Accountability for your 2022 investing goals

[Chris Baxter]

If you've listened to the BP Real Estate Podcast you know that 'taking action' and 'setting clear goals' are the most popular answers to the Famous Four question "What do you believe sets apart successful real estate investors from those who give up, fail, or never get started?"

An excellent analysis of all answers provided by podcast guests is summarized here, by the way: https://www.biggerpockets.com/...

For Canadian investors that are serious about achieving success in 2022, lets share our goals here and hold each other to account as the year progresses. I would be happy to host a monthly virtual meeting where we can support each other in achieving success.   To get the ball rolling, here is my goal for 2022:

December 31,2022 I now own at least 50 multifamily units and have invested in at least one new asset class

What's yours?

[Jordan Perry]

Great idea @Chris Baxter. Accountability and motivation are so important in this industry to keep on track. 

First and foremost, My second child will be born in March, so I am going to try to spend more time with family this year. 

As for real estate, I currently hold 3 titles: Mortgage broker, Real estate investor and now developer. I feel the need to mention all 3 because I have different goals with each one. 

Mortgage broker: 

I would like to try to help as many people as possible to achieve their real estate investing goals by working with Canadians that are looking to invest in Atlantic Canada. I have hired a full time team member to help me be a better broker to my clients and be more attentive. In 2022 I want to continue to grow my systems to give me more time to do the things that I like to do. Talk with other investors!

Real estate investor: 

My goal for 2022 is definitely to keep acquiring multi-family properties when I can, but after growing to my now 51 units, I am trying to be more conscious of my current portfolio and how to maximize its potential, but as well would like to implement better systems and processes to make it a lot less work than it currently is. I would be happy if I can grow to 75 units (24 more) in 2022. 

Developer:

2021 was very good to me. I partnered up with some amazing people to build 60 units in Nova Scotia with a federally funded affordable housing program over the next year and a half. I would like to continue to grow that partnership and look for more building opportunities, while learning about it will help me to be able to better help others who would like to get into the construction industry. 

If all else fails, I will be happy simply starting each day with gratitude and lots of time with family.