Personal Development

How to Set Your Sights for a Bigger, Better Real Estate Year in 2015

Expertise: Personal Development, Business Management, Real Estate Marketing, Real Estate Deal Analysis & Advice, Real Estate Investing Basics
70 Articles Written

Was 2014 as successful as you hoped?

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This year is winding down to a close, and with that being said, I hope you have accomplished all of your real estate goals that you initially set out to conquer for the year. If you aren't where you thought you would be, or if you are looking for tips to plan out an even more successful 2015, then keep reading!

Time to Reflect

Let’s take a step back and a look in the mirror. Have an honest evaluation with yourself, and ask yourself if you accomplished the goals you initially set for the year. Where did you fall short, and how can you improve it?

Unfortunately, the vast majority of people fail to achieve their goals; one study that tracked over 3,000 people who set goals for various things (losing weight, working out, stop smoking) found that at the end of the year, 88% had failed to reach their goals. I am not telling you this to discourage or scare you, but rather to set the stage for how important goal setting is and the mindset that comes with it.

I would wager what separates those who look back on the year with a sense of pride and accomplishment from those with a bit of regret and sadness boils down to a three step process.

Ask Yourself  These 3 Questions

1. Did you have a clear plan to pave the way for success?

2. Did you execute this plan?

The best battle plan executed by a master strategist will do you no good if there is no willpower, hard work and passion put in to execute it. Did you have a clear plan, and did you put every ounce of passion and energy into that plan to execute it?

Related: 5 New Years Resolutions for My Business

3. And lastly, did you have any habits or behaviors that held you back from pursing your goals?

These don’t have to be incredibly obvious. A common one that I see is we as people tend to confine ourselves to our own imagined limitations. This is a bit of an aside, but it leads me to a story that helped to open my eyes and continues to help motivate me. So hear it goes…

The Elephant and the Rope

I don’t think I can say it any better than this image right here, so please take a moment to read it and take it all in.  And think to yourself if there has been any “rope” in your past that is holding you back.

before3

Establish a Success Mindset

It’s what I refer to as the rule of the universe: we tend to get the results we expect. So expect success!

Sometimes it can be really hard to get momentum going. It can feel like you’re pushing a boulder up a steep incline. Keep pushing through because you eventually will start to build momentum. And once you have that momentum, bottle it, feed off it and use that to inspire you and keep you going and push harder to build even more momentum.

Devising a Plan

I am a big believer in setting goals, but you must plan to execute them. When we as people are confronted with large, daunting problems, we have a tendency to freeze and become overwhelmed. Instead, try and take a look at the problem from a 40,000 ft view first. What are the major objectives that you are trying to accomplish? Then, start to break the project down into small, manageable pieces.

Related: Quit Making New Year’s Resolutions

This can be applied to anything, whether you’re trying to acquire your first rental property or you are looking to flip 50 homes next year. Whatever it is, think logically and analytically, and try to break everything down into modular pieces that, when executed in succession, will lead to the achievement of your goals in the New Year.

What is Your “Why”?

Above all, have a strong “why.” What is it that keeps you motivated? Are you trying to improve your quality of life or provide better for your family? The stronger your “why” is, the less likely you are to be set back when you run into roadblocks. Think of what that is for you, harness it and use that to break through any obstacles you will face in 2015.

Setting the Stage for the New Year

You can set goals and fall short; that’s ok — the important thing is you keep going. Keep pushing yourself and continue to operate out of your comfort zone, find your “why” and the burning desire for success within you, and have a successful 2015!

Whatever your evaluation was of this year, think big for next year. If you accomplished your goals this year, great! Set some new goals and think bigger. If you are struggling, hang in there and keep at it — make 2015 the year you accomplish your goals. Keep your head down and push through it. One day sooner than you will realize, you will look up and the reality around you will have changed for the better.

Wishing you the best of success in your life and real estate business in the New Year.
Chris Feltus

What steps are you taking for a successful real estate year in 2015?

Let me know in the comments below!

Chris is an active real estate investor who buys and flips houses in the Dallas real estate market. He enjoys helping others along on their journey. I...
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    Obdia Whitmore Investor from Chicago, Illinois
    Replied over 5 years ago
    One thing I am working on is having a stronger fico score. My plan is to try and get ad much business financing possible to fund my real estate deals.
    Sean T. Rental Property Investor from MA
    Replied over 5 years ago
    Great Article! TY!
    Chris Feltus Residential Real Estate Agent from Fort Worth , Texas
    Replied over 5 years ago
    Thank you Sean, much appreciated!
    Frankie Woods Investor from Albuquerque, NM
    Replied over 5 years ago
    That elephant analogy was so perfect! Excellent article, thanks!
    Chris Feltus Residential Real Estate Agent from Fort Worth , Texas
    Replied over 5 years ago
    Yes its a great analogy Frankie. Anytime that I doubt my own ability to grow or tackle new challenges I think about this story and past success and other times in my past where I had struggled, doubted my own abilities, but continued to push through anyways and succeeded.
    Maryanne Torres from Pasadena, Texas
    Replied over 5 years ago
    i started following you recently on facebook, and just reading some of your post here on biggerpockets, is so inspiring.Its great information to soak in. Its just the whole starting process. But Im trying my best to regain confidence, and try this again, ( with no support of course). I want to succeed for my 3 boys as I am a single mother who’s always struggled to get ahead. So with that being said, I will go into 2015 with a more positive attitude and hope for a better future. Great elephant story.
    Chris Feltus Residential Real Estate Agent from Fort Worth , Texas
    Replied over 5 years ago
    Hey Maryanne, thanks for sharing your story with us. I am really pleased to hear that my messages and articles have been resonating with you and motivational. That’s what I am here for, I can remember what it was like to start from the bottom in this industry and it can be tough sometimes. But the results are worth it, hang in there and may you have a 2015 that is successful beyond your wildest imagination. One thing that I wanted to add. Have you considered becoming a real estate agent? In many markets I would say its much easier being an agent and building a business doing that than it is wholesaling houses. Contrary to popular belief, when you are new and just getting started, you can do it part time and gradually build it into a full time business. Being an agent also greatly helps when you start to move into other things such as renting out houses or flipping them, so either way one day you will probably eventually want your license.
    Jason McKenna from Joliet, Illinois
    Replied over 5 years ago
    Once again great post Chris. Loved the analogy with the elephants, it really highlights the power of thought.
    Chris Feltus Residential Real Estate Agent from Fort Worth , Texas
    Replied over 5 years ago
    Yes the power of thought I think is one of the most important factors to be successful. When you have a success based mindset it helps you become optimistic. Because lets face it the real world will hit, problems will come up, things will go the opposite of what you anticipated. And when it gets tough, if you don’t already have a success based mindset, it becomes very easy to just give up. And I don’t want that for any of you guys. And I think its one of the reasons I was able to overcome tough times in my own business when I was first starting out, so I wanted to share it with everyone here. Have a great 2015, thanks Jason!
    Michael Reilly from San Diego, California
    Replied over 5 years ago
    Great Content Chris! Took down some bullet points here and I going to implement them into our meeting for our 2015 goals.
    Chris Feltus Residential Real Estate Agent from Fort Worth , Texas
    Replied over 5 years ago
    Hey Michael, thank you for the kind words much appreciated. Very happy to hear you were able to extract some actionable tips for the new year from this post. I hope the tips you implement help lead you towards a very successful 2015. Thanks again.
    Dan Mortimer Real Estate Agent from Saratoga Springs, Utah
    Replied over 5 years ago
    Really good stuff here. As someone just getting going, goal-setting is a huge part of my process right now. Here’s to reaching new heights in the year to come and building a brighter future!
    Chris Feltus Residential Real Estate Agent from Fort Worth , Texas
    Replied over 5 years ago
    Hey Dan, that’s the right attitude! Yes, setting goals is very important I think to make progress in any aspect of life whether its a personal ambition or business related. I think your 2015 looks very bright indeed!
    George Krischke
    Replied over 5 years ago
    Excellent message and great elephant story. Thank you for sharing.
    Chris Feltus Residential Real Estate Agent from Fort Worth , Texas
    Replied over 5 years ago
    Hey George, no problem. Thanks for taking the time to stop by.
    George Krischke
    Replied over 5 years ago
    Excellent message and great elephant story. Thank you for sharing.