2022 Real Estate GOALS - blog

[Francisco Perez]

(I wanted to share my goals in this small blog, I know I can't be the only one going through this. Maybe I will start a blog on my progress this year! I know this community is very helpful and encouraging, thank you!)

As I keep reading books and educating myself, I get more and more obsessed with real estate! Last year, I got my first rental property and I've been stuck trying to figure out a more efficient way to keep going other than saving money like crazy! This year, my goal is to get a duplex, househack it and live for free/cheap. Problem is, how do I get enough capital to make this happen if I still have bills to pay.

After reading "Set for life" and the BRRRR method book, I set a goal for myself that I was going to do all it takes to live for free/cheap by getting this duplex. This would allow me to save that money I would be using for rent towards new investing opportunities, become debt free and to further expand my "financial runway".

I am now looking into wholesaling properties to get the down payment for the duplex. Instead of looking at it as "Oh I need to save 60K for this property" I am now looking at it as "I need to do X amount of deals to get it". This makes the problem seem more manageable and gives me a goal to pursue! I like the idea of solving problems, hopefully I can bring my knowledge into the market and bring some good deals for both the seller and the buyer.

 I use all my free time to educate myself in real estate (analyzing deals, reading books, listening to podcasts, watching youtube videos, etc), in fact another goal of mine is to read 52 books this year to further expand my knowledge!