All Forum Posts by: David Nacco

@Taylor L. That’s awesome I want the option to be location independent but I probably would still just stay in one location lol

Wanted to put my goals out there! Let me know what you guys think and what your goals are so maybe I can be inspired to add some more!

Daily Goals

- [ ] Write 5 hand written letters per day to people in your network

- [ ] Analyze 3 investment properties per day

- [ ] Listen to at least 30 minutes of podcasts or watch 30 minutes of educational YouTube videos

- [ ] Do something on Bigger Pockets (read an article, comment on an article/blog post/show notes, participate in a forum, watch a video, etc.

Weekly Goals

- [ ] Prospect new luxury home clients 3x per week

- [ ] Make an offer on 1 investment property per week

Monthly Goals

- [ ] Read 2 books per month

- [ ] Sell 4 homes per month

Yearly Goals

- [ ] Get a business tablet and computer by the end of the year

- [ ] Lost 30 pounds

- [ ] Sell one house per year priced over $1,000,000

- [ ] Make $150,000 per year

- [ ] Take a small get away with the family such as camping or a weekend vacation every 3 months

- [ ] Take at least one big vacation a year

- [ ] Flip 4 houses per year

Long Term Goals

- [ ] Become a Certified Luxury Home Marketing Specialist

- [ ] Become Certified Military Relocation Professional

- [ ] Become Certified Resort and Second Home Property Specialist

- [ ] Own 10 rental properties cash flowing an average of $300 per month after expenses and reserves

- [ ] Hire first employee for real estate agent business

- [ ] Buy a franchise of an existing brokerage or open my own brokerage

- [ ] Improve credit score

- [ ] Pay off all credit card debt

- [ ] Pay off car

- [ ] Save 1 year of living expenses in emergency fund

- [ ] Pay off house

- [ ] Build 3 Streams of Income

- [ ] Drive a Tesla Model S

- [ ] Drive a diesel, 4wd Ford F250

- [ ] Buy a boat

- [ ] Buy a Rolex

- [ ] Become a net worth millionaire

- [ ] Become a cash millionaire

- [ ] Build a custom home/farm in Georgia with enough land to start a hobby farm when I retire and hunt on the property

- [ ] Donate at least $1000 per month to organizations we believe in

Hey everyone, I'm doing some analysis on rental properties in the Hampton Roads area and am trying to get an idea of what you are typically getting for property management rates in the area. Any feedback on what you guys get on single family, large and small multifamily, if there is any differences you typically get in rates for 2,3,4 unit properties, etc. would be greatly appreciated. Anything in cities like (I'm mostly listing them at this point to hit keyword alerts) Williamsburg, Newport News, Hampton, Norfolk, Virginia Beach, Portsmouth, Cheasapeake, Suffolk, Franklin, Windsor, Smithfield, Poquoson, Isle of Wight. 

What I planned to do with it was split the downstairs commercial space into 2 studio apartments. 

@Sterling Cuffee I live in Suffolk. I should be a licensed real estate agent by the end of the month and I primarily look to buy long term rentals! Also flipping to raise money for rentals.

@Scott Sewell I’m not sure how to answer any of your questions but I just wanted to say that I saw this property and considered offering on it as well lol.

@Kyle M. This is inspiring! Thank you for sharing with us!

Hey guys, I am looking to get a water line ran from the kitchen sink to the refrigerator. Basically just throwing on a T pipe and running it through the kitchen cabinets. How long should that take a plumber to do? I’m about to call some plumbers to get estimates and I wanna make sure they don’t just try pulling one over on me and making up a number. I feel like it’s about a 30 minute job would that be what you guys think/see as well?

I've always leaned towards @Matthew Reichert view of it... DC, MD, VA. It's the area around the 3 states. Delaware, Maryland, and Virginia share way to many borders between at least 2 of the states for an area of that size to make sense being considered a single market

@Nathan Hui no I don’t. If that’s what makes you comfortable and the numbers still work go then do them! You know your home better than any of us do and once you have a good amount of reserves saved up and the current issues taken care of you can always lower how much you set aside each month and then just replenish any of your reserves that you had to spend