05 May Establishing Your Real Estate Goals
Once you’ve come to the decision that it’s time for you to invest, and feel that you’ve obtained an adequate amount of background and information on the industry of real estate as a whole, there are a few questions you should ask in preparing to set your investment goals. This list is by no means exhaustive, but keep these items in mind when thinking of what your overall real estate plan is.
–What’s your niche? What area of investing is going to fit your personal needs? What areas or markets are currently thriving in that area? What is your plan to get involved and begin creating your personal portfolio? Do you have a backup plan?
–To what extent do you plan to get involved? How much time are you planning on spending on your investments? How much of a supplemental income are you looking to build? Investing can take time, so take this into consideration. How long are you planning or wanting to wait before seeing returns?
–What are your desired outcomes? How long do you plan to spend in the real estate investment industry? What is the next step in your financial future, and how can real estate get you there?
Sitting down to establish the bigger picture helps to open investor’s eyes to everything they can do in the investing world, as well as what areas they ought to avoid. Keep everything in mind when sitting down to establish your real estate goals, and know that we at Abundance Edu are behind you every step of the way!