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Jason MalabutePoster
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Setting goals
Jason MalabutePoster
#2 Tax, SDIRAs & Cost Segregation Contributor
Tax & Financial Services
Pro Member
#2 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- Los Angeles, CA
I just realized how important setting goals are in real estate. I have been listening to an audiobook and i learned that my goals must be as specific as possible. I am 27 years old. I have been telling myself that I want to buy a multi family home for several years. However, the fear of failure has stopped me from proceeding until my now:
Here are my goals.:
1. By June decide if inglewood/Hawthorne is a good investment area or consider location
2. Determine how much monthly rental income I need to be financially free by June 20
3. Create projected financial statements showing projected NOI by end of July
4. Talk to realtor by September
5. Make offer by that is based on property's operating income by October or November
7. Purchase property before my bday
How much more specific should my goals be?
Thank you
- Jason Malabute
Malabute & Company CPAs
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Maybe add one along the lines of "Save up and have $20k cash by June 30"