Business goals for 2017 ... here are mine what are yours!

[Johnny Quilenderino]

Good morning BP,

So what are you goals for 2017-18?

In Jan while on deployment my initial set of goals for 2017 was to start our Rental  Business and make 12000 this year.

Fast forward to now:

Goals for the year:

Finish closing on two MFR that will bring 1500 a month in NOI. (May)

Sell our Boston home in a 1031 tax exchange (Sep) We were losing money on the rental.

Buy two MFR properties for 400k in Norfolk (Oct)

HELOC to pay off the two properties that we bought in May and Quit Claim Deed them to the business (Nov)

Business will possibly go from 200 dollars a month NOI to 3000 a month NOI in less than a year

Goals for 2018

Fix up one of the properties bought in May of 2017 (windows, siding, roof) (Feb 2018)

Refinance and buy another MFR residence (Jun 2018)

Move out of the Hampton Roads area for three years and let our properties grow.

Does this sound aggressive, am I fooling myself into a debt snowball that cannot be recovered? Just wondering, and wondering what everyone else has plans on executing!!!! I think this is going to be an exciting first year for my family business.

Cheers,

Johnny