Four Seasons Sotheby's International Realty
Four Seasons Sotheby's International Realty
MARIANNA VIS, Four Seasons Sotheby's International RealtyPhone: (603) 860-8115
Email: [email protected]

How to Set Goals for Real Estate Investing

by MARIANNA VIS 11/09/2020

Photo by F. Muhammad via Pixabay

Whether you're about to sign on your first rental property or already possess a portfolio full of properties that are cash-flowing like crazy, you need this. Time to reframe your mindset, step above the minutiae, and get a panoramic view of the path you're choosing. 

Why Set Goals?

It's easy to get caught up in chasing shiny new investments--especially as you gain experience investing and managing properties. But chasing every fabulous deal that pops up can take you on more than a few rabbit trails that won't get you any closer to your end goal. 

  • Maybe you want to semi-retire at 40 and travel the world with your family. 
  • Maybe you want to build your net worth so you'll be able to unload most of your properties once you retire and reinvest into building your own dream home. 
  • Maybe you want to focus on building sustainable positive month-to-month cash flow so you can pursue non-real-estate-related goals. 

You might stumble across a slew of excellent deals and solid investments that don't fully push you toward your goals. They're good. Great, even. But maybe they require more in-depth vetting of tenants than you're willing to take on right now, or a complete rehab that you don't have enough hours in the day to pull off. 

Zoom out. Secure your vision. Grab a pen. And set some goals. 

Characteristics of Great Goals

  • Excellent goals are specific and measurable. You'll know beyond a shadow of a doubt when you've arrived at them. Maybe it's a certain number in terms of cash flow or net worth. Maybe it's the point at which you can quit your day job. Maybe it's something else. If you can't measure it, it's probably not specific enough. 
  • The best goals are realistically achievable. Anyone can set a goal to become a billionare in the next 12 months. Unless it's realistic for you, keep dreaming about it and working toward more achievable chunks of that dream. 
  • The best goals involve other people. This one might surprise you, but a team/community/network mentality is staggeringly important for real estate investors. You'll need a team you can rely on, and your long-term goals should involve deepening your network with investors, real estate agents, and other industry professionals that are rock stars in their fields. 
About the Author
Author

MARIANNA VIS

Why be ordinary when you can be remarkable? 

Marianna Vis of Four Seasons Sotheby’s International Realty’s Bedford office has over two decades of real estate experience in the Bedford, New Boston and Southern NH area, with 1000+ homes sold, over half a billion in sales, and consistently placing in the Top .1% of New Hampshire Realtors® year after year. Facilitating over 41 million dollars in New Hampshire home sales in 2023, Marianna is also the number one Listing agent in the town of Bedford, NH again …and has been the top Agent for neighboring New Boston for over 11 years. And she has placed in the “Top 10” REALTrends list of America’s Best Real Estate Agents since 2019.