Day 2: Pre Qualified!! Now What?

Good Morning...

Each day starts with a Sunrise and end with a Sunset, what happens in-between is up to you!

DAY 2: GOAL SETTING

Today you need to take roughly 30 minutes out of your "BUSY DAY" to write down your Real Estate Investment Goals.

I highly recommend that you grab a journal and pen and write on the cover page "REAL ESTATE INVESTING LOG" This is important because we are going to start to hold ourselves accountable by writing down what we want and how to get there.

On page 2 of your journal you are going to title the page GOALS. Now when creating your goal list we need to create 2 columns, Left (long term), Right (Short Term). Why are we doing this? (Because we need to visually control our dreams by writing them down and marking them off as we go). Creating a Left and Right Goal List will enable us to build the bridges between our Long term Goals and Short term Goals to ensure that we Finish and also have a clear path from start to finish. ( the only way we will fail is if we do not put our own planse into Action)  

LEFT SIDE

I want the Left side to be your Long term DREAM GOALS where you will create a list of achievements you would ultimately like to achieve over the course on the next 5-10 years.

• Number of properties own
• Rental Revenue per month/year
• ect....

RIGHT SIDE

Now the Right Side is goal to be your realistic goals that you want for your First Investment Property! (lets be honest, 99.9% of the time you are not going to become Financially Free from your 1st investment property) That being said your Right Goals should be something like:

• Spend less than 5k on cash to close
• Rent for minimum of 15% more than mortgage payment 
• Duplex/SFR/Condo/Town Home
• Break even
• ect....

Now that you have created your Real Estate Investors Goals, its time to Take Action!! 

 Tomorrow we will get started on our path to Financial Freedom!!