If you want to be a successful real estate investor you need to have goals and stick to them. There are many facets to real estate investing and staying focused and on track is difficult. There are five real estate goals that will help you achieve success as an investor. Stick to these goals and watch your real estate empire grow.
You must have goals. It sounds crazy that one of the top five goals is to have goals, but if you don't have written goals then you won't have any direction. These goals can be whatever you want them to be. For example one of your goals could be to buy at least two homes each year. Another goal might be to develop a potential buyer list. It doesn't matter what your goals are, the most important thing is that you must have goals.
Set a net worth goal. The best measure of your financial success is to measure your net worth. Net worth is calculated by subtracting your debts from your assets. Set a few net worth benchmark goals for your financial future. You might want to set yearly goals for the next five, ten and twenty years. Check your net worth often to see if you are meeting your goals.
What is your real estate lead generation system goal? In order to be successful as an investor you must have leads. Real estate leads are the lifeblood of a good investor. You can't get deals without leads. How many leads are you generating a month or year? How many leads do you need in order to meat your net worth goals? Decide how many leads you need to close a certain amount of deals and set this number as your goal.
How many deals do you want to do each month? If you want to be a serious investor you must keep doing deals. If you haven't completed a deal in several months then you might not be a real estate investor. Set your goal for the number of deals you want to do each year or month. By setting this goal it will keep you looking for deals and moving towards your financial net worth.
Set your continual education goal. How many books about real estate will you read this year? How many seminars will you attend? How many real estate investor meetings will you attend? Continuous education leads to continuous knowledge which leads to more ways to do deals. As an investor you need to keep adding tools to your tool box. You don't want to keep doing only one type of deal. You must educate yourself so that you can meet your goals.
If you are going to be a serious real estate investor you must have goals. The top five are above and must be on every investor's list. So get your pen and paper out and start writing today.
By Max Suther