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Updated about 8 years ago on . Most recent reply

User Stats

504
Posts
191
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Arpan Patel
  • Investor
  • Chicago, IL
191
Votes |
504
Posts

2015 to 2016 ramp up and Goals for 2017

Arpan Patel
  • Investor
  • Chicago, IL
Posted

Hey all,

Just wanted to share some of the accumulated good news of 2016. In 2015 we had just sold one house (July) but by the end of 2016 we had sold 6 and have another 6 currently on the books with one of them under contract while still in construction and we are launching a new market and new rental model where we are buying 5 properties a month to do the BRRRR strategy. We also picked up two people for the office; one as an onsite project management and another in a logistics and operations role. Also in that time, I left my job of three years, got a office, got a second office 3 months later, and are looking to take on three more people by the end of first quarter this year. We have also been able to raise more private money then I ever thought possible at the onset of the year and have increased our partnerships with our hard money lenders by over 26 fold. It been a good year but as we look forward, we'd like to double the amount of houses we sell and - as you can tell - really dig in on the rental model this year. How are you guys trying to scale your businesses for 2017?

Wish us luck!!

-AP

Most Popular Reply

User Stats

773
Posts
225
Votes
John Mathewson
  • Developer
  • Hobart, IN
225
Votes |
773
Posts
John Mathewson
  • Developer
  • Hobart, IN
Replied

That's awesome @Arpan Patel ! Congrats on the growth. Hoping you have an awesome year this year and accomplish even more. Would love to see if there is a way we can work together. 

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