepreneur / Investor · Chicago, IL · Member since 2016 · 688 posts · 367 votes
    8y

    we are about half way thru the month of December I hope everyone has started their plans for the New Year. 

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