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Updated about 9 years ago on . Most recent reply
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2016 is almost here! What are your REI goals for next year?
2016 is almost here!
So my question to all of you is, did you meet your 2015 goals and what are your 2016 goals?
I personally did not reach my goal of 1 rental this year for various reasons but I am setting the same goal for this upcoming year.
Thanks for your time!
Merry Christmas, Happy new year and good luck investing!
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I met my 2015 goal of getting started in wholesaling and doing my first deal.
In 2016, my goal is to do four wholesale deals a month, with an average profit per deal at $10,000.
Yes, $480,000 in one year. Big goals, big action, big results.
I'll achieve my goal through lead generation via bandit signs, classified ads, calling craigslist ads, PPC, driving for dollars & consistent direct mailings. I'm also investing more time on learning better sales and negotiation, to get more great deals under contract.
I'm getting in the habit of making every single day a networking opportunity while interacting with people out in public & I ALWAYS pick up the phone when it rings. This builds seller referrals and builds my buyer's list, enabling me to close more deals.
I'm opening myself up to virtual deals as well.
20% of net profit on every successful closing goes back into the business: polishing my branding (online and off), paying for systems set up, hiring and training VAs/team members, dropping larger mailings, education, etc.
Every morning I write my goal (4 deals a month at $10,000+ net profit each - $480,000+/yr) then I write a simple numbered action plan for that day. Tasks listed by priority.
.... If I hit even half of my goal, I'll still be in the top 1% of income earners in my state.
2016 will be life changing.