What is your real estate investing strategy? It's important to get clear on why you're investing and what your long-term goals are. This step is often overlooked, but it's actually the most important. Your strategy will determine how you should invest, from choosing market and property types to picking your ideal tenants and team. Let's make sure you chart a winning course!
It can be tempting to buy your first property quickly, but hold your horses! The data is clear--those who succeed most often are the ones who take time to learn the fundamentals, establish a strong strategy, and create a clear action plan. Find Your "Why": Do you crave personal freedom, early retirement, or another outcome that inspires you? Get crystal clear on a vision that will motivate you for the long haul.
Get Your Finances in Order: How do you create a solid foundation for your personal finances? Which borrowing options are best for your current financial situation and investment strategy? Let's break it all down. Learn, Learn, Learn: Knowledge is power. From podcasts and webinars to books and bootcamps, we're here to help you conquer the learning curve.
Set Long-Term Goals: What amount of cash flow is required to change your life? How many doors will it take to reach financial independence? Get specific and create relevant, time-bound, attainable, and quantifiable goals. After all, if you can't measure it, you can't manage it.
Choose Your Strategy: Which investment strategies align best with your vision and long-term goals? It's time to identify the tenant type, property type, and investment methods that will get you where you want to go, faster. Whether you're focusing on cash flow or appreciation, single-family rentals or fix-and-flips, active involvement or passive participation, we've got you covered.
To help you start determining an investment strategy, the strategy phase has three core pillars: get started, grow your knowledge, and set your goals. Get crystal clear on your "why" and chart your real estate investing strategy.
How to Know if Real Estate Investing is Right for You: Learn more about the pros of real estate investing and how to decide if it's right for you. How to Get Your Finances in Order for Real Estate Investing: Deep dive into your own financial picture as you prepare for your REI journey. How To Think Like A Successful Real Estate Investor: Investing is about more than finding good deals. It's about deep understanding and recognizing opportunity. Grow Your Knowledge Long-Term vs Mid-Term vs Short-Term Renters: Learn about the pros and cons of each type of tenant. Investor Resource Hub: Access guides, data, and more to grow your knowledge as an investor. Why Are YOU Investing?: Tapping into your core motivation is key to achieving REI success.
If you are in need of an experienced commercial real estate broker I can be reached at 281-222-0433, or you can visit here to schedule a consultation:
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By: Bill Rapp - Medallions Funds - Capital Advisor Title: The Dos and Don''ts of Investing in Commercial Real Estate Sourced From: www.youtube.com/watch?v=57UFT7bLH0U
