Setting great goals is hard. Achieving them is even harder.
How many times have you made a New Year’s resolution (aka goal) and abandoned it by February?
Maybe you intended to do one of the following:
Lose 30 pounds
Start eating healthy
Spend more time with family
Buy your first investment property
But all too often I see newbie—heck, even seasoned!—investors set less-than-stellar real estate investing goals.
They might be something like:
My goal is to buy 10 homes this year (meh…)
My goal is to buy 10 $100-$150K homes this year (better!)
My goal is to buy 10 $100-$150K homes in Kansas City / Indianapolis / Birmingham that each yield $200/monthly in cash flow after all expenses (good… but still lacking)
I’ll tell you a secret. If you’re failing to achieve your goals, it’s probably because you didn’t set the goal correctly in the first place.
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