How Are You Planning on Making 2015 a More Successful Year than Last?

BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes

I'll kick off the obligatory "what are you going to do better" post for 2015 . . . so, how are you planning on making this year a more successful one than last year?

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Joel OwensBusiness Member

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Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes

11y

I have set for myself 200 million in commercial real estate transactions and 5 million commission.

Buy 2 to 3 strip centers this year from mailing to property owners. I think 2015 will be a huge year for transactions. I want to snowball that into very large recurring cash flow for myself through hands off commercial investments.

Also looking at possibly doing a fund for retail for investors to buy into who do not want anything more than a monetary and return involvement.

My goals are really big but even if I get halfway there I will consider it a win. In martial arts we are not allowed to set goals that are too easy and we know we can reach. People avoid disappointment that way by being SAFE but they also LIMIT themselves by not seeing what is truly possibly to achieve.

It's not a fail to not do 5 million in commission and hit 2.5 then to set a goal for 1 million and hit that mark 100%.

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Paul Lanier
Renter · Easton, PA · Member since 2014 · 6 posts · 4 votes
11y
Well as I set and pounder this question, what comes to mine is. One I'm enrolling in a class this January to get my Realtors license. I believe this will be away to learn all I can on Real Estate. Two learn all I can Three learn all I can about this business Four buy a property! Just Do It !!!! The hardest thing is, to start. I'm determine to make it work starting in 2015!!!!
1 Reply
Melissa Reid
East Orange, NJ · Member since 2014 · 18 posts · 4 votes
11y
As a new comer on the scene of Real Estate Investing my plan is to learn as much as possible and get as knowledgeable as I can. By the end of 2015 I am hoping that I will have the knowledge to keep me focus and ready to buy my first piece of property
1 Reply
Patrick McGowen
Investor · Belgrade, MT · Member since 2013 · 135 posts · 32 votes
11y
Honestly I am a little depressed as I did my yearly planning. I burnt a lot of calories in 2014 and only closed one deal and it is a build-out and won't be cashflowing for several months. I didn't increase my cashflow at all. Did increase my net worth some, saved 15% earned income and all passive income and invested it all (in deal mentioned). My targets were too high and had a lot of rejected offers. Still I learned a lot. Next year is mostly about re-positioning and focusing efforts.
1. I plan to turn four-plex into condos
2. Clear up access issues on piece of vacant land then ... tbd
3. Make a solid run at syndication
the rest of my 2015 goals relate to health, family and fun
1 Reply
Robert Crawford
Involved In Real Estate · Santa Monica, CA · Member since 2014 · 37 posts · 12 votes
11y
I plan on building and strengthening relationships with a focus on my mission...
My Personal Mission Statement:
I will work hard to help and respect all things on Earth through honesty, confidence and joy.
1 Reply
Scott L.
Broomfield, CO · Member since 2012 · 47 posts · 43 votes
11y
Increase net worth by 400K and increase monthly cash flow by 3k.
1 Reply
Junior Salters
Rental Property Investor · Spartanburg, SC · Member since 2013 · 253 posts · 56 votes
11y
I plan on strengthening my network in my area while purchasing my first multifamily unit in December of 2015 with funds from wholesaling houses to local investors!
1 Reply
Bob Pakney
Investor · Sparks, NV · Member since 2014 · 13 posts · 2 votes
11y
Actually doing our first deal would be a good start. ? I'm not being flippant with that comment, the current Reno market is not friendly to new investors due to a shortage of homes and the difficulty in obtaining the funds to do deals with.
It'll happen, sooner rather than later would be nice.
0 Reply
John CasmonPro Member
Cincinnati, OH · Member since 2013 · 1k+ posts · 1k+ votes
11y
Primary goal is to focus on operating and growing our business so I can transition to RE full-time. In order to do this, I need to add multiple streams of revenue through RE and increase passive income to rival current salary.

The biggest step I am taking to achieve this is optimizing existing relationships and building new ones. Along with dedicating time each day to grow our real estate business.
1 Reply
Alvin Clark
Goose Creek, SC · Member since 2014 · 5 posts · 2 votes
11y
Taking the knowledge I`ve learned and put it into action. I stopped reading before analysis paralysis set in. On a serious note, just learning will not find or close a deal. The first seller I talked with was cussing, loud and gruff sounding. He was`nt mad its just how he is. Thank goodness too, cause I went completely off my mental script I had practiced. I just talked with him like a good ole boy. He sure made it easy to break the ice with on calling back a seller though. LOL
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Micki M.
Flipper/Rehabber · York, UK · Member since 2013 · 895 posts · 453 votes
11y
In 2015 I will
- double my income from last year
- use the advice and accountability of my mentors & colleagues to avoid shiny objects and stay focused on my goals and business plan
- start reintroducing "social" into my life and not be consumed by work (that includes taking real vacations)
- continue to grow my business(es) in ways that will allow me to step out of them but still be sustained by them so I can achieve my long-term lifestyle goals
- oh yeah, and kick some major ***!
1 Reply
Liam Goble
Rental Property Investor · State College, PA · Member since 2013 · 287 posts · 99 votes
11y
I would like to add another one to two properties to my portfolio to bring my total unit count to 10. With the additional units, I am aiming for $1,100/month cash flow.
2 Reply
Nathan Patterson
New to Real Estate · Castle Rock, CO · Member since 2014 · 172 posts · 66 votes
11y
I'm new to too all this so I plan on one, get better analyzing properties. Figuring out what I want exactly out of a rental and to who I want to market it too. Also, to follow though with that and purchase my first rental this year!
1 Reply
Anil Samuel
Investor · Baltimore, MD · Member since 2012 · 605 posts · 103 votes
11y
I would like to complete 10 flips, purchase 10 rentals, assist 10 investors in purchasing investment properties, increase my cash flow by $10000/month, increase my net worth by $250,000. Start my own marketing campaign so I can wholesale properties as needed. And if I'm really ambitious buy 1 commercial property by December 31, 2015.
1 Reply
Joan C.
Investor · San Jose, CA · Member since 2009 · 47 posts · 17 votes
11y
No plan, but just start taking actions.
1, participate in tax deed auction.
2, put idle funding to work, 1st deed lending.
3, read more RE and business books.
4, be more outgoing and start networking.
5, think positive and stay focus.
1 Reply
Micah Brown
Real Estate Investor · Charlotte, NC · Member since 2014 · 14 posts · 4 votes
11y
Continue to build momentum and makes more offers month after month. Continue to out hustle and out think the competition. Smile more this year than my past 28 combined. If I'm succeeding, I'm smiling.
1 Reply
Miguel Peral
Real Estate Investor · Member since 2015 · 6 posts · 1 vote
11y
Me and my company will start the project in Lagos - Algarve - Portugal, of developing a unique 45 villas condom, 500m away from the sea. It will be our major project til 2019! My resilience brought me here and will take me all the way long!
Hope 2015 to be growth year...
1 Reply
Sam Garner
Real Estate Agent · Dallas, TX · Member since 2014 · 26 posts · 5 votes
11y
My goals for 2015! -Graduate college getting my Masters -Secure a job in the DFW area in the RE field -Buy 1 investment property -Continue reading the forums and books everyday -Be happy!
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Robin Secord
Real Estate Agent · Union City, MI · Member since 2014 · 121 posts · 20 votes
11y
We have ordered our first batch of postcards & will be starting our first marketing campaign. Our goal is to complete our first wholesale deal by the end of June. We will let you know once it is complete:)
1 Reply
Wendell De Guzman
Investor · Chicago, IL · Member since 2013 · 2k+ posts · 1k+ votes
11y
I started planning back in October of 2014 for what we're going to do in 2015. Here they are:
- Increase our volume of houses acquired from 3 houses/mo to at least 6 houses/mo
- Get all of my staff to earn six figure wholesale profits
- Ramp up our private lending business to do low six figures in profit
- Launch a non-profit that will help 100 people in foreclosure get back on their feet financially so they can afford to save and keep their homes
- Start coaching more people how to become DILIGENT wholesalers (but do so in such a way that it will not consume too much of my time)
3 Reply
Margaret Collins
Renter · Marshall, MI · Member since 2015 · 1 post · 1 vote
11y
Well first of all I signed up for bigger pockets. I'm wanting to learn the many ways of funding my real estate projects.
1 Reply
Jeff Darr
Investor / Education · Moreno Valley, CA · Member since 2014 · 18 posts · 5 votes
11y
I plan on getting more involved with BP including listening to the podcasts daily and spending time in the forums daily. I also plan on finding a local REI group to join. My goal is to purchase at least two properties in 2015.
1 Reply
Danielle Shulman
Frankfort, IL · Member since 2014 · 17 posts · 8 votes
11y
I am going to utilize as much free advertising as I can for my company, whether it be via social media posts, blogs, etc. Our budget hasn't been released for 2015 but I found we wasted a good deal of $ on ads that did not turn into serious inquires. The more organic SEO we can get, the better our overall numbers will be and we won't have to utilize PPC ads.
2 Reply
Andre Martin
Ft. Washington, MD · Member since 2011 · 28 posts · 3 votes
11y
My plan is to not let fear guide my decision making. Most importantly to make a decision wether it be the right one or the wrong one. Any mistakes I make will be learning experiences that allow me to be a better investor.
1 Reply
Pat Parrillo
Realtor · Milwaukee, WI · Member since 2014 · 147 posts · 73 votes
11y
Excited for 2015. Got involved in learning about REI at the end of 2014.
I'm going to accomplish...
- Close my first deal
- Practice daily habits that will move my investing forward
- Write my goals down and review them
- Be more involved on BP Forum
Best wishes to the BP community on everyone's goals!
1 Reply
Account Closed
Accountant · Denver, CO · Member since 2012 · 154 posts · 61 votes
11y
This is cool I can't wait to check these out in December!
1. Live 2 months Abroad : ) Get Some Muay Thai Training and Beach Time in
2. Add 2,000/passive cash flow per month to my rental business.
3. Market more than I ever have 5,000 -15,000 mailers per month.
4. Make $500,000 Net This Year through Wholesale and Rehab deals in Austin and Houston.
5. Be happier than I have been any other year of my life!
Best of luck to all of you guys in 2015! Write your goals down somewhere and read them at least once a day when you wake up. If you can, read them in the morning and then before bed again, when I started doing that my investing completely changed. Happy 2015!
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