New Year's Resolutions

[Matthew Cope]

Last year, my wife and I made a 2021 goal to buy our first multi-family property. We already owned two single-family properties that were both successful buy and hold rentals. We exceeded our small goal this year after purchasing a duplex and a 4-plex, using the same strategy that we used on the single-family rentals (purchasing properties that had room for sweat equity and increased rents). 

Next year, our goal is to be more involved in our local real estate community (Springfield, MO) by joining our local REI group and to get to know the local investors. We're also going to be more involved in the BiggerPocket's community. I've followed BiggerPockets for years, but never posted in the forum. I also need to stop dragging my feet and add a stinking photo to my profile!

Our other 2022 goal is to purchase a property with a partner. So far, we've added eight units to our portfolio on our own, but there seems to be so much potential with partners. I read a ton of the books that are recommended in the Podcasts, but I want to surround myself with other investors that I can learn from and continue growing. Something I've learned over the past year is that there are a ton of people that have money and want to invest in real estate, but don't know where to start. That's just from my small group of friends and co-workers that I see on a daily basis. I can't wait to see what 2022 brings.