Rental Property Investor · Norman, OK · Member since 2018 · 158 posts · 529 votes
Another chance to be featured in the next issue of BiggerPockets Wealth Magazine! In 50 words or less, let us know: What 2021 accomplishment are you most proud of? It can be real estate-related or anything else that you're proud of.
By responding here, you're allowing us to print your name and response, if chosen, in the next issue of the magazine. We're excited to hear what you have to say!
By end of 2021, I went from 1 primary residence to 8 units all funded with a HELOC. I house-hacked a three family in January 2021, purchased into a syndication in April 2021, and closed on the three family across the road off market. Only spent $30K out of pocket.
I have accomplished my personal goal of no longer working a w-2 job by 25 years old!
I was striving for this since I was 19 and it felt unreal until I turned 24, bought my 2nd house, house hacked it and lived mortgage free. I was laid off during the pandemic but it forced me into leaving my job at 24, right on target with my goal! My living expenses were taken care of by my tenants & I had money from my 1st house flip to reinvest into more investments! Life aligned perfectly! I found out I was pregnant the same month I was laid off, so the motivation was at 100%! I bought 2 more properties, (1 house & 1 land to built a student rental) with the funds I had, got my real estate license in DE & PA days before going into labor. My baby is now 4 months old and I've settled my first buyer and have my first seller in agreement! Luck is where preparation meets opportunity. COVID gave me the opportunity to put everything I was working towards into motion and it changed my life! I trust myself to achieve the goals I set and I'm so proud to say that!
In 2021, I successfully transitioned my SFR rental portfolio into larger multiple family properties. After making numerous LP syndication investments in 2020, I moved into the active syndication investments as a GP in 5 different properties totaling over 400 units. 3 other MF assets under contract now.
I changed my 9 to 5 job to a closer location only 15 minutes from home where as it used to be 35 minute drive. now Its a peaceful country drive and I work for better folks and I negotiated a 2 dollar pay raise earning 20 an hour! which I know isnt a lot compared to some of you guys on here but it is for me. Also my girlfriend and I are having a baby soon (a boy) and I cant wait! I also paid off my 2011 Toyota Tundra and am now looking to sell it and free up 15k cash to go purchase our first duplex someday!
Biggest accomplishment of 2021 was extracting myself and three other investors from a failed JV. It took a lot of creativity and brainstorming to come up with a possible solution. Then it took a ton of hard work with the help of accountants, appraisers, and lawyers to get it done.
All of the accomplishments i have read so far are all purchases or upgrades. Mine was learning a ton from a giant failure. There is a long story there, but you wanted 50 words so that is 50.
I quit teaching in summer 2019 and got my real estate license. In 2021 I bought my first two flips and have spent 2021 renovating them. One is listed and the other will list soon. At the same time, I have been developing my business as a real estate agent. It has been a very busy and very interesting year!
Growing in this inflated market has been tough. Great deals are hard to find and the ROI has been shrinking as prices rise. Although it took 5 months, I am proud to have negotiated a solid deal that provides a great return and meets the ever dissipating 1% rule!
This month I celebrated 10 years in the multifamily business. a big jump from seeing myself as a forloughed pilot without work, struggling to make ends meet and find a job. My wife was only making $35k per year and rent was $750, and me being without work, money, just didnt reach to cover all of the expenses. Times where tough then. I saw myself appling for a job sheetrocking homes for $10 per hour. Unfortunatelly, I was turned down because i didnt know how to sheetrock homes. To make matters worse, right after that, I went to the bank to withdraw money to buy a sandwich. ATM machine denied me........ I onlhy had 13 cents in my account! I felt low, very down... i said to myself: "Life sucks" - i went to our one bedroom apartment, kneel down and cried out to God looking at the ceiling saying .. "what do i do now!? - i immeditely heard inside of me a voice that said... Get into real estate!, i wiooed my tears, looking up and said, "real estate?" - and once again, inside of me i heard - Yes, real estate! so I did! fast forward.... nine years later, to the month of that incident. I ended up buying the apartments across the street from the apartment i lived in, 220 units for $14.5M. if you would have told me: John, in 9 yrs you are going to own those apartments across the street. i would have said- you're crazy. Well, I thank God each day for that experience. Today we are all over the Southeast, US and have grown the company to several thoudsand units via value add and groundup developments.
In 2021 my companies purchased 304 units of Senior Assisted living and have another 40 units under contract. We also sold a 2 property, 204 unit multifamily, purchased a 116 unit major value add multifamily and purchased an 84,000 sqft flex space. Lastly, I co-hosted the Northstar Real Estate Conference live in 2021!