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Path to Purchase Step 1

Setting Your Goals

Investing in real estate is like going on a long hike to an awe-inspiring outlook. When you hike, you probably need a map (unless you want to get lost or injured). This is why as real estate investors, we need to establish goals and accountability trackers for our investments, our teams, and ourselves. If you’ve never owned a rental property before, you may not know what the best goals are or which are worth tracking at all.

Resources in this step:

Education

What’s most important? Is it unit count, cash flow, diversification, or any of the many other factors? For most real estate investors, this answer is very personal to not only their investing goals but their overall financial goals. You may not want to choose the same goals as your real estate hero, since choosing goals that fit around your expertise, investments, and lifestyle is crucial.

FREE WEBINAR

How to Buy Your First Property in the Next 90 Days

Brandon Turner, host of the BiggerPockets Real Estate Podcast, shares his tips on setting goals and tackling the core steps of real estate investing.

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Forums

Consult the community

step 1 goals accounting

Books