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All Forum Posts by: Joel Florek

Joel Florek has started 35 posts and replied 521 times.

Post: 22 Years Old with 20 Units in 10 Months!

Joel FlorekPosted
  • Rental Property Investor
  • Michigan City, IN
  • Posts 530
  • Votes 741
Originally posted by @Ron Woods:
Originally posted by @Matt Madar:

Awesome job Joel! You're more than likely in a better place than most of your peers!

 Lol a better place than some of us adults lol

 Give it a few years when things seem to running more smoothly. Time still has yet to tell if I simply picked up a big shovel to dig myself a grave faster... Never the less its about setting up our lives the way we want them to be set up. Its no race and no one is necessarily winning over others, that is as long as we are chasing our dreams. If someone is not chasing their dreams even if they have all the money and freedom in the world then I would argue they are loosing. Im trying to set myself up with a life where I can own my own boat and spend my summers on the great lakes sailing and getting others on the water for the different races. Hopefully in 3 years I can begin to life that that life part of the time at least! 

Post: 22 Years Old with 20 Units in 10 Months!

Joel FlorekPosted
  • Rental Property Investor
  • Michigan City, IN
  • Posts 530
  • Votes 741

@Juan Ayala Congrats on your deal especially while being so far away. Takes a lot of guts and trust in your system. I will definitely be challenged by my need to want to be involved  in the day to day activities especially leasing but I will need to learn as I grow. 

Post: 22 Years Old with 20 Units in 10 Months!

Joel FlorekPosted
  • Rental Property Investor
  • Michigan City, IN
  • Posts 530
  • Votes 741

@Kedian Jimenez Thanks for the kind words. Being young does seem to have its challenges, but I feel they are self imposed more then anything because we feel we are limited in our knowledge and ability. But with that being said we also look at the world with a bit of naivety that seems to be challenged as the years continue. Good luck and keep working towards your dreams my friend! 

Post: 22 Years Old with 20 Units in 10 Months!

Joel FlorekPosted
  • Rental Property Investor
  • Michigan City, IN
  • Posts 530
  • Votes 741

@Cole Swartz Shoot me those in a PM and I will make sure I get to them for you! 

Post: 22 Years Old with 20 Units in 10 Months!

Joel FlorekPosted
  • Rental Property Investor
  • Michigan City, IN
  • Posts 530
  • Votes 741

@William H. Never too late to get working on that! We are where we are today and all we can do is start working to get closer to where we want to be tomorrow. Best of luck! 

Post: 22 Years Old with 20 Units in 10 Months!

Joel FlorekPosted
  • Rental Property Investor
  • Michigan City, IN
  • Posts 530
  • Votes 741

@Amanda Cook Good luck and keep the eyes on the prize. I never thought the deal would go my way until the purchase agreement was in my hand. Even then I thought something would likely fall through prior to closing. But my skepticism proved wrong and the positivity prevailed. 

Post: 22 Years Old with 20 Units in 10 Months!

Joel FlorekPosted
  • Rental Property Investor
  • Michigan City, IN
  • Posts 530
  • Votes 741

@Claudia Hayek The bank knows that I dont need to pull any money from my business so the cash made will stay in the account. Its understood that I will be providing financial statements quarterly on my progress over the next year. Will be easy through my quickbooks and a great way to keep building that relationship with the bank. 

Post: 22 Years Old with 20 Units in 10 Months!

Joel FlorekPosted
  • Rental Property Investor
  • Michigan City, IN
  • Posts 530
  • Votes 741

@Ben Gammon @Joseph M. For the 4 unit I live in it so I am breaking even. But if I were out of it I would be at about $600 a month. For the 16 unit I expect to be at $1000 a month in my most conservative estimates and $2000 a month in the better scenarios for the next 3 years. After that I get a $500 a month raise and at 5 years I get another $500 a month raise.

Post: 22 Years Old with 20 Units in 10 Months!

Joel FlorekPosted
  • Rental Property Investor
  • Michigan City, IN
  • Posts 530
  • Votes 741

@James Daniel @Brandon Johnson @Jacquelyn Sarpong Thanks for the posts. Seeing the community provide support has been unbelievable! 

Post: 22 Years Old with 20 Units in 10 Months!

Joel FlorekPosted
  • Rental Property Investor
  • Michigan City, IN
  • Posts 530
  • Votes 741

@Victoria Kemezy I am happy to help however I can. It been an eye opening experience over the past year. I still have a long way to go to achieve my goals in real estate so I can start living the life that I am trying to achieve but I am making progress faster then I ever imagined. Have you read The Compound Effect? I have definitely seen the ideas from that book playing for me in my life. I am excited to keep working and see that process expand! PM me to chat more and I would be happy to get on a call some time if you wanted.