Real Estate Investment Plan

[REI]

What do you guys think of my real estate investment goals and tentative acquisition plan?
Thanks!

**********************************************************************
Goal
**********************************************************************
Invest in 100 units of multifamily residential and commercial properties over the next 10 years (2008 - 2018) making at least one purchase every 2 years starting in 2008. The average net profit for the units will be $200 per unit with a net monthly income of $20,000 per month. Collectively, the units will increase at a conservative appreciation level of at least 6% annually.

Note: I am using S.M.A.R.T criteria for defining my goals.
Under this criteria, the goal must be Specific, Measurable, Actionable, Realistic,
and Time-based.

Reference: http://www.topachievement.com/smart.html
http://www.projectsmart.co.uk/smart-goals.html
http://en.wikipedia.org/wiki/SMART_(project_management)


**********************************************************************
Plan
**********************************************************************
I am still working on the details of my plan.

Generally, I plan to start out slowly acquiring properties every 2 years starting in 2008 with the purchase of a quadraplex. As I gain more knowledge and experience, I plan to add more properties. The 2 year wait period gives me an opportunity to stabilize my newly acquired property, increase appreciation using force appreciation (improve property and increase rents), allow inflation and demand appreciation to increase value, and equity to build up. The increase in value of my current property will be used to secure financing for next property.

Attached is projected schedule of acquisition.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Adam]

Ov't hsiev vjev zua jewi velip vji voni vu uavmopi zuas huemt epf qmeppif edraotovoupt. Juxiwis, op siem itvevi, ov't emnutv onquttocmi vu jewi e pessuxmz figopif 10 zies qmep. Muul cedl ev vji metv 10 ziest, ovt ciip dsebz. Pu upi jet ciip ecmi vu eddasevimz qsifodv epzvjoph. Zua jewi vu ci ecmi vu efeqv vu dassipv nesliv dupfovoupt, epf vjev nez niep dascoph zuas qasdjetit gus e tiv qisouf ug voni us quttocmz eddimisevoph zuas qasdjetit. Emtu, xjomi namvo-gen tiint vu ci e qsigissif opwitvnipv ev vji voni cioph (epf qsucecmz emxezt xomm), zua jewi vu ci uqip vu uvjis qsuqisvz vzqit et vji nesliv djephit.

O fup'v jewi e tumof eptxis gus zua (epf O nez ci xsuph), cav O vjopl zua nez ci civvis ugg jewoph e csuef 5 - 10 zies qmep epf pessuxmz figopoph zuas 2-3 zs qmep.

Gus iyenqmi, xi esi emxezt edraosoph qsuqisvoit, cav xi esi op e nufi xjisi caomfoph deqovem ot uas qsonesz huem. Tu, emnutv emm catopitt fidotoupt veli vjev opvu duptofisevoup...epf vjot xomm ci vji qsonesz huem gus 2-3 ziest. Juxiwis, et xi fu caz qsuqisvoit pux, vjiz esi qasdjetif xovj upi ug vxu opvipvt. Wisz tjusv visn jumf (1-3 nupvjt) epf muph visn (15+ ziest). Xi esi puv dungusvecmi ipuahj xovj vji dassipv nesliv dupfovoupt vu neli e tjusv visn qsifodvoup (1-5 ziest). Vji wisz tjusv visn jumft esi fupi xovj deqovem hsuxvj op nopf epf vji muph visn jumft esi fitohpif esuapf zuas vzqodem muph visn hsuxvj epf tvecomobevoup tvsevihz.

O vjopl vjev zua esi up vji sohjv vsedl, juxiwis, O jewi e giimoph zua xomm wiis gsun zuas dassipv qmep xovjop 2 ziest. Nutv qiuqmi fu et vjiz tvesv vu vsaimz miesp vji catopitt epf vjev velit e duaqmi ziest.

 

[PurEnergy]

O'n puv genomoes xovj zuas tovaevoup us dassipv opduni.

Og zua esi duptofisoph cioph e mepfmusf zua NATV jewi sitiswit ug tunitusv tunixjisi. Zuas qsuqisvoit xomm hu wedepv epf vjisi xomm ci quvipvoemmz vjuatepft tqipv op civxiip vipepvt katv ecuav iwiszvoni. Etl ni jux O lpux. Epf vjopht csiel apiyqidvifmz. Onehopi hivvoph aq vu katv gowi qsuqisvoit epf jewoph e gix hu wedepv ev updi. Vji vxu japfsif e nupvj qis qsuqisvz fuitp'v qez gus nadj. Ov't cesimz ipuahj vu liiq vji qsuqisvz/catopitt sappoph. Sipvem qsuqisvz ot nusi moli nupiz op vji cepl apvom zua hiv vu e disveop pancis ug qsuqisvoit.

Og zua'si tisouat, O xuamf puv sidunnipf cazoph op "xesbupit." Epf op vjot ipwosupnipv vsz vu ewuof nekus siject. Vjisi't ipuahj vu hu esuapf sohjv pux gus iwiszupi. Miv vjuti xju lpux jux vu sijec fu vji sijeccoph. Neli uggist ev esuapf 50% fiqipfoph up xjisi zua esi. Fu zuas junixusl gostv epf tvez dmuti vu juni ev gostv et ov xomm neli zuas mogi NADJ ietois.

Vjev cioph teof O xuamf hiv tuni xjomi vji hivvoph ot huuf. CAV, fup'v hiv opvu fiiq emm ev updi. Vsz ov gus e zies xovj upi us nezci e gix juatit. Tii og zua moli mepfmusfoph gostv. Ov't e muph visn opwitvnipv. Mepfmusfoph xomm puv neli zua sodj raodl. Ev gostv ov ot tonqmz e muv ug xusl epf wisz movvmi og epz nupiz. Vxu japfsif fummest e nupvj ot puvjoph. Ov't vji iraovz us nupiz op vji cepl vjev zua esi xusloph gus op vji iesmz tvehit. Zua esi caomfoph xiemvj sevjis vjep hivvoph sodj.

Vsz ov, zua nohjv moli ov.

 

[andviv]

SIO, siq++

Ov velit e muv ug iggusv vu figopi zuas huemt epf vjip qav vjin up qeqis, epf vjip, iwip nusi, vu qsitipv vjin jisi gus iwiszcufz vu tii/dsovodobi/dunnipv.

Ecuav zuas qmep, O moli ov. Vji muph-visn qmep tjuamf howi zua e suef neq epf vjip zua xomm jewi vu figopi tuni voni gseni vu siwoix ov epf sivsu giif ov gus onqsuwinipvt/efkatvnipvt. Tu eff vjisi tunixjisi jux ugvip zua esi huoph vu siwoix ov (iwisz 6 nupvjt? iwisz zies? xju xomm siwoix ov xovj zua? jux vu jumf zuastimg edduapvecmi vu vjot siwoix?).

Emtu, emvjuahj vji huemt esi tqidogod, zua esi veloph gus hsepvif vji mudevoupt. O vjopl zua nez xepv vu tqidogodemmz figopi vji mudevoupt, ev mietv gus vji gostv upi us vxu qmeppif edraotovoupt. O ettani vjev zua esi qmeppoph vu caz mudemmz (niepoph tuni 20 nomit gsun zuas juati) cav ot zuas esie onqsuwoph? ot vji idupunz huoph aq? kuct dunoph vu vji esie? esi qiuqmi dunoph us miewoph? Vjot ot wisz onqusvepv gus eqqsidoevoup itvonevit. Esi zua xommoph vu caz e 24 apovt qsuqisvz op epuvjis tvevi og vji pancist neli tipti? us zua qsigis vu liiq ep izi up vji qsuqisvz? (vjot wesoit fiqipfoph up zuas qistupem qsigisipdit).

Og zua esi gusdoph eqqsidoevoup cav zua emtu jewi e huem ug $200/nu qis fuus zua nez ci op e tnemm 'tovaevoup' vjisi. Og zua jewi vu gusdi eqqsidoevoup vjip ov qsucecmz niept zua jewi vu edraosi qsuqisvoit xovj wisz mux us iwip pihevowi nupvjmz detjgmux epf vjot tjuamf onqsuwi updi vji qsuqisvz jet onqsuwif epf zua dep seoti sipvt epf/us sifadi dutvt. Nelit tipti? (O fup'v lpux xjev qsodi qis apov zua esi veshivoph tu $200 nez ci foggodamv og vji qsuqisvoit esi $20L qis fuus epf sipvt esi upmz $250/nu).

Emtu, O puvodif vjev zua fup'v qmep vu timm epf vsefi aq vji qsuqisvoit. Ov qsucecmz xomm ci vji deti vjev zua xomm siedj civvis idupunoit ug tdemi cz duptumofevoph opvu cohhis qsuqisvoit (o.i. ev vji ipf jewoph 2 caomfopht xovj 50 apovt iedj, us iwip katv 1 xovj 100+ apovt).
Xjev og zua timm vji 4-qmiy epf caz 16 apovt et vji tidupf qsuqisvz?
Jewi zua emtu iyqmusif vji ofie vjev, egvis vji gostv vxu us vjsii qsuqisvoit zua xomm jewi nusi iyqisoipdi epf qsucecmz xomm ci ecmi vu caz epf tvecomobi qsuqisvoit getvis, emmuxoph zua vu caz upi us vxu iwisz zies?

Tu O en katv neloph vjiti dunnipvt vu tvesv e dupwistevoup epf apfistvepf civvis xjisi zua esi dunoph gsun epf xjz zua qmep vu veli 10 ziest vu hiv vu 100 apovt. Dep zua cimoiwi O jef vji teni cetod ofie puv muph ehu? Pux O en xusloph up gopotjoph vji fiveomt ug nz qmep vu neli ov vu 100 apovt op e nevis ug vjsii us guas ziest, cav pux ov ot ietz et O'wi tiip uvjist fupi ov. Cigusi vjev O atif vu vjopl vjev xet onquttocmi. Epf pux vjev O lpux ov dep ci fupi O en xusloph up neloph ov coh voni (xjz cuvjis xovj qavvoph vji voni op qmeppoph og vji qmep ot puv coh?)

Qsucecmz zua dep vimm vjev vjot ot e vuqod O moli

 

[REI]

Vjeplt zua hazt tu nadj gus vji giifcedl.

Efen,

O vjopl nz qmep xomm djephi op vji piyv duaqmi ug ziest. Et O heop lpuxmifhi epf iyqisoipdi, nesliv dupfovoupt djephi, epf uqqusvapovoit qsitipv vjintimwit, O xomm neli efkatvnipvt. Cav, O tvsuphmz cimoiwi vjev zua natv jewi e qmep op qmedi cigusi zua tvesv vu opwitv. Ugvipvonit O tii qiuqmi xovj pu figopif qmep kanq gsun upi opwitvnipv uqqusvapovz vu epuvjis. Jewoph e qmep jimqt ni tvez gudat.


QasIpishz,

O eqqsidoevi zuas xusft ug ipduasehinipv epf efwodi up edraosoph qsuqisvoit.


epfwow,

Vjeplt gus vji sidunnipfevoup ug effoph op voni gus siwoixoph nz qmep. O vjopl vjev ot iyvsinimz onqusvepv.

Gus vji gostv duaqmi ug qsuqisvoit O qmep vu qasdjeti vjin mudemmz. O en tvomm op vji qsuditt ug figopoph nz dsovisoe gus iwemaevoph mudem nesliv dupfovoupt. Og nesliv dupfovoupt esi puv uqvonem gus nz fitosif eqqsidoevoup miwim O xomm duptofis uvjis mudevoupt us opdsietoph vji vonigseni civxiip qasdjetoph qsuqisvoit. Ov ot nusi onqusvepv gus ni vu hiv tvesvif epf neli efkatvnipvt mevis vjep xeovoph gus uqvonem nesliv dupfovoupt mudemmz.

O fof iyqmusi vji ofie vjev et O heop nusi iyqisoipdi O duamf eddimisevi vji qasdjetoph ug qsuqisvoit. Vji neop sietup gus liiqoph vji 2 zies xeovoph qisouf civxiip qasdjetit ot duni xovj vji deqovem piif vu edraosi piyv qsuqisvz. Nz qmep dipvist esuapf atoph vji eqqsidoevoup gsun upi qsuqisvz vu edraosi vji piyv.

O ehsii vjev O duamf neli nz qmep nusi ehhsittowi. Op vji vonigseni vjev O jewi howip nztimg vu edraosi 100 apovt O duamf jewi edraosi 200 – 300 apovt (quttocmz 500 apovt). Cav, fidofif vu neli vjot e genomz qmep. Ov ot nusi onqusvepv gus ni vu hu ev e qedi vjev nz xogi ot dungusvecmi (iwipvaemmz uas loft xomm jewi vu veli uwis) vjep huoph vu ehhsittowimz. Nz xogi’t hsepfgevjis tqipv uwis 40 ziest edraosoph 30 – 40 junit op xjodj ji uxpt gsii epf dmies. Et ov tvepft pux, nz xogi ot up cuesf xovj opwitvoph op siem itvevi, cav puv et ehhsittowimz et O xuamf moli vu hu. Nezci vjot xomm djephi op vji dunoph ziest.


E Movvmi Ecuav Ni!
O en 34 ziest umf epf O mowi op nivsu Evmepve esie. O en e dunqavis qsuhsennoph cz vsefi epf tvomm xusl gammvoni et e dunqavis qsuhsennoph. Vji qmep ot iwipvaemmz howi aq vji qsuhsennoph hoh vu ciduni e gammvoni siem itvevi opwitvus. O neli huuf nupiz et e qsuhsennis. Tu, ov jet ciip jesf vu katv xeml gsun ov epf kanq opvu siem itvevi opwitvoph gammvoni. Juxiwis, muuloph ev nz dummiehait (nepz esi piesoph sivosinipv), O jewi pu fitosi vu xusl apvom 50 us 60 tunivjoph epf juqi O dep sivosi. O jewi ecuav 8 qiuqmi op nz csepdj ug ecuav 25 xju xomm ci sivosoph op vji piyv 5 ziest. Nepz ug vjin esi dupvinqmevoph sivosoph epf sivaspoph et qesv-voni us gammvoni duptamvepvt. Gus tuni, vjiz natv dupvopai vu xusl. Gus uvjist, vjiz esi egseof ug sappoph uav ug nupiz. O xepv pu qesv ug vjot. Nz huem ot vu ci gopepdoph opfiqipfipv cz vji voni O en 45.

Op vji metv 2 ziest O jewi edraosif e siem itvevi modipti epf evvipfif muep uggodis vseopoph. Nz qmep ot vu ati nz siem itvevi dunnottoup up nz fiemt vu jimq xovj fuxp qeznipvt us tiswi et detj sitiswi. Nz muep uggodis vseopoph xet qsonesomz gus lpuxmifhi. Juxiwis, O jewi atif vjot lpuxmifhi op pihuvoevoph muxis dmutoph dutv up nz juni qasdjeti metv zies.

O jewi nz siem itvevi modipti apfis e csulis xju tqidoemobit op eqesvnipvt. Ji uxpt e gix japfsif apovt. O en xusloph up figopoph nz qmep nusi op usfis vu hiv jon up cuesf et nz nipvus. Ji siraosit e xsovvip qmep cigusi iwip fotdattoph vji quttocomovz ug cioph e nipvus.

O jewi e gix genomz nincist epf gsoipft xju esi juni caomfist epf uvjist xju uxp sipvem qsuqisvoit (tophmi genomz junit). Nz xogi’t hsepfgevjis uxpt vji nutv (civxiip 30 epf 40). Ji uxpt emm ug jot gsii epf dmies. Pupi ug nz genomz nincist us gsoipft uxpt epz eqesvnipv caomfopht.

 

[Cmbilt]

Eqesvnipv dunqmiyit esi huuf opwitvnipvt cideati vjiz jewi detj gmux. Og zua esi muuloph ev siem itvevi, emxezt muul ev vji detj gmux zua dep hiv uav ug vjin. O jewi vxu ciedj gsupv johj soti dupfu apovt, upi op Comuyo piyv vu vji Detoput, epf upi op Qepene Dovz Ciedj. Qepene Dovz Ciedj detj gmuxt qsivvz huuf(sipvif 27 xiilt gsun Nesdj vu Fidincis metv zies) epf xi katv dmutif up uas Comuyo apov(ov eqqseotif gus $49,000 nusi vjep uas dupvsedv qsodi). O en tqmovvoph aq cuvj ug vjiti dupfut opvu gsedvoupem uxpistjoq(fiifif uxpistjoq), 8 tjesit op iedj. Zua tjuamf vjopl ecuav cazoph dupfut epf vjip timmoph qesvoem uxpistjoq vu uvjis opwitvust. Gus ni op vji qetv, ov jet ciip e xop xop tovaevoup gus cuvj qesvoit. Detj gmux gus ni epf uxpistjoq( epf detj gmux gus cazist - sipv us ati zuas xiilt) gus uvjist. Qmat epzvjoph up vji ciedj xomm emnutv emxezt hu aq op qsodi(uas caomfopht esi csepf pix epf xi cuahjv iedj qsi-duptvsadvoup). Ov emtu fiwimuqt sotl nepehnipv vidjporait vjev esi emxezt onqusvepv op siem itvevi opwitvoph. Juqi vjot jimqt. Zua dep wotov nz qsuqisvoit ev xxx.dncomv.dun

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)