Massive Goals for 2020!

[Joseph Cornwell]

I feel like I am walking into a confessional box, forgive me BP for I have sinned, it has been a year or so since I was active on the forums.. :) 

Anyway, I have been extremely busy for the past year with many aspects of life (investing, expanding businesses, family life, working), but one of my many goals for 2020 is to be more active on bigger pockets, where the majority of my investing journey and education began 5 years ago. For those of you I have not connected with, my name is Joe Cornwell and I am a real estate (buy/hold) investor in Cincinnati, Ohio. I am also a real estate agent, I own a construction company, and a soon to be "retired" police officer at the age of 29. Meaning, I will be leaving my full time career of the last 8 years to focus solely on my investing and businesses. I currently have 16 apartments over 4 properties, and I am under contract on two more properties, an additional 24 units. My goal is to have $5000/mo in passive rental income by year end, so I still have work to do. I will likely need another 20-30 units by year end to accomplish this after they are all renovated, rented, and stabilized. I am also working on doubling my construction business in terms of manpower as well as volume/profit. Lastly, I am in the process of getting my brokers license so I can perform property management services for my clients in addition to my own portfolio. As the title says, I have massive goals for 2020, but I am confident I will succeed in these endeavors. 

As for my background, I have been investing for 3 years now, but educating myself and saving cash to invest for almost 5 years. I have had my real estate license for almost 4 years, and up to this point I have used all of my additional income from my agent business and construction business to invest in multifamily real estate. As I shift from my law enforcement career, I will begin using some of my income sources to pay bills, travel, etc. 

I know I am now two weeks late on posting my goals for 2020 but I hope to connect with some new members of BP who might not have met me yet, and I am looking to add value to other investors in many ways this year! My first ask of anyone who takes the time to read this, what are your goals for 2020? What markets are you investing in? How is real estate changing your life or career goals? Is anyone else looking to make the leap into REI full time in 2020? I would love to chat, please comment or reach out, thank you for reading! :)

As always, I want to give thanks to some friends, mentors, and inspirations who have helped along this journey! @Joe Fairless @Brandon Turner @Joshua Dorkin @Scott Trench @Mindy Jensen 

Joe Cornwell

[Marcus Auerbach]

@Joseph Cornwell I have retired from my corporate director job in 2016 with more than enough passive income and went full time RE. What happened? With all that additional time on my hands I splurged and ventured into a whole list of additional projects: new construction, did remodeling jobs for high end clients, started coaching and got licensed and pretty soon worked as a full time agent - and all that on top of managing our portfolio, acquring additional properties which then had to be rehabed, rented and refinanced. And I wanted to get a brokers license. Sounds familiar? Buring the candle on both ends...

Goals for this year? Now I got it out of my system, cancel most activities on this list except of two, but double down and focus: #1 my brokerage business (grow my team, no point in brokers license with KW) and #2 keep growing our portfolio at current pace. 

Also firm on my schedule: take 4 major trips, one every 3 months - we just got back from 2 weeks Bora Bora, let me tell you: I did not miss Wisconsin and it was well worth the long flight :-)