We’ve been crushing the tangible goals that were set for this first year. These include:
- First and foremost we were awarded and closed on 2 large apartment deals totaling 445 units. Getting awarded that first deal was a huge hurdle to overcome and a big confidence booster. We started the year with a $6mm personal portfolio, and today stand at nearly $70mm of real estate that we control.Successfully raised over $16mm in capital in just 6 months. This was my biggest question going into this new venture—would we be able to raise money. I understood the value add real estate game, but we had never raised money from outside investors. So far, so good.
- We built out the Wildhorn team to support our vision. This all started with solidifying the relationship with my business partner—we know our lanes, leverage our strengths and communicate well. With that in place, we have been able to attract analysts to underwrite deals, a crack Property Management Team we can trust, and a General Contractor who is at the top of his game.
- Super charged my network with over 100 lunches and 200 coffee meetings with investors and partners (and countless phone conversations with people across the globe). In the process, I realized that making meaningful connections with people is my favorite part of the job and something I look forward to every single day.
- Built the Wildhorn brand by speaking at a conference for apartment syndicators, appearing on over 10 podcasts and publishing 19 articles.
- Working by the pool at my son’s regular 3:30 PM swim practiceHaving at least 10 quality minutes to talk with my daughter right when she gets off the bus
- Integrating regular weekday golf into my business/life mesh
- A completely new and energized outlook about the future—there are no restraints to what we can accomplish and build. This is not a feeling I ever had as an employee. The best I could hope for was another promotion, a bigger bonus, a better team. Now, I’m in the driver’s seat and I have the genuine feeling we can do anything we put our mind to.
- Working with a life and business coach has helped my efforts tremendously. I’ll have a coach for the rest of my life. I’m constantly having my thoughts and beliefs challenged and supported, and it keeps me in constant go and grow mode.
Can you do this? Will you be successful? We walked away from our job before we had replaced our income. So I was betting on myself and had confidence we’d succeed. But there were many times I stressed and worried if we’d made the right decision, but laying out a plan for every day, every week and staying consistent in our actions,Getting comfortable with lumpy income. It was stressful the first few months as you watch every other Friday come and go and the bank account not growing. But now, we’re used to the distribution schedule from our properties and how we’re able to put food on the table. Struggling with work/life balance. I love to talk about #lifebydesign, but it takes a ton of work and planning to pull off, and if I’m being totally honest it’s something I work on every day. Overcoming the thought that if I’m not working I’m not growing the business. Getting back to emails immediately. Following up with brokers. There always seems to be something I should be doing. Several times this year my wife has had to call me out for not getting out for a date night. I’m typically working 5-6 nights a week after the kids to go bed, but looking for the opportunities to weave in downtime during the day and construct a true #lifebydesign.