Five Phases To Freedom And How I Plan To Give Back

[Zachary Clevenger]

Hello BP!

I have laid the foundation for my plan consisting of five phases and how I plan to give back. Please review it and critique!

As I said this is just the foundation of which the frame will be built, then the house. I know there will be adjustments and tweaking needed -this is just the alpha test mode....not even to beta testing yet!

@Louise A. @Barb Getty @Mihir Bhimaraju @Chris Wood and who ever else cares to evaluate!

Thanks for taking the time to read this as it is lengthy.

My end game..... 

Generational Wealth that my children's children can benefit from, and enough assets to set my daughters, and their potential families up for a good life.

How do I get there?
Well... Dream big and start small.

I have exhausted myself on podcast, read more in the past two months than the previous two years, networked, educated myself, and made moves to make the first step.

Phase One.
-Analyze 100 properties and hope to find one that fits my criteria. Make the leap of faith, offer, negotiate, and get the first deal DONE.
-Start building a team that is not good, but great.
-Seek sources of capital and financing
-Learn the ins and outs of property management, financials, dealing with people

Phase Two.
-Build upon my previous experience and acquire more units (multi family, and/or SFH)
-Reinvest my cash flow
-Build my assets
-Continue on the path of enlightenment (grow and develop)
-Begin to build my team that will eventually replace some (or all) roles I perform
-Enough cash flow to remove some stress of current W2 position

Phase Three.
-Aquire larger units in multi family (20+)
-Begin analyzing commercial assets
-Evaluate my portfolio and offload underperforming units and problem children
-Continue to find sources of capital, find partners
-Build or improve my current/future team and delegate, automate task/functions
-Cash flowing enough to begin/or change my career path

Phase Four.
-Locate and purchase a complex (100+ units)
-Continue to evaluate portfolio and eliminate problem children
-Remove myself from many roles, begin to "manage the managers"
-Continue to grow, develop, and network
-Remove myself from W2 work

Phase Five.
-Have a portfolio of 200+ units (multi family, commercial, SFH)
-Cash flowing enough to travel, enjoy my remaining time with family
-Systems in place to allow the "beast" to function without much attention.

***********************************Giving Back************************************
Assistance for Veterans 

-Housing, care, and adjusting/copping/Rehabs

Assistance for families with special needs children 

-Housing that meets specific needs, care, and equipment assistance
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