Baby steps

Okay, so it was recommended to me to start a blog on BP as a way of tracking my daily activities and progress and to be held accountable to goals that I am setting.

My goal in the next 12 months is to..... well, I don't exactly know. So we will start smaller.

By the end of January, I will have completed one yellow-letter mailing, to my local area, of at least 500 targeted absentee homeowners or high-equity (>75%) homeowners, the goal being to bring in wholesaling leads.

By the end of December, I will have put my personal finances in order and on auto-pilot - minimizing the time I need to spend tracking that, freeing that time up to spend focusing on determining what aspect of REI I want to focus on.

This week:

Dec 8-12:

I will spend 5-10  minutes every morning monitoring my personal cash flow and the previous day's expenses, and planning what I will need to spend money on that day.

I will spend 10 minutes each morning on BP - 5 minutes reading (and possibly responding to) one wholesaling post, and 5 minutes reading (and possibly responding to) a post in the "Deals to be analyzed" forum - to start seeing what types of deals other people are doing.

If I was perfectly honest, my 12-month goal would be to quit my day job and be wholesaling enough to pay my expenses (while building that into a business system that could be worked by others) and be the proud owner of one rental property that cash-flowed at least $200 / month (preferably a few, with $1k/month cash flow).

I don't know how realistic that is. But really, does it matter? If you don't start out too big for your britches, how are you ever going to grow up to fill them??? Let's set the sights high and see what happens and how high we actually reach.

I'm sure that goals, methods, and plans will all change. But I just need to start somewhere, even if it's not quite the right direction - as Matt Theriault says in his podcast - "Travel as far as you can see, and when you get there, you'll see further."