More Deals than Money Problem!

[Jordan Santiago]

Hi BP,

I havent been on here in a long time. Just wanted to say I owe a lot of my success to the BP community and all the contributors. 

Quick background on me now, I am now 24 years old. I own a multiple 6 figure, soon to be 7 figure wholesaling operation. I currently own 5 rental units with another 25 under contract to buy and hold. The smallest property is a duplex, and the largest property is an 8 family. I have become obsessed with buying all of the good multifamily rental property leads my wholesale business brings in because I know that is the true way to accumulate wealth.

So obviously I want to keep buying these properties, and I want to go into larger territory (25+ Units). As I am sure other people can relate to, we dont have all of the money to keep buying these properties. 

I have read into and loved the idea of syndication since I was 21. For one of our 5 unit properties we raised 100k and returned it to them successfully via refinance. I would like to get more of a track record before I go down that road, but believe I can do it soon. I know there is:

-Raising Private Money (which we have done for flips)

-Syndication

-Going public as a REIT (down the road)

... and more. What would you be your advice to a 24 year old who wants to own 100 units by the end of 2022, and a billion dollars of real estate within the next 25 years? 

Thank you. 

[Evan Polaski]

@Jordan Santiago my initial advice is to change your goals.  Not because they are bad goals, per se, but they are growth oriented, not good deal oriented.  I have seen many investors that focus on getting more doors and start making bad investment decisions.

Now advice on how to achieve those growth targets is to make sure you are performing for your investors with every decision you make.  Even if the only investor is you, if you focus on returns first and pursuing the options with the highest returns, and execute well on those, the money will come.