Today I closed on my 10th property
“What the mind can conceive and believe, and the heart desire, you can achieve.”
- Norman Vincent Peale
Today marks a monumental step in my real estate “side hustle”. After years of focus, dreaming, planning and execution; I’ve hit my first goal of 10 properties. The path was long and windy with setbacks and pitfalls but today I’ve reached my first milestone. Thanks to everyone along the way for the help and guidance, I couldn’t have done it without you. Here’s to a new year, a new decade and new goals down the road.
Huge thanks to the Bigger Pockets Podcast, @BiggerPockets .com, @Brandon Turner, @Joshua Dorkin and @David Greene for motivating and inspiring me to continue on my path. I couldn't have done it without you guys!
@Grant Bennett Hi Grant. Curious as to what type of commercial loans you offer. @jasonc congrats on 10 👍
@Jason C. Congrats!!!
@Jason Congrats.im sure be there in the future. Happy for you .hard work , paids off
@Jason C. Big congrats! Do you use a property manager?
@Jason C.
Congratulations! So do you have 10 doors or are there any multifamily’s in the mix?
Congratulations! Do you have any tips and tricks for the new investor? How did your first deal go?
@Rhett Stephen Lowe
Godspeed
Thanks everyone! The comments definitely motivate me to keep going.
@Amber Koontz looking to start in 2-4 unit small MF and see where it takes me. I'm comfy with SFH so I've just stayed there but can't imagine having 20 separate houses. Next 10 Small multi with an occasional SFH sprinkled in.
@Grant Bennett I’ve never thought of that but that would be great to have all of them on one loan. Message me with any ideas or tips. Thanks!
@Omari Dowling I’ve looked into PMs but currently self manage all properties. They’re pretty self sufficient but when i get one call, I seem to get them all at the same time.
@Adina McCollough all SFH at the moment. Small MF are on the horizon though.
@Jason C. You absolutely can! Good luck to you!
@Rhett Stephen Lowe it's funny how it started but I saved up 20% for my first house to avoid PMI, bought it and moved in. Yay! My first place! I started saving for my first rental and had some friends who wanted to move into mine so my second house became my primary again. I moved into my new place and they started renting my old house. From there I got the itch and started buying rentals over time. As far as tips/tricks, live well below your means to save. It'll be hard but I saved literally everything i earned for a solid year. My first house was 80k so I saved up 16k plus a lil reserves and the seller paid closing. Did most of the work on my own while I lived there. Google and YouTube were my helpers for sure. Eventually you gotta just take the leap and go for it.
@Jason C.
That is amazing! Congrats! Any advice for others trying to reach the same or similar goals?
@Jason C. I love hearing stories like this. Congratulations, celebrate, then go crush it some more!
@Brett Peters Thank you!
@Jasmine Rhodes Do your research and stick with it. Find something that you’re comfortable with and go for it. You can adjust or expand later. In the beginning multi family made me nervous but I’ve gotten so used to single family that now i think it’s time to adjust. Listen the the BP podcast! Haha
@Jason C.
Awesome! Thanks for the advice.
@Jason C. Congratulations!!
@Alyssea Sago Thank you!
Congrats
congrats! This is awesome
@Angelo Mart Thank you!
@David Greene Couldn’t have done it without you guys and the podcast, thank you!!
Congrats on reaching your goal! This motivates me more since I'm starting to invest in multi-family properties. I want to start off slow like how you did and want to know the ups and downs in Real Estate.
@Manuel Santiago Right! Do what feels comfortable and keep moving forward, it gets easier over time. Overcoming fear is the hardest part, what if I fail? What if it doesn't work out? Etc. MF is a bigger jump from SFH but returns and up scaling are greater. Good luck to you!