Q1 2013 in the books - Share your progress!

[Glenn Espinosa]

It seems like yesterday we were celebrating the new year but with the start of April, Quarter 1 2013 just finished! Also, with tax season finishing up, its time for some good ole' spring cleaning. While you're at it, take out that long list of goals you set out to accomplish this year - yeah THOSE goals. Hope you're still making progress everyday.

How are you measuring up now that Q1 is complete? Do you need to kick it up a notch or are you on pace to meet your goals? Any surprises yet? I hope you've at least started!

Let us know and lets try to feed off of eachother!

As for me and my company - we are exceeding some goals while falling behind on others. It's definitely time to sit down, reorganize, and reenergize for the upcoming spring and summer session!

We have a goal of rehabbing 10 houses this year. We have one rehab coming to market this month and a second one following close behind. Our third acquisition this year will start rehab in May. Beyond those three we have no other prospects... It's definitely time to get back out there and put in offers if we wanna meet our goal.

Our other big goal this year was to raise $200k worth of private money and I'm happy to report that we're past 60% on this particular goal. Honestly, I thought this goal would be one of the hardest for us to accomplish this year but so far it's been going pretty well. What a surprise on our end.

That's it for me BP. How about you?

[Ned Carey]

I have been so busy I have not had the time to look at big picture stuff like goals.

But here are the results for the 1st quarter 2013

9 properties closed - sales
4 under contract waiting for settlement
3 properties acquired and being renovated or waiting to be rented.
10+ other properties taken via tax sale foreclosure.

Perhaps my proudest achievement, 43% return for my partners in 22 month period. This was on their investment on the tax sale properties we have closed on this year.

In addition I have looked at 1450 properties already for the 2013 Baltimore City Tax sale.

I am very happy with my results and it looks like othes have done very well too. - Ned