Sorry everyone I have been M.I.A with The 22 Month Retirement. No excuses, but I have had a crazy year personally, but I have not forgotten about what I have set out to do.
I have been working on houses and deals that I had before the 22 month retirement and my personal life has been a mess.
Anyway, all is good in the neighborhood and I will start to tell and show you what’s going on. I’m really starting from scratch so, really I only have 13 months to finish eh? That’s ok, a little hard work, a few late nights, being extremely productive, and who knows… we might just make it.
But hey, check it out, there have been some changes to the amount of money I need because me & my wife found our dream home and put an offer in on it last week. You won’t believe me, but it’s a 6,064 square foot home, on 5 acres, with 6 bedrooms and 4 bathrooms, a pool and all kinds of stuff. It needs work, but that’s what I do so that doesn’t bother me.
Anyway, it’s in a real cool part of town with lots of trees and a circle driveway. I am going to trick this thing out, but this is a total blessing from God because the total amount that will be put into this property will be like less than $185k including purchase. Yeah, it’s one of those “As Seen On TV” type deals.
Almost to unreal to uneven believe, but it’s all that and a bag of chips. I am so happy. Anyway, I only tell this story to say that I originally thought I was going to spend $1.2 million on my home because that’s what I wanted. But with this new home and price I just found, I only have to spend $185k. Yay.
So, if I take $1,200,000 – $185,000 I get $1,015,000. So, my original real estate investing goal was to make $2,154,700.00, now it’s only $1,139,700. That’s a heck of a lot less, but it works for me.
That brings my monthly retirement amount need to $11,397 per month. So, for the next 13 months I need to sell one house per week (which is about 55 weeks) and make an average of $20,721.82 net per house. I am retiring on October 1st, 2010 @ 11:59 the day before my 31st birthday.
So, I have been working on putting together a team to help me accomplish this goal. If you think that you are going to sell that many houses without any help, then you may have another thing coming.
I have a great realtor that I am working with, I met another investor who is great at finding homes to sell and wants me to market the houses he gets in contract.
I am not a “fan” of networking, but it comes in handy. I am putting together a system that helps me bring in houses on autopilot and helps me sell them on autopilot with as little interaction from me as possible 
If you learn to market homes or “market” period you will always make money. That’s were the money is. It’s in the marketing.
Well that’s enough info for today. Talk with you soon.
Kenney
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