Hey!! I'm an Investor, an Agent, a High Performance Coach & Psychologist. This year, my husband and I have huge goals to explode our real estate work (investing and traditional buy/sell). We have a real estate team with eXp in Wyoming which has been growing for a couple years. We are expanding our investments to acquire or flip over 24 units this year. We are currently working on 4 projects, which is 3 more than we've ever done at one time. We have millions in equity so we, for the first time, are leveraging that for some lines of credit so we can buy homes for "cash" and do the BRRRR strategy on them (with a few that we'll probably flip). I'd love to hear the financial and acquisition strategies for those of you that decided to seriously ramp up your investing pace!!

Originally posted by @Sheri Fluellen :

Hey!! I'm an Investor, an Agent, a High Performance Coach & Psychologist. This year, my husband and I have huge goals to explode our real estate work (investing and traditional buy/sell). We have a real estate team with eXp in Wyoming which has been growing for a couple years. We are expanding our investments to acquire or flip over 24 units this year. We are currently working on 4 projects, which is 3 more than we've ever done at one time. We have millions in equity so we, for the first time, are leveraging that for some lines of credit so we can buy homes for "cash" and do the BRRRR strategy on them (with a few that we'll probably flip). I'd love to hear the financial and acquisition strategies for those of you that decided to seriously ramp up your investing pace!!

This is exciting stuff! I've never purposefully attempted to explode my investing or even set goals, but I did make the decision in 2016 to put all my money into new investments and see how I could grow. I bought a hoarder house for $55,000 that year and slowly bought things as the opportunity presented itself. Today I am closing on my largest property yet. All told, I have 33 rentals and 150 storage units. By putting all my cash flow right back into new investments, it has really accelerated my growth.

Keep us updated on your progress!

Love hoarding!! 🤣🤣 Actually worked with a serious case as a Psychologist a few years back! We’ve reinvested all our profits as well. How do you like your storage units compared to houses? I hear they’re a good steady investment. With so many storages places around, do you find you have to advertise to keep your vacancy rates low? 

Originally posted by @Sheri Fluellen :

Hey!! I'm an Investor, an Agent, a High Performance Coach & Psychologist. This year, my husband and I have huge goals to explode our real estate work (investing and traditional buy/sell). We have a real estate team with eXp in Wyoming which has been growing for a couple years. We are expanding our investments to acquire or flip over 24 units this year. We are currently working on 4 projects, which is 3 more than we've ever done at one time. We have millions in equity so we, for the first time, are leveraging that for some lines of credit so we can buy homes for "cash" and do the BRRRR strategy on them (with a few that we'll probably flip). I'd love to hear the financial and acquisition

You are in the right place Sheri! 

@Sheri Fluellen welcome to BP.  Your story is very intriguing. (took a few tries to spell that right)  I have always plowed my profits back into my business, but my business exploding is more like little puffs of air every other year or two hehe.  I did try a life coach about 2 years ago and I really liked it.  it was only for 3 months, but the insights I gained were very beneficial.  I often wonder if I should try another form of coaching, but wonder where I would fit it in.  I admire those who go in big, which is one of the reasons I admire @Nathan G. .  He is killing it in Cody.  Lots of folks might say wow the market turned great and I am making money, but Nathan doubled down and won again by plowing the income back into real estate.

I know that you are obviously ramping up your investing if you are set on 24 new acquisitions, and I would not mind ramping up either, but the recent surge in sales has left me a little bewildered on how to grow more. The recent surge in local housing sales has left only 14 properties on the MLS in my town that are not already under contract. I simply cannot buy a cash flowing rental at this time. Is this a fad or a trend of investing in small towns?

I have kept my day job, but now my rentals are taking up a fair bit of time.  Maybe my next move forward is to grow my overhead operations to handle the rentals so I have more free time to really find a way to invest more.  If you have a new buying formula you want to share please do so.

Best regards

Originally posted by @Sheri Fluellen :

Love hoarding!! 🤣🤣 Actually worked with a serious case as a Psychologist a few years back! We’ve reinvested all our profits as well. How do you like your storage units compared to houses? I hear they’re a good steady investment. With so many storages places around, do you find you have to advertise to keep your vacancy rates low? 

I just bought the storage units Monday so I can't speak from experience. There are 150 units and only 40 of them are occupied!!! The property also has a small studio apartment, a 3bed/2bath home, and a 2bed/1bath home.  The studio is occupied, the 2bed will be rented Monday, and the 3bed is being cleaned out after a tenant left it full of stuff and stopped paying the Seller rent back in November! It's really mind-numbing that they let it get this bad.

Long story short, the property currently makes less than $3,000 a month but occupancy rates are 98-100% in Cody so I should be able to fill them quickly and nearly triple the monthly income. It will be a HUGE money maker. I would be hard-pressed to buy two single-family homes for the same price and they wouldn't even bring in $3,000 a month. Storage has no leaking toilets, no barking dogs, or any of the many other problems you experience with residential rentals. I anticipate my annual net income from this property will be as good as my other 30 investments!!!