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Updated 10 months ago on . Most recent reply
New to BP and willing to explore
Hello,
My name is Jimmy. I am from Voorhees, NJ. I already have one rental property that I own, but want my goal is to reach 40 doors in the next 20 years. Any random tips and suggestions highly appreciated.
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Stuart Udis
#3 Legal & Legislation Contributor
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#3 Legal & Legislation Contributor
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- Philadelphia
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Stuart Udis
#3 Legal & Legislation Contributor
Pro Member
#3 Legal & Legislation Contributor
- Attorney
- Philadelphia
@Jimmy Patel Welcome! Lots of good information available in these forums. My first tip is to reset your mindset. Do not set a goal of reaching a set number of units because there is absolutely zero correlation between the number of units you own and success. The objective is to build a profitable portfolio and when you begin chasing doors you ignore the fundamentals your underwriting should focus on and make bad investment decisions.