2022 recap How was your year?

[Joseph Hammel]

With 2022 coming to a close I thought I would share the deals we bought this year. Focusing on rural counties has been paying off well. We bought 7 duplexes, (one is being converted from a SF), 9 SFH, and a church! Units added 29 if we get 6 in the church. Average sale price was 62k about 36k a door. Cash flow is great and we bought a lot of equity by getting some great deals. I also sold one SFH in my roth and made out better than I thought I would. In total we are at 121 units over 40 properties.If you asked me last year if I would be buying SFH and DP this year I would have said no. Again and again I remember not to make "limiting beliefs" for yourself. I do stick to my criteria for where I want a deal to be as far as cap rates or whatever rule you might use.I do have some reservations for taking on some bigger projects because of the mental capital (and actual capital) involved so I may pump the breaks on that this year but again there's a potential hang up. Solution could be finding a partner or employee with some construction management experience?On a personal note I was very excited to purchase some hunting and rec land. I harvested 3 deer already!A big shot out to all my workers involved in the daily work of maintaining and remodeling all these places. I literally could not do it with out you.Thanks to the realtors, bankers, insurance guys, CPA. Thanks to my tenants. Remember its a business and they are YOUR customer!Finally all the thanks to God who I give all the glory and credit. Stay humble and keep him in your heart and you will do well.Proverbs 22-4 Humility is the fear of the Lord; its wages are riches and honor and life.