All Forum Posts by: David Lund

 Get 400 more props for PM, flip 100 more properties, and buy more rentals

All the best to everyone 

 We're conservative investors and we like every piece of the pie. Cash-flow only happens in select neighborhoods and it's just hard to bounce around (confidently) to find deals. For that reason (so far) I've focused on distressed, value add, and forced appreciation deals. I'll tell you from experience once you remodel a few properties you gain MASSIVE AMOUNTS OF KNOWLEDGE> and this helps you find/buy/create the next opportunity. 

Each of our remodels have gone smoother and easier. We also help other investors because I recommend good contractors. Our roofing guy has done 3 roofs for us and got many other jobs just by word of mouth recommendation. An electrician we hired saved us time and money with helpful advice before we hired him. Now I'm going to recommend him to ALL my friends. If you want to capture more pieces of REI you need a small army of professionals and contractors to support you.

I'm setting a new goal for 2023. Connect with more contractors, hire them for a project, and recommend them to someone else. 

I like the goals.  

I will finish my 2023 goals at the end of December when I go on a mini retreat in the woods to reflect.  But they will be along the lines of...
Investment business:  purchasing 4 more mobile homes with the land as rentals, super dial in our systems to utilize every team member in their unique genius zone, and consolidate some debt.

Education:  Create 1 new class, (most likely on the topic of private money), double my book sales, speak at 40 live events, and be a guest on 50 podcasts.

2023 Goals - Purchase 2-3 multi family properties and build my portfolio!

In 2023 I want to sell 10 houses and make a foothold in the Colorado Springs Real Estate Market!  I am a new real estate agent, just licensed in early October and have been diligently networking and growing my database in a new market. I am also an investor who plans to add 2 more rentals to my portfolio in 2023, one long distance LTR back in Nebraska and one primary residence house hack (hopefully a duplex) in the Springs!

I wish everyone the best with your goals this upcoming year!

My first goal in 2023 is to relax and enjoy our honeymoon vacation. My wife and I postponed it to get our current property remodeled, rented, and cash-out financing completed. 

After that I'm going to tread water on buying C/B class rental properties. The cash-flow were getting is not justifying the amount of work going into BRRRR type deals (at the higher rates).

Love this thread! My goal is to finish off my two properties that are under rehab and then purchase my first flip, then use the profit from the flip to purchase a duplex at the end of the year!

Goal: Don't go bankrupt.

Joking, kind of. I have a couple of residential development deals I'm juggling right now and so not in a position to take anything else on at the moment. Unfortunately 2023 for me is going to be a 'treading water' kind of year as I don't know how these flips will perform in the current market.

Good news is I have very low leverage on the deals, and if the houses don't sell my backup plan is to convert to either short term or long term rentals. Which the market does support. But until I can wrap up construction and either sell or rent these homes, I'm not taking on anything else.

I like the thread though! Will follow along to see what others plans are.

Would like to close on 20 rentals in 2023