What is everyone's "end game" goals?

Wholesaling
5yFollow

What is everyone's "end game" goals?

Jasmine Russell
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!

7Reply
273 views

Most Popular Reply

Jim K.
Handyman · Pittsburgh, PA · Member since 2018 · 5k+ posts · 13k+ votes
5y

Ah, the age-old question.

“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.”

Genghis Khan

23Reply
See this reply in the discussion

84 Replies

Jump to latestLatest
  • Joe S.Pro Member
    Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
    5y

    What’s the end game?

    I’ll be hoping to hear the words… Well done.

    1Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    5y
    Originally posted by @Eric Bilderback:

    @Steve Vaughan

    I like following you.  I quit my job and became a real estate agent and now I feel like I am busier than ever.  I feel like I am having a heck of a time getting off the hamster wheel.  For the lack of other things to do.  Its a good problem if there was know Corona I might just hit the road with the wife and kids its difficult to figure this out.

    Good luck to you and I look forward to following you in the future,

    Just commenting on your being an agent..  To me being an agent for all these decades .. its a lifestyle choice .. its not a job per se. mainly the more successful you become as an agent the busier you get.. there are so many perks to being a successful high producing agent FAR in excess of just the commission income.  I am sitting in a Condo in Waikiki on the 18th floor looking at the ocean.. Its owned by a client of mine that I sold an apartment to in 2004. We became business partners and good friends. Been using this condo now for geeze almost 20 years :)  these are perks you cant really measure. 

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    1Reply
  • Eric Bilderback
    Real Estate Agent · Sisters, OR · Member since 2014 · 1k+ posts · 1k+ votes
    5y

    @Jay Hinrichs

    That is a pretty good perk.  

    I have heard other people say this as well I didn't invent this line of thought but I don't really have a desire for anything materially I don't already have.  And I don't mean this as any offense to all the investors I love reading about on BP but having billion doors seems to me like you are likely to miss out on things that more important in life.  You accumulate all this crap and then you spend the rest of your life strateagerizing how to make sure you never lose any of it.  I am probably wrong it is a rainy Sunday in Oregon you know how that goes it can bring a guy down!  LOL

    If I was looking at the Ocean from the 18th floor in Waikai with a blended Mai Tia I'm sure I would singing a different tune,

    1Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    5y
    Originally posted by @Eric Bilderback:

    @Jay Hinrichs

    That is a pretty good perk.  

    I have heard other people say this as well I didn't invent this line of thought but I don't really have a desire for anything materially I don't already have.  And I don't mean this as any offense to all the investors I love reading about on BP but having billion doors seems to me like you are likely to miss out on things that more important in life.  You accumulate all this crap and then you spend the rest of your life strateagerizing how to make sure you never lose any of it.  I am probably wrong it is a rainy Sunday in Oregon you know how that goes it can bring a guy down!  LOL

    If I was looking at the Ocean from the 18th floor in Waikai with a blended Mai Tia I'm sure I would singing a different tune,

    well this is a pro landlord pro owning rentals website so of course that is what the focus is on and what Most that participate are looking to do.. however as Steve was alluding to . if you can scale up to solid Class B units that can be professionally managed it becomes very passive short of that your right lots of moving pieces which if you dig being a landlord is just fine.. But there are many different niche's to invest in with regard to RE that dont include SFR or MF rentals.

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    1Reply
  • Edward Dandrea
    Rental Property Investor · NY · Member since 2018 · 61 posts · 35 votes
    5y

    @Jasmine Russell

    At 43 I have 5 units I want 7 more by 50

    Then I'm gonna retire and read and fish.

    2Reply
  • Jasmine Russell
    OP
    Flipper/Rehabber · Corning, NY · Member since 2021 · 77 posts · 50 votes
    5y

    @Joe S. Absolutely #1 priority for me!😊

    1Reply
  • Account Closed
    Rental Property Investor · Mount Dora, FL · Member since 2017 · 33 posts · 35 votes
    5y

    I love this question and seeing what others have wrote thus far! My original goal was to build a portfolio big enough that I'd net $10k/month. I figured that would allow me to comfortably leave my 8-5 if I ever chose to.I quickly realized that I'm limiting myself by setting a number of $10k/month. I'm only 27 years old and believe I should be shooting for more like $50k/month. My strategy lately is to continue to buy, buy, buy cash flowing properties that are in areas where I see good appreciation and improvement as the years go by. I started in single family homes and moving forward shooting for 4+ unit stuff so that I can scale quicker. 

    0Reply
  • Lindsey Ceane
    Rental Property Investor · Member since 2020 · 10 posts · 18 votes
    5y

    @Jasmine Russell

    My end goal is to have enough passive income to be able to quit my W2 job and travel with my husband. I have had a set amount in my head, but it is harder than anticipated. I would like to get to $15,000 a month after expenses…. I used to have a set number of doors, but we forget, the door count really isn’t what is about.

    I like small multi-family's, however, I would like to get into STR and add that into my portfolio.

    0Reply
  • Ian K.
    Real Estate Investor · Denver, CO · Member since 2013 · 44 posts · 19 votes
    5y

    @Patrick M. Thanks for the thoughtful response. I agree that providing our kids with opportunities now will be more valuable than a stepped up basis on a bunch of properties in 30-50 years. I've got a handful of properties now but I don't think I need anymore and therefore am at the stage where I'm contemplating how to exit. It will likely be in 10 to 15 years but eventually it will happen. I need to find a way to compare the index funds route to the DST route side by side over 20 years or so. I was asking about DSTs because I wonder if you already figured that index funds might compare similarly over the long term to doing 4-5 1031s over 20 years within a DST. Or would a DST earn more but considering tradeoffs you still prefer the index funds? These are the questions I think about.

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free