Real Estate Investing And Goal Setting

Real Estate Investing And Goal Setting



Real Estate Investing and​ Goal Setting
What is​ the​ primary reason for​ success most people have that seems to​ elude unsuccessful people? Goal setting is​ the​ primary reason for​ success .​
Lack of​ proper planning is​ the​ number one reason for​ failure .​
Proper goal setting involves setting a​ business plan in​ place for​ your life .​
Too many people this doesn’t sound fun or​ sounds tedious .​
In practice though, goal setters have more time freedom, more money, and​ more success in​ all areas of​ their lives than those who don’t .​
Well it’s no different with real estate investing.
Real Estate Investing must be treated as​ a​ business and​ it​ requires planning that anyone can do .​
Much like an​ airplane pilot who goes through a​ pre-flight checklist, the​ real estate investor must go through many steps for​ every real estate deal .​
You must market to​ find the​ deal, do your research on the​ property to​ establish a​ value, have your contracts ready, make your offer, schedule a​ closing, have title work done, prepare your financing, get property insurance, etc .​
The reason the​ doers make money is​ because so many people aren’t ready to​ make money .​
Real estate investing seems like pie in​ the​ sky until you put your plan down on paper and​ it​ starts to​ crystallize .​
The planning process itself should give you renewed energy.
Before I​ daily setup my plan I​ didn’t want to​ get out of​ bed each day, but now I​ get up ready to​ work on knocking out my plan every day .​
Set your plan up into baby steps that you can review and​ knock out every single day .​
Your daily plan must include marketing to​ get motivated sellers to​ contact you .​
Regardless of​ the​ deals you have in​ the​ works, if​ your marketing stops, you will go through long dry spells .​
Even with consistent marketing you will have periods with few leads and​ periods where you are just swamped with sellers offering you great deals.
Constant daily review of​ your goals is​ critical .​
This is​ why so many suggest taping your goals on your bathroom mirror so you see it​ when you wake up and​ again before you go to​ bed .​
You can even buy giant poster sized post it​ notes that you can write your goals on and​ stick them on your wall .​
Reviewing your goals before going to​ sleep at​ night causes your brain to​ dream about your goals and​ program them into memory .​
So put your goals down on paper and​ start putting your real estate investing plan into action.




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