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And those reserves are meant to give you that peace of mind to take care of minery machirenyequpmentpayroll loan a situation if it comes up. Fear was definitely one of the things that held me back from getting started. So just make sure you are prepared as to where you can actually get minery machirenyequpmentpayroll loan that answer. And then sometimes, unfortunately, and something can be fixed very easily with money. I do need to just take that action and not overthink it.
But real quick, because I really want to know this, because I get asked this a lot, and I see it come up all the time. Real quick can you tell us how you got him to be your mentor? So, I reached out to him, and he hit me back pretty quick. Okay, so what happened was I payday loans hampton va was talking about the BRRRR book. We could use the best of the time, and he was like… And this was so profound to me. Tony:Yeah, having someone who can show you the path is always helpful. But I want to turn our attention towards next year, towards 2021. And how can Ash and I help hold you accountable for those goals? So to start to do some short term rentals, and I want to really continue and scale my flipping, also.
And even though I utilize the BRRRR method, you still need to have those reserves, and you still need to keep generating the revenue. I threw a pretty audacious number out there to the universe. And like I said two out of the area short term rentals. So those are the three big ones right there as far as the numbers go. And then obviously, I can take it a little bit more granular than that. The paperwork, the accounting, all of the documentation. So I can, at some point, delegate it off to somebody else. But those types of things is like, just as important as flipping 10 houses next year. Creating the systems and creating the processes, and making minery machirenyequpmentpayroll loan this an actual business is a goal in and of itself, and I recognize the importance of doing those things in order to scale and grow my business.
So, part of that just starts just generating a number of source passive revenue monthly. Ashley:I want to know what are going to be three action items that are going to get you closer to meeting those goals? What are three things that you know that you have to do every month, every week, or maybe you even only have to do it once to get you to those goals?
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Beth:I know my own market, my own personal backyard so well like the back of my hand. I need to really just focus on learning some others. Tony:So let me just recap what you have so far, Beth. I just overall know that I need to develop, and a better system for how I do this.
But I need to go to something a little bit more robust, I can do a little bit more. So those are the things that I need to do is basically… So, yeah, another action is just transitioning over to that new management system and things like that. Ashley:Yeah, Stessa is like a dashboard for investors.
You can pay how to get easy loans with bad credit for an upgraded version, but the free one is great.
But then you just need your rent collection software, a separate one.
So even if you have a property manager, they can send you the reports, and then you just enter it into Stessa. But also, there are virtual assistants out there who specialize in inputting data into Stessa or QuickBooks or other so when you are looking to transfer to a different software, you can find a virtual assistant online that will do all of that for you. So I definitely need to conquer that myself, and then minery machirenyequpmentpayroll loan I can delegate that off.
Those are good goals, and I love the big goal with the flipping and getting to 500K. So, like I said, originally, a couple months ago when I first sat down and decided what kind of goals I wanted to focus on, what I want to hit. And I wanted to… I felt like even just that was a little bit vague. And so, that has it, that acronym stands for specific, measurable, attainable, relevant and time based.
And then just continue to work on both the investing side of things and trying to stay on my side hustle to build up the cash reserves that I have need quick cash and continue to be in capital, so I can redeploy and get that second deal, maybe even in 2021. So, I would challenge you to maybe up that from one property money borrowing sites to at least two for 2021 because I think you can do it. So what that looks like is heavy on the networking, finding lenders, general cash loans no credit contractors, so contractors, property manager, and then within that subset is finding a mastermind that I relate to and can work with.
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And my third goal is additional revenue through real estate of 100,000. So my first flip would be something on that list as well. In the first 90 days, a big one is focus is network growth. So as I mentioned that list of lenders, general contractors, subcontractors, or property managers just to understand areas and market that might want to be in their neighborhood. And then for wholesaling, and flipping, ideally, I want to be the guy with the deals. I mean, everybody wants to be that guy, but I want to do the work to be in that position. And then for Christmas, I asked for a curated website. So just consistency and being on top of my metrics there is kind of the gist of it. So, what are like three things, and I know you like to have a very precise plan and break it down.
And then I also want to focus on continuing to scale my side hustle and just increase my business revenue just to increase that second or supplemental source of revenue, and that second source of income to use for again, both investing and reserves. And that if anything happened minery machirenyequpmentpayroll loan at the farm then that would cover that. So, we want to ask you guys what we can do for you guys to help hold you accountable.
But we want to know how can we help you throughout the next year to make sure you guys can reach these goals? I think sometimes just knowing what to do is the challenge. Or giving me a suggestion about look at this website, or have you checked this out? So definitely just giving us the ideas of where we can go, and how we can make best use of our time and what action we should take is really helpful. And are you doing that consistently to get to where you need to be.
So using you guys as a resource to try to navigate my way as we go along. What actions have we actually taken, and maybe celebrate wins, or you guys can give us 24 hour cash loans a little bit of insight from there? The four of us can be own mastermind, and we could hold each other accountable, you know? And then at the end of January, did you actually guys get it done?
And Jackson, you alluded to this is that, one, you guys are all in different places. But you guys have all started around the same time.
And some people are going to have the risk tolerance and the mindset just to go crush it and move super, super fast. Ashley:Well, I want to know where everyone can find more information about you guys and follow along your journey besides just the Facebook group.
But super excited that you all were able to share your stories with us. And minery machirenyequpmentpayroll loan I truly do believe that hearing your stories of 2020 and then being able to follow along your journey in 2021 will give them the encouragement and the guidance they need to take action to make those goals happen. Looking forward to checking in with you guys in a couple months, and giving the listeners an update on where you guys are at. Ashley:Yeah, thank you guys so much for sharing your goals with us. Rent to Retirement offers fully turnkey properties that are already renovated, leased and managed… allowing you to invest with confidence out of state. You can choose from single family or multifamily in a bunch of different markets to maximize cash flow, appreciation and equity. Plus they have a network of lenders to help with financing, including self-directed IRA loans. Successful people, like business leaders, are well-known for reading a lot of books.
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Neither of them were interested in being landlords or real estate investors, but after they made minery machirenyequpmentpayroll loan six figures profits on their first home, they realized there was real money in the real estate game.