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Updated over 7 years ago,
New to Real Estate and wondering what people think - 2 yr plan
Hello,
My name is Josh Netz and I am new to real estate (Lancaster, PA). I'm not exactly sure what the end goal is per deal, but I'm hoping to find great deals then wholesale the house, fix-n-flip, and buy-n-hold few for passive income. Have been listening to a lot of people talk about real estate investing and what I've heard a bunch is starting with the end in mind and having a plan. I know I typically overestimate new ideas and am a little overoptimistic, so, here's my plan/road map and I was wondering if ya'll could let me know what you think.
2017 - the remainder of the year, I want to learn "how to find great deals"
- successfully complete 3 deals
2018 - do 12 deals
2019 - do 24 deals
5yr goal - 4k per month in passive income through rental properties
If anyone has any constructive feedback for that would be great, if not, then it's full steam ahead for me.
Much appreciated,
Josh Netz