‘Plan Posts’ Archives
Should I Change My Business Plan?
A question I get asked a lot is whether or not you should change your business plan or investment strategy once it is written. My answer is always, absolutely. It is very rare to find someone who hasn't changed it to some extent. When starting out in Real Estate Investing, you should always have a Business Plan. Your Business Plan will [...]
Who Is The Business Plan For?
When starting out in Real Estate Investing, you should always have a plan. Having a Business Plan is the third step of my book, 7 Steps To Real Estate Riches. People ask me why they need a plan and who is it for. A Business Plan is for you and your team. It helps you think through the whole process. It really prepares you. The main reason you [...]
How Much Money Do You Want To Make?
Lots and Lots Right? A lot of times when I ask people how much money they want to make in Real Estate Investing, I get a response like "lots and lots". Or sometimes they will say a million dollars or even millions of dollars. The problem with this response is that it is not specific enough and it might be too far of a stretch for you. [...]
Treat Your Business Like A Business
Plan Your Work & Work Your Plan. I wrote in an earlier post that the The Secret To Real Estate Investing is that you need a Business Plan. But that`s only the start. Here are a few things you need to do to run your Business like a Business. Develop a Business Plan - You need a Business plan to help you define where you [...]
Quit Your Job in Only 1 Year
It`s Easy When You Know How Probably the most common goal people have when they look at Real Estate Investing is to be able to "quit their job as soon as possible". They are sick and tired of the work they are doing or they don't want to put up with the day-to-day grind anymore. The biggest mistake they make is that they are looking for the [...]
Real Estate Investing – Still The Best Investment
... And Way Better Than The Stock Market If Real Estate Investing is still the best investment, then why are people still investing in the stock market or other investments. I think there are a number of reasons: 1) real estate investing is too much work; 2) people don`t want to take responsibility for their investments; 3) real estate [...]
The Secret to Real Estate Investing
Write A Business Plan. Real Estate Investing became a business for me when I started treating it like a business. And why not, it is a business. And just like any business, you need a Business Plan. A Business Plan is not just something you write to show to other people like your banker, investor, etc. A Business Plan is something you create [...]
Real Estate Investing Diversification
Don't put all of your eggs in one basket. Financial experts and financial planners will usually recommend some sort of diversification in your investment portfolio. As part of your financial freedom planning with real estate, I recommend diversification as well. Your real estate investment portfolio could contain some low risk and high [...]
Your Real Estate Investing Retirement Strategy
Diversify Your PortfolioI'm working with a lot of people who are looking at Real Estate Investing as their retirement strategy. They have lost a lot of money in the Stock Market and they don't trust their financial planners anymore. I talk to people who have watched their retirement fund slowly melt away because of bad investments. They got tired [...]
Transformaton, not Information
No More Real Estate Investing CoursesWhen I decided to develop the RISE Boot Camp Transformation Workshop, I was motivated to do something different. I had spent a lot of time and money going to many classes and information sessions on Real Estate Investing and associated topics. But I was changing. But not in a way that I wanted to. Sure, I was [...]
