Dave and I are practicing our video creation skills for a video series we’re going to start recording in April. As part of that, we’ve been recording lots of different videos. This video is all about setting goals for real estate investing.
For us, goal setting is the first step in our investing process. When we signed up for our first real estate investing program, we’d already successfully purchased two rental properties. We had decided that we wanted to get rich as quickly as possible and set a “goal” of earning $2,000 per month in positive cash flow from real estate within a year.
However, just because you have a measurable outcome and a deadline for achieving it doesn’t mean your goal is feasible.
You have to consider the time, money, and skills you have to invest in that outcome, and determine where the gaps are. Then, you fill those gaps. Making a plan to fill in the gaps is what goal setting is all about for me.
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