Did you see the post on social media of someone making $30,000 on a wholesale deals and they have not even seen the property?
What about the other post stating that they just fix and flipped a property and made over $100,000?
Then there is that couple that you see at the neighborhood get together that seem to never be working, but they have shared with you that they have a built up a portfolio of rentals over the years.
All of these scenarios can be a reality to those who take action.
I have seen many posts from many real estate investors and although you can’t believe everything you see on the internet, I will share with you the following. Making more money on a deal than a lot of people make working at a job all year is possible. You just have to know what to do, how to do it, and when to do it. So now the question becomes what do I have to do? It all starts out with the following…
Set A Goal
You must have a goal set if you want to achieve that goal. Lets face it when you start on your journey on whatever it is you want to do in life, you must know the destination. You must have an end game if you want to be able to play the game and win. I can assure you that beyond a shadow of a doubt you will not get to your goal if you don’t have your goal set in stone. Now, just because you have a goal does not mean you are going to achieve it. It also does not mean that the goal is not going to be a moving target.
Lets think about once of the initial goals of NASA and the space program of the United States of America when it first t began. At first they set a goal of going to the moon. Think about that for a moment, they wanted to do something that no one in the history of the world had ever done. They wanted to take a little speck of a spaceship, launch it from the 3rd rock from the sun, send it into the massive expanse of space and somehow have them end up landing on another rock that is spinning in space and do this without risking the lives of the individuals on board and takes into account all of the details of traveling in space.
Do you think that the initial planning phases of sending a spacecraft to the moon was a simple process? Would you say that once they got the plans together that every thing went off without a hitch? How much training did it take for the astronauts to get ready and be prepared for the incredible journey ahead of them?
I know that it had to have been a monumental task because as a real estate investor all of these things, goals, planning, training and being ready to adjust on the fly are part of being able to hitting your goal. You can click here to learn more about real estate investing strategies, but I will not be able to help you with space exploration.
If it were not for the setting of that initial goal of getting to the moon, nothing would have been done and we may have not been able to get there until a later date. Remember, at that time in history we were battling with other countries in the quest of being the 1st country to land a man on the moon. President Kennedy promised everyone in our country that we would make it to the moon at his Address at Rice University in 1962 when he said “We choose to go to the moon.” That set the plan in motion years before the actual landing on the moon became a reality.
So set your goal if you want to hit the target…
Next week we will look at… stay tuned!