Mid-Year Check-Up Completed....Now What???

As we approach the 4th of July Holiday means more than 50% of the year has gone by. I just completed our Mid-Year Check-Up, and our business accomplished some great things, and also missed on other objectives. The number one goal I had for the business was to complete our 506(c) offering and have it funded. I am happy to say that happened at the beginning of June! I also missed on a few other goals. I wanted to provide owner financing to 12 families in the quarter and fell short of that goal. The reason that I fell short of that goal is because I did not bid/purchase on enough notes/assets at the beginning of the quarter. What I am working on now is a better formula that will provide me best & worst case scenarios for our quarterly/annual results. The reason why I wrote this post was to share some of our experiences with you. And what spurred all this was from a conversation I had earlier in the year with another fellow real estate investor. He has never performed a Mid-Year Check-Up on his business because he was always busy and was making decent money. Then his market space started changing, and placed pressure on his margins. And we all know what happens when this occurs. We are too late to the party! I want to leave you with this: If you are doing a Check-Up on your business GREAT! If you are not, WHY NOT? Have a great 4th of July!

Let's all be part of bringing Wall Street to Main Street!