2023 Goals for MTR Investors ???

[Nicholas Davaul]

Hello EVERYONE in the MTR Forum.

I've been listening to various BP podcasts where the hosts talk about there 2022 goals, if they hit them or not, and what they have planned for 2023.     While it was really inspirational to hear their goals they have in their respective niches, I would like to query our MTR niche people.

What are your 2023 MTR goals??   What are you going to do to move the needle and get your first (like me) or next property?

I'll start.  At first glance the following are high level goals to be turned into S.M.A.R.T. goals when my wife and I have a weekend planning session: (B: Business), (P: Personal)

1. (B) Purchase and furnish 1-3 MTR's. (3 is stretch, but 100% of having 1)

2. (B) Partner with other investors to try Corporate Housing (Apartment) MTR Arbitrage

3. (B) Start up a local (Katy, Tx) BP Meetup group

4. (B) Set a goal of honing my deal analysis skill and offer submission -->  Get out of/Never get into analysis paralysis 

5. (B) Set a net worth goal, along with tracking it monthly 

6. (B) Attend BPCON 2023

7. (P) Plan our 20th Wedding Anniversary (2025) Greece Trip 

8. (P) Lose 8% Body Fat and 15lbs by Dec. 2023 --> Family Cruise and for personal fitness/health

There are just a few I thought of off the top of my head.   Some goals may change, fall off, or get added as the year goes on.  But I'd like to know your goals?  Also, What Goals SHOULD a "rookie" MTR investor have on their list?    Inquiring minds would like to know.

-Nick D. (@NickDavaul)

[Damon Aniton]

My goals are simple and straightforward.

ASSuming the builder finishes the house by the 1st week of January like they say. 

1)  Close on the 30th.

2) Furnish both units by the end of the week.

3) Enjoy them for Mardi Gras

4) Give the MTR strategy to June to see how well it plays out.

5) Reevaluate and adjust.

[Allen Duan]

My immediate next goal is to purchase a 2-4 unit multifamily househack in Los Angeles, which will provide my family with a better home to meet our needs as well as getting us started in our real estate investing. The other units will be set up as mid term rentals either right away or when long term tenants move out, leveraging my experience managing other owner's MTRs in Los Angeles. 

My next goal is to partner with investors to purchase a larger mulitfamily building in Los Angeles and manage it as a hybrid with long term and mid term rentals. This would allow us to enjoy the benefits of both long term and mid term tenants and diversify our risks.