Update on me and my flips including a $500k + purchase

[Mark Ferguson]

Hey everyone, I have been busy this year and have not had a lot of time to post on here. I thought I would post a quick update on what I am doing. 

1. I am up to 16 rentals. I bought five more in 2015 and plan to buy 12 in 2016. We will see how that goes in the Colorado market. I am thinking of expanding to another state. I am thinking about doing a bulk refi on 8 of my current rentals. 

2. I have 11 flips going right now. I just bought a $500k + flip last week with an ARV of $840k, but it has some occupancy issues I have to deal with. We will see how that goes!

3. I hired a project manager for my flips and rental rehabs. It takes a load of my plate as far as dealing with contractors, but it added a babysitting job getting him up to speed on what I want. 

4. My blog is doing awesome and continues to grow.

5. I still have the Lambo and it has been awesome. I have owned it 18 months or so and it worth about 75% more than I bought it for. 

I have all my goals set for 2016 and I am looking forward to an awesome year.