All Forum Posts by: David Lund

Quote from @David Lund:

Quote from @Brad Hunton:

After a crazy (for me) year of starting a new job and buying 12 rentals, I plan to buy four more good cash flowing properties which will get me to 20 total. Probably one a quarter. I also plan to convert 4 of my nicer LTR's to MTR's and start to enjoy the fruits of my labor. It has been seven years of continually reinvesting any money made.

 Hey Brad! I was wondering what your magic number is for a good cash flowing property? Thanks!

It is different depending on how much cash I put in but my SFR cash flow is between $250-$990 per property. Going to try and get around $400-$500 (20%-30% CoC)for the new ones. I already make more in rentals than my W2 so probably going to use some proceeds to deleverage and get in a really good position going forward. 

After a crazy (for me) year of starting a new job and buying 12 rentals, I plan to buy four more good cash flowing properties which will get me to 20 total. Probably one a quarter. I also plan to convert 4 of my nicer LTR's to MTR's and start to enjoy the fruits of my labor. It has been seven years of continually reinvesting any money made.

Quote from @David Lund:

Quote from @Jenine Maggio:

2023 Goals - Purchase 2-3 multi family properties and build my portfolio!

 Great goal! Are you having any issues finding properties to cash flow in the current market?

 I'm analyzing deals every day just to practice analyzing and finding cash flow in my area looks promising. Now Im analyzing off of Zillow listings (again for practice) so when I have my realtor start looking for deals I predict some decent cash flow for sure. Not as great as I saw 2 years ago when I got my first property, but still good enough to make this all worth it. 

I would like to just learn more about real estate in general and decide what is the best way to get started (wholesale, airbnb, fix and flip)

Been awhile since I have posted on these forums but I am excited for 2023 and this is a great thread to jump back in to the conversations.  I do believe it is important to write down goals as you will be more likely to achieve when there is something representing that accountability.

My 2023 goal is to successfully complete my first outside investment capital raise.  My real estate investment company has been growing organically over the last ten years and now I would like to finally be able to put some money to work for friends and family.

It starts with making sure the company structure is setup correctly.  Today, my business partner and I will be meeting with another attorney to get feedback and timelines of what we need in place.  I suspect the hardest part of all of this will be actually finding a good deal once all the groundwork is done.

I look forward to checking back in on this post at the end of 2023!

Quote from @David Lund:

Quote from @Adrian Smude:

I like the goals.  

I will finish my 2023 goals at the end of December when I go on a mini retreat in the woods to reflect.  But they will be along the lines of...
Investment business:  purchasing 4 more mobile homes with the land as rentals, super dial in our systems to utilize every team member in their unique genius zone, and consolidate some debt.

Education:  Create 1 new class, (most likely on the topic of private money), double my book sales, speak at 40 live events, and be a guest on 50 podcasts.

 I love the outreach goals as well as the real estate goals. It's a goal of mine before I die to write a book! What's the topic of your book? (If you're allowed to share on here. I'm unsure of the self promo rules.)

Thanks man! My book is a story of my journey while teaching how to buy mobile homes. I got fancy with the title and called it HOW TO BUY MOBILE HOMES lol Writing a book was always on my crazy goal list because I was not the brightest kid in school and I like to do what people don't think I'd ever do. I didn't realize how much I'd love the process and the outcome of my book. It's helped so many people and inspired people in and out of REI.
Write one one day.  About you, about what you're passionate about, and write it to help others like yourself.  :)

@David Lund

This is a great topic, 2021/2022 were incredible years of growth for us. I've been MIA on BP for a while and this is a great way for me to try to get back on here. Between 2021/2022 we went from 5 duplexes and a few SFR's to owning 6 apartment complexes and having 73 units total.

Goal 1) to close a contract we have on a 24-unit, bringing us to 97 units.

Goal 2) to get under contract and close on a few other smaller MFR's and push us over 150 units.

Goal 3) take more time off my digital devices and focus more on family time. This has been something that’s been haunting me and is the most important to me. I’ve already started this one.

My goal, close on my first 10+ unit MF and gain 25lbs.  Yep, not striking out this year!!!!  

My goals are to continue to learn about REI and to purchase my first property in 2023.

@David Lund That's what I did on my first purchase. It's now a renovated long term rental. If you buy it cheap it's a great idea. You'll live in a construction site for a few months but it's worth it when your young. I'd do it again if my wife would let me!