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All Forum Posts by: Tom Scrima

Tom Scrima has started 1 posts and replied 1 times.

Post: Are my goals too small?

Tom ScrimaPosted
  • Posts 1
  • Votes 0

Hi - new to bigger pockets and investing.

I have set a 12 month goal to sell my primary property, and purchase a duplex as a house hack. I should be done with my current "live in flip" in 6 months or so and when I sell should take about 200k in equity out. I need to wait until next summer to sell to capitalize on the 2 of 5 year rule.

I feel like my goal is to small but I don't know what else I would do. I do have a w2 job as well. I feel the next 12 months are going to be boring for me with my current goal. I hear all of the podcasts of people buying 10-100 units a year and am kind of stuck. 

My 5 year goal is $3000/month in cash flow. thanks