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Updated almost 3 years ago,
I would like feedback on my investment goals
Hello all! I am a new investor in the Tampa, FL, area, and I'd like to get feedback on the goals I'm setting that will help me get started. I want to make sure my goals are realistic and achievable but challenge me.
I followed the BP methodology from their goal-setting blog. For context, I am in this for the long haul and am more focused on gaining experience than making a profit for my first few houses, so while making good passive income will be nice, my 2022 goal is more focused on experience.
Below is my Why, How (Lag Indicators), and What (Lead Indicators):
Why
I want to make $250 net income per month by the end of 2022 because I want to build my savings to feel secure
How
To do this, I want to purchase one 100K-200K turnkey or BRRRR investment in a 30-mile radius of Tampa that yields $250/month in cash flow after all expenses.
What
I plan to set up searches and network with local investors and the BP community to do this. I will also analyze homes within my peace range of 59-75% ARV and desired cash flow range.