July was another on pace month for the goals. We ended up purchasing four houses and selling one (a wholesale deal). The good part is we have three retail deals in escrow and if things go as planned all three of them should close in August… well, realistically, maybe only 2 of them.
The market felt like it was slowing in June, but now we are not sure what do think. There is no inventory out there and there are not very many retail buyers out there. If the banks dump inventory it should make for a very exciting winter.
Get to 20 rentals properties (not units)
We are now at 22 rentals; we have upped the year end goal to try to hit 30 rentals. That would really be an amazing accomplishment. We purchased our first rental August 5, 2009 and bought 21 in the first 12 months as landlords.
Make 36 Purchases (Rentals, Retail or Wholesale)
Chances are we should beat this goal, I just don’t know by how much yet. We have purchased 25 properties so far. The bad news is we only have two purchases in escrow right now. An agent tells me we are pretty close on another deal, so I am hoping the Seller gives us confirmation tomorrow. So far this year we have been averaging about 3.5 purchases a month, so that pace would put as at 42-43 deals this year. I’m all for it, but it has been getting harder to buy almost every month so hopefully we can keep the volume strong.
Make at least 10 Blog Posts per Month
I got an early jump on the blog posts and I don’t think I have posted for 10 days or so. But I did hit this goal again. Is there anything else you want me to write about? Let me know in the comments.
In past months I’ve had Mike Z, QkNic, BJ Fitzgerald, Stephen J. Moore, and Jennifer post their goals in the comments section. It’d be great if you could give an update on your progress in July and previous months? If anyone else wants to chime in, I can mention you in next months review.