{"id":146207,"date":"2023-02-02T10:22:09","date_gmt":"2023-02-02T17:22:09","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?page_id=146207"},"modified":"2023-11-03T13:25:55","modified_gmt":"2023-11-03T19:25:55","slug":"smarter","status":"publish","type":"page","link":"https:\/\/www.biggerpockets.com\/blog\/smarter","title":{"rendered":"SMARTER"},"content":{"rendered":"\n

Explore the seven SMARTER phases of real estate investing<\/mark><\/h2>\n\n\n\n
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\n Strategy Phase <\/span>\n
\n Now is the time to get crystal clear on why you’re investing and what your long-term goals are. This often overlooked step is actually the most important. Why? Strategy will determine how you should invest, from choosing market and property types to picking your ideal tenants and team. Let\u2019s ensure you chart a winning course! <\/span>\n <\/div>\n Learn more about the strategy phase <\/a>\n <\/div>\n <\/div>\n\n\n\n
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\n Market Phase <\/span>\n
\n After defining your strategy, it\u2019s time to find a strong investment market. This stage will help you decide whether to invest locally or long-distance. You\u2019ll also learn how to analyze markets based on your strategy and how to build a trusted team of local experts. Ready to go? <\/span>\n <\/div>\n Learn more about the market phase <\/a>\n <\/div>\n <\/div>\n\n\n\n
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\n Acquisition Phase <\/span>\n
\n What does it mean to acquire the perfect property? As SMARTER real estate investors will tell you, the \u201cbuy\u201d step is where money gets made! Successful acquisition means finding, analyzing, and funding the best deal for you. <\/span>\n <\/div>\n Learn more about the acquisition phase <\/a>\n <\/div>\n <\/div>\n\n\n\n
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\n Rehab\/Rent Phase <\/span>\n
\n Exploring next steps for your recently acquired property? Whether you\u2019re rehabbing, renting, or both, there\u2019s a lot to consider, including contractor selection, property management, and tenant placement. Let\u2019s dig into the ideal make-ready process and prepare your property for successful rent or retail. <\/span>\n <\/div>\n Learn more about the rehab\/rent phase <\/a>\n <\/div>\n <\/div>\n\n\n\n
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\n Tracking Phase <\/span>\n
\n It\u2019s time to talk about real estate asset tracking. To stay organized\u2014and on course towards your end goals\u2014you need the right system. Whether you\u2019re self-managing or working with a skilled property manager, find the best platform and tools for tracking your work orders, cash flow, expenses, and more. <\/span>\n <\/div>\n Learn more about the tracking phase <\/a>\n <\/div>\n <\/div>\n\n\n\n
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\n Exit Phase <\/span>\n
\n A successful exit or exchange is the direct result of an informed strategy. There\u2019s simply no other way to maximize your investment potential. When it\u2019s time to exchange, sell, or refinance your property, connect with experts who will help make your exit excellent. <\/span>\n <\/div>\n Learn more about the exit phase <\/a>\n <\/div>\n <\/div>\n\n\n\n
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\n Repeat Phase <\/span>\n
\n What does it take to rinse and repeat? To scale a portfolio, you\u2019ll want to repeat what\u2019s working, and learn from what\u2019s not. Sticking with this process takes big stamina and good resources. Learn how to evaluate your progress, scale your portfolio, and partner for long-term success, checking off REI goals as you go. <\/span>\n <\/div>\n Learn more about the repeat phase <\/a>\n <\/div>\n <\/div>\n\n\n\n
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