Jan Month-End and a Busy Start

Sorry, I have not been blogging very much at all.  January has been extremely busy!

2010 was a great year for us.

Here is what happened in January:

  • We sold 1 property.
  • We bought 6 properties.
  • We rented 5 houses (4 were new purchases, 1 was from a move-out after the lease ended).
  • We have 3 purchases in escrow and are close on a 4th one.  One of them might not close in February.

Now to unveil our goals for 2011.  They are sweet and simple:

  • Make 48 purchases
    48 is a good number that is going to take a lot of work.  That is an average of 4 a month.
  • Get to 50 rental properties
    As you can probably tell from the blog, we really like owning rental houses.  Managing them has been a great experience.  To get to 50 by the end of the year we need to average just over 1.5/month, which is pretty much the same acquisition pace we did last year.

We have some creative strategies in mind to help us accelerate our rental acquisition pace as 2011 is shaping up to allow us to buy some great cash-flow deals.   I am not going to set a blogging goal, as I epically failed that last year but I am going to try to make at least 10 posts a month.

So after January is over here is were we stand.

Make 48 purchases

We started the year ahead of schedule with 6 new purchases.  February is going to be a slower month, but we should be on schedule or ahead of schedule by the end of February.

Get to 50 rental properties

We are 30 rental houses right now.  Two more are due to close in February so far.

For all the reads of this blog, what are your goals for 2011?  Let me know in the comments.

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One Response to “ Jan Month-End and a Busy Start ”

  1. J Scott says:

    Wow, you guys are rocking and rolling…congrats on all the success in 2010 and great start to 2011!!!

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