Goal Setting and Strategy

[Kory Quitter]

I recently turned 20 years old and am working on setting long term goals for my real estate career, as well as life. I was able to buy a single family home that I am house hacking. Listening to Gary Keller’s “Millionaire Real Estate Investor”, I have been inspired to set a goal to own $1+ million in real estate by the age of 25. Recent knowledge gained from @BrianMurray ‘s book “Crushing It In Apartments And Commercial Real Estate” has changed my perspective on what is possible, and where I should set my aims.

The SFH I currently own was bought for 88.5k and is cash flowing $200 a month, I still owe approx. 68k. My plan from this point is to buy a 3-4 unit property using FHA or other form of low down payment financing. Due to a recent job change, I will not be eligible until February 2020.

After house hacking the 3-4 unit for 3 years, I intend to pull out what equity I can, along with the cash savings from my W2 and cash flow from my SFH (which will increase to $500 a month after I move out) to buy a larger commercial property.

Any advice or input would be greatly appreciated!

Best,

Kory Quitter