Our Real Estate Goals for 2012
Mar 5th
We are big on setting and achieving goals so we’d like to share our 4 main goals for 2012:
1) We will exceed the return expectations and needs of our investor partners.
Thus far, 3 of our funds have been completed. We are pleased to report that our investors received the following average IRR on their capital:
Fund 1 – 24%
Fund 2 – 26%
Fund 3 – has only one property (rincon) remaining in escrow to sell in early March and we are projecting a 22% average investor IRR for that fund.
Fund 4 – 33%
Fund 5 – has two properties left, linwood which went into escrow the first day on market and they both look solid. This may be our best fund to date.
Fund 6 – We have purchased a $510,000 property on a golf course with minimum work & a condo so far with a few more in the pipe.
2) We will purchase 30 properties and 20 sales in our single family funds
while continuing to maintain a conservative selection process and high profit margins. We have increased our manpower here in the office by hiring Max Frank for accounting support and Tamara Peterson for administrative and project support. We have the team and resources to expand on our current model and start exploring new opportunities within our residential niche.
- 4 Properties in the first quarter
- 6 properties in the second quarter
- 8 properties in the third quarter
- 12 properties in the third quarter
3) We will diversify our funds with some higher-end homes.
4) We will open a separate fund to buy and hold property.
Goal Setting & Modeling others
Goal Setting
Here is a great video from Brian Tracy on goal setting. If you’ve never heard of him you should strongly consider hearing what he has to say. He is a great teacher and motivator and has inspired me for years.
Real Estate Joke of the Day – “The Balloonist”
Feb 7th
“The Balloonist”
A balloonist is blown off course and is forced to land. He is
in a field close to a road, but has no idea where he is. He sees a
car coming along the road and hails it.
The driver gets out and the balloonist says, “Howdy! Can you tell me where I am?”
“Yes, of course,” says the driver. “You have just landed in your
balloon, and with this wind you have obviously been blown off course. You are in the top field on John Dawson’s farm, 12 miles from Albury. John will be plowing the field next week and sowing wheat. There is a bull in the field. It is behind you and about to attack you.”
At that moment, the bull reaches the balloonist and tosses him over the fence.
Luckily, the balloonist is unhurt. He gets up, dusts himself off and says to the motorist, “I see you’re an appraiser.”
“Good grief,” says the other man, “you’re right! How did you know
that?”
“I employ appraisers,” says the balloonist. “The information you
gave me was detailed, precise, and accurate. Most of it was useless, and it arrived far too late to be of any help.”
Setting Goals & Modeling Others
Feb 2nd
We had a great workshop this month where we discussed setting goals, time management, and business planning. We wanted to share the powerpoint so that those who attended can review anything they might have missed (and so those who weren’t able to make it can get a small glimpse of what you missed).
Part 1 includes Setting Goals & Modeling
planning for the FUTURE of your business
Jan 10th
| Our workshop series covers the 5 F’s of Residential Redevelopment: Finding, Feasibility, Funding, Fixing, and Flipping. None of which would be possible without the “6th F” (we had to use an “F”): planning for the FUTUREof your business. Having a successful real estate business starts with knowing what you want to accomplish and then creating a plan you can execute.
With the new year upon us, it’s a great time to step back and evaluate your Real Estate business and set some measurable goals for 2012. In this workshop we’ll share with you our plans and goals for 2012 as well as the process we’ve used to develop our plan.
Some highlights include:
Space is limited, so visit EVENTBRITE to sign up & reserve your spot!
Thank you Trilion Capital for sponsoring this event.
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What are your thoughts about 2012?
Jan 9th
We’re interested in your thoughts about 2012. Take our quick survey and we’ll post the results at the end of the week!
