Running Start! 90 Days of Intention - A Case Study: Day 0

Alright, so I cheated a bit.  If you've been reading the blog, you've realized that I've already completed my Vision, Goals and SuperSix Action Plan.  I technically did this before starting the 90 days but we'll just consider it a running start!

The Hustle is On!

When it comes to goal setting there are process and outcome goals.  Process goals are focused on metrics of the process to achieve a result.  An example would be "analyze 1 deal a day".  Outcome goals are focused on the ultimate result that you want.  I thought long and hard about whether to set a process goal or outcome goal.  I decided that process goals are better suited for daily/weekly goals but my overall goal should be an outcome goal.

So the 90 day goal has been set:

Assign at least 1 wholesaling deal that will result in a check of at least $2000.

I've left a lot of wiggle room in the upward direction with this goal.  I think it's enough of a stretch given the current COVID situation.  The intent with this first deal isn't to retire off of the income but merely learn as much as I can and build systems to enable me to scale.  I also don't think it's reasonable to CLOSE a deal in the next 90 days (I'm anticipating longer than normal closing periods and extended contingencies).  Therefore I've just set the goal to ASSIGN the contract.

With all that said, here's my weekly run down.

WHAT I'VE DONE:

• - Created my Vision
• - Set my Goals
• - Established my SuperSix
• - Bought books/wholesaling learning materials
• - Started my 90 Days of Intention Journal
• - Blogged and posted in the BP Forums
• - Created an MLS auto-email filter with a local RE agent

WHAT I WILL DO THIS WEEK:

• - Determine my ideal target property criteria
• - Research and select my top 3 lead generation strategies
• - Continue blogging and posting in the forums
• - Read at least 5 hours and listen to at least 5 podcasts on wholesaling

WHAT I'VE LEARNED:

• - Deliberate scheduling of tasks has been really helpful this past week.  I'm going to continue using my google calendar to schedule tasks
• - BP Forums are super useful as long as I'm able to filter out the inexperienced investor and internet trolls
• - I learned a few new strategies for creating a deal.  If you can control either the price or the terms, you can create a deal.

QUESTIONS/ISSUES:

• - There's a potential that I could be traveling for my W-2 job as soon as the end of May.  This limits me in my options for lead generation.
  
• - I need to look into the demand from cash buyers to purchase properties right now given the COVID uncertainty.  A forum post should help with this.

Well that's all I've got for now.  Time to get going, my google calendar says it time to go FaceTime with family!

Thanks for reading and see you on the flip side!

Justin