Flipper/Rehabber · Corning, NY · Member since 2021 · 77 posts · 50 votes
Hi all! I'm just curious, what are you trying to accomplish? What will it look like when you have succeeded? What empire are you building? If you care to share! I thought it could be a good discussion. I'm curious how specific everyone's long term goals are!
“The greatest happiness is to vanquish your enemies, to chase them before you, to rob them of their wealth, to see those dear to them bathed in tears, to clasp to your bosom their wives and daughters.”
@Parker Brooks that's amazing. I definitely have the same goal. No W2. There is a difference between business and calling I believe. I know some of my calling is to encourage people to change their mindsets. Some people have no idea that they can change their life. They believe the lie that they are stuck or powerless. It's rewarding to show someone different. For me I'm learning who to spend the time on and who not to. That can be a difficult thing to learn. But if you spend too much time "ministering" to someone that doesn't actually want the change then you miss out on the willing people that, with guidance , would soar. I love your response!
In real estate the goal doesn't HAVE to be more real estate. For some it is just a means to be able to run a restaurant or make music. Whatever your passion is. I personally love real estate. I also have other passions. I'm not 100% sure what I want. This is such a cool thread to see how everyone wants different things and as it was said its really about being happy and content with what you have!
I want to build something that can benefit my family for generations. I could give my son an apple or an apple tree. I intend on teaching my son how to live off what I create and eventually grow it himself. :)
@Jasmine Russell For me it’s to keep building businesses. Not ones I need to work-in. Eventually to sit on a beach and slow down I guess but I truly enjoy work and building. I’ll never be fully retired
@Shaina Stenersen Hey Shaina. I have a similar goal with my partner up here in Ohio! Excited to hear more on how your rentals go and good luck in a new state!
@Jasmine Russell I'm just getting started and looking to obtain multi family homes as long term rentals that will allow me to be financially free by 30 (7 years). I'm excited about all the options and possibilities to go in real estate after reaching that benchmark. Long term I want to be able to support my mom, grandpa and future wife and kids financially while also spending time adventuring with them and being there for the everyday parts of life.
Within 5 years - agent wise; establish a team in 4 cities, close 100M in volume. Investing wise; own 20 STR, have ownership in a 50-100 unit apartment, BRRR 5 deals. Personal; get married, purchase dream home, travel to Europe, visit an island, donate money/time to the church, compete internationally in Powerlifting
Woo hoo. I'm getting there. Income from properties and small company so i don' t need to really work after next year. Others will do the work for me. Took a while but so well worth it.
Add to our monthly cashflow to 100k/mo, its more of a mid term goal....keep on enjoying/contributing things we believe in and travel more. Enjoy the kiddos while they grow up giving them the very best tools to succeed.
End game for a lot of my peers are 5-10M net worth. At that point you get go back to marketable securities (retail garbage) and live pretty comfortably flying first class.
For me its transitioning to stabilized lighter value add apartments as a LP (letting the young proven operators work for me) and NNN, and non correlated investments like infinite banking, life settlements, and IULs.
My end goal was 10 properties that would cash flow me 12k/month when I’m retired in 14 years. I’m somehow at 12 now. Lol. And my wife keeps reminding me that I was supposed to stop at 10. This started as a fun little hobby to diversify our portfolio a little, but I’m having too much fun with it.
I’ve worked a W2 job in tech sales for the best part of 18 years. At one point I was doing 100,000 miles a year in a plane domestically in the US only … I realized that when the cabin crew knew my name and my food orders on the plane, it was time to make a change. This was even going on when my wife was pregnant.
I decided no more and have begun my journey into this world to chase passive income as quickly as I can.