Real Estate Investing and Goal Setting

What is the primary reason for success most people have that seems to elude unsuccessful people? Goal setting is the primary reason for success. Lack of proper planning is the number one reason for failure. Proper goal setting involves setting a business plan in place for your life. Too many people this doesn?t sound fun or sounds tedious. In practice though, goal setters have more time freedom, more money, and more success in all areas of their lives than those who don?t. Well it?s no different with real estate investing.

Real Estate Investing must be treated as a business and it requires planning that anyone can do. Much like an airplane pilot who goes through a pre-flight checklist, the real estate investor must go through many steps for every real estate deal. You must market to find the deal, do your research on the property to establish a value, have your contracts ready, make your offer, schedule a closing, have title work done, prepare your financing, get property insurance, etc. The reason the doers make money is because so many people aren?t ready to make money. Real estate investing seems like pie in the sky until you put your plan down on paper and it starts to crystallize. The planning process itself should give you renewed energy.

Before I daily setup my plan I didn?t want to get out of bed each day, but now I get up ready to work on knocking out my plan every day. Set your plan up into baby steps that you can review and knock out every single day. Your daily plan must include marketing to get motivated sellers to contact you. Regardless of the deals you have in the works, if your marketing stops, you will go through long dry spells. Even with consistent marketing you will have periods with few leads and periods where you are just swamped with sellers offering you great deals.

Constant daily review of your goals is critical. This is why so many suggest taping your goals on your bathroom mirror so you see it when you wake up and again before you go to bed. You can even buy giant poster sized post it notes that you can write your goals on and stick them on your wall. Reviewing your goals before going to sleep at night causes your brain to dream about your goals and program them into memory. So put your goals down on paper and start putting your real estate investing plan into action.

Posted by Rick Baker on December 13, 2008 at 12:00 AM

About Rick Baker
Rick Baker is affliated with Long & Foster Realtors, which is located in Hagerstown, MD. For further assistance please use the contact information located on the right.

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Local Information for Hagerstown, MD

Latitude: 39.642771 -- Longitude: -77.719954

ZIP Codes for Hagerstown, Maryland	21740 21741 21742 21746 21747 21748 21749
Area Code for Hagerstown, Maryland	301
Time zone for Hagerstown, Maryland	EST

Other Area Cities: Williamsport, MD Frederick, MD Greencastle, PA Halfway, MD Hagerstown, MD

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Hagerstown is a city in Washington County, Maryland, United States. The population was 36,687 at the 2000 census. It is the county seat of Washington CountyGR6. It is a city on the edge of the Baltimore-Washington Metropolitan Area. It is known as the "Hub City," due to the large number of roads and other transit that cross the city. These include but are not limited to Interstate 81, Interstate 70, U.S. Route 11, U.S. Route 40, and the Western Maryland Railroad. It is home to the Hagerstown Roundhouse Museum as well. Hagerstown was founded in 1762 by Jonathan Hager, a volunteer Captain of Scouts during the French and Indian War. Hager has been called the "Father of Washington County" due to his having laid the groundwork for its separation from Frederick County in 1776 and the subsequent creation of Hagerstown as County Seat. -- Source: Wikipedia.com

Maryland 2000 Census Population Profile Map

	Hagerstown	Maryland	United States
Population	36,687	5,296,486	281,421,906
Median age	34.8	36	35.3
Median age for Male	33.5	34.9	34
Median age for Female	36	37	36.5
Households	15,849	1,980,859	105,480,101
Household population	35,858	5,162,430	273,643,273
Average household size	2.26	2.61	2.59
Families	9,086	1,359,318	71,787,347
Average family size	2.93	3.13	3.14
Housing units	17,089	2,145,283	115,904,641
Occupied units	15,849	1,980,859	105,480,101
Vacant units	1,240	164,424	10,424,540

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Real Estate Investing and Goal Setting

Local Information for Hagerstown, MD

Latitude: 39.642771 -- Longitude: -77.719954

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