What Are Your 2021 Goals?

Question

What is everyone planning for 2021? How you looking to improve yourself and your business?

My real estate related goals are to

-Be the lead sponsor for 2-3 syndications

-Raise at least $2M in capital for other sponsors and their deals

-Launch a podcast with at least 40 episodes by year end

-Have equity in at least 500 doors by year end

List your goals below and let me know if I we can help each other!

Bryan Mitchell · Answer

1. Increase CF for all existing properties by 10%2. Purchase/add four new units at $250 p/unit/door.

3. RE license (take 6 mandatory classes and pass test)

Brian Garrett · Answer

Acquire, reposition and stabilize a commercial value-add multifamily deal as direct principal buyer.

Bryan Mitchell · Answer

Justin, increased rents to about 10%. Starting my RE classes in March 2022 in conjunction with my internship. Still working on acquiring 4 new units. MTF! Thanks for checking in.

Harry Nima Zegarra · Answer

Hello @Justin G.

I am initially a buy a hold investor in SHFs/small multifamily, this year though planning to jump into multifamily... I've heard from before: you usually overestimate what you can do in one year and underestimate what you ca do in 10 years... for my SHFs I have plans and fortunately have a team and feeling comfortable there (although I don't want to be comfortable, I want to get out of the comfort zone), but specifically for Multifamily:

- Read/listen as much and many podcasts, books as possible.

- Attend at least 3 meetups per month.

- Network and meet 1 new person per week who is also in this business.

- In 2-3 months start meeting brokers and lenders and network.

- Before the end of the year invest passively in 1 deal, but also become sponsor in my first >80 doors deal.

... I don't want to quit my job completely, but in 3-5 years I want to work when I want and the hours I want, I know I can do it.

Adam Lacey · Answer

Hey Justin, thanks for reaching out. A lot has changed since that post. I decided to pivot completely from the wholesale idea as it just wasn't a great fit for me. I still have a W2, but left my engineering design gig and am now doing Project Management and Construction Management for a few local developers. I'm not planning to stay in a W2 for a long time, but for now it's been an enjoyable transition that's allowing me to learn a lot about land development while I grow my RE portfolio on the side.

As you know, I'm still moving forward with my syndication business on the side and hoping to scale that quickly.

Take care.

Maksu Ize · Answer

Everyone here balling hard

Meanwhile im just trying to pay off my heloc, so i can go for property #3

Justin Goodin · Answer

I know you are working towards being a GP in 3 syndications. Were you able to exit your W2 yet?

Justin Goodin · Answer

How are these goals coming along Bryan?

Justin Goodin · Answer

How are these coming along? These were excellent 2021 goals you had. Have you finished any books? Attended any meetups? Made any passive investments?

Adam Lacey · Answer

@Justin G.

1. GP in 3 syndications

2. Wholesale 1 MF property per month

3. Exit W2

What Are Your 2021 Goals?

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