Setting Real Estate Goals That Actually Work

Goals are like your personal GPS. They guide your every move, even when you are on autopilot.

When I started, I just wanted one property every year for five years. But I did five in my first month. So I had to think bigger. And that is why it is so important to write your goals down.

Write It Down

I never just type my goals into my phone. There is something about putting pen to paper that makes it stick. So grab a notebook.

And don’t just hide your goals in a drawer. Plaster them everywhere. Put them on your computer. Stick a note in the shower. Every time you see them, your brain will nudge you back to work.

Use the SMART Method

A good goal has to be Specific, Measurable, Achievable, Relevant, and Time-bound. For example, don’t just say you want “to be rich.” Say you want to buy ten cash-flowing rentals this year with a 10 percent return.

And you need to know the numbers. Cash flow is basically your rent minus all your expenses. Cash-on-cash return tells you what you are actually making on the money you put into the deal.

Break It Down

Big goals can feel scary. So break them into tiny pieces. If you want ten deals, you might need to find twenty-eight leads every month. That is only seven leads a week.

Focus on the next small step you can take right now. Those small wins build momentum. And once you start winning, you won’t want to stop.

Share your goals with a coach or a buddy too. Having someone to keep you in check is a great way to stay on track.

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