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Updated over 3 years ago, 04/11/2021
50 doors in 3 years, Help!
Hi BP,
I figured I would appeal to the collective intelligence of my fellow investors.
Over the last 2 years, I've built a small portfolio of single family houses, duplex, triplex, and 4plexes. We have done BRRRs, major rehabs, short term, and long term rentals.
After reading Vivid Vision (Great book! Highly recommend!), I have come to the conclusion that I would like to focus my energies on scaling our business.
I have set a goal for myself to reach 50 doors in 3 years. If the average cash flow per unit is $200, I will be financially free.
Although there are many avenues (ie Mobile Homes, Assisted Living, etc.), I want to narrow my focus towards the purchase of a 40 unit apartment building or a combination of two 20 unit apartment buildings.
The next step is to make a plan for the following:
1. Finding the deal
2. then, find the lending/financing (This can be a combo of commercial lending, line of credit, private lending etc)
BP, help me develop this plan and any input is much appreciated. We only have 30 days to organize a plan and 60 days to put the first offer!
Humbly,
Tri