top of page
  • beckynova24

"Where Do I Even Get Started?"

Whether you’re new to real estate investing or you’ve been doing it for some time…

​ There’s one thing that will keep you stuck more than anything else.

​ What is it?

​ Overwhelm.

​ ​… not knowing what to do next.

​ ​… not knowing what’s a good deal and what’s a bad deal.

​ ​… not knowing where to get money to invest.

​ So how do you overcome feeling this way?

​ One word:

​ Clarity.

​ You must get clear on what your next steps are.

​ And there are three steps to do that.

​ ​Step one: Get clear on what you want.

​ Why do you want to own rental properties?

​ Do you want to be able to travel the world whenever you want?

​ Do you want to become a millionaire investor?

​ Or maybe you want to spend more time with your family and friends.

​ For me?

​ My goal is to own the least amount of doors for the most amount of money.

​ Your goals might be different.

​ But whatever it is, you must get clear on what success looks like for you.

​ Then, you can move into step 2.

​ ​Step two: The strategy.

​ Once you know what you want, you can figure out what strategy will allow you to get there.

​ For example: To reach my goals, I don’t want to acquire a ton of properties.

​ I want location independence, financial freedom, and the time to do what I love.

​ In the future, it might change.

​ But for now, that’s not what I want to do.

​ And the same is true for you.

​ Right now, your goal is one thing.

​ And in the future, it might change.

​ But figure out what strategy will help you create the lifestyle you want.

​ And then stick to that strategy.

​ ​Step 3: Think about your criteria.

​ There are literally hundreds of cities and towns and different ways you can invest.

​ And it can be hard to decide what option to choose.

​ But since you know what success means to you.

​ And what strategy fits your lifestyle.

​ Now you can evaluate what your portfolio can look like.

​ For example, if you want to bring in $500 per door per month…

​ Then you have to figure out what market will allow you to do that.

​ And if you work backward, you can narrow down the criteria…

​ The amount of money you’ll need…

​ And what deals you’re looking for.

​ Then, once you’re able to sift through those different opportunities…

​ You’ll be able to make a decision and either purchase your first property or your next property.

​ So there you have it.

​ That’s how you crush overwhelm and start taking action!

7 views0 comments

Recent Posts

See All
bottom of page