Adam Scheetz

Greetings All, I'm relatively new in the Real Estate Investor game. I've bought, rented, and sold 1 property as of the time I'm writing this. I am in a phase right now where I am reading every book I can get my hands on, listening to every BP podcast I can, and essentially studying trade craft from smarter people to form a foundation of information. Mission Statement: I'm 30 years old and have been Active-Duty Military for the last 11 years. I'll retire from military service at 40 years old. At that time, I'd like to own a business that doesn't need me. A self-sustaining, functional, and community improving entity that allows me to not have a NEED to work. Meaning, I'll no longer be burdened by the need to work a salary job to provide for my family. I want to build long-term, passive income that allows me to provide for my family and those on my team. I love the idea of creating jobs for people and allowing them to earn a living. My goal is to create an enterprise that spans real estate and business able to support and grow my team and better my community. A journey of a thousand miles begins with a single step, I believe Real Estate investing is that step. Short Term (1-3 years) - Goal:  1. Begin to generate $500/month net passive income with Buy & Hold investing. -How to Get There: 1. Invest in Single-Family or Multi-Family (preferred) properties with a minimum of 10-12% ROI w/ no more than 20% Down-Payment and a target income of $150 per door @ 100% financing (used for conservative calculations). 2. Use personal bank loans, mortgage lenders, or private equity investors to finance deals. 3. Consider Flipping as a means to generate capital needed to acquire properties. Look for a minimum of $20,000 profit per flip. Partner with experienced House Flipper and if needed take less % in exchange for more deals and experience. Long Term Goals (10 -12 years) -Goal: 1. Have a sustained monthly passive cash flow of $5,000 through multiple Buy & Hold properties with an average ROI from each property of at least 10% of initial investment. 2. Consolidate investment capital into mostly Multi-Family units and Apartments. 3. Diversify portfolio with investment in Self-Storage facilities. (Ultimate Goal) Goals will change and adjust based on circumstance and perhaps it's wishful thinking, but I'd like to start with the end goal -both short and long term- already in mind and formulate the plan to get there. Let me know what you think or where I might improve by thinking to get to where I want to be.  Thanks, Adam Scheetz Reach me @ [email protected]