In real estate investing there are so many different strategies that you could use to build your wealth. However, every strategy out there may not be the best suited for you.
Here are two simple ways to figure out what will work best for YOU.
1) Ask yourself “how much time do I have available?”
The answer to this one question alone will help you weed out many of the strategies that some investors may be proclaiming as the best place to be, but it may not be for you. For example, if you know that you are running a business that requires 60 hours a week of your time and focus, then it’s probably not a good idea to buy an investment property that will requires a lot of repairs before you can rent it or sell it.
2) Ask yourself, “what are my short-term and long-term goals for my investments?”
Take the time to determine your goals for the investments you want to make, AHEAD of finding an opportunity. You will more quickly and easily recognize a DISTRACTION from a real OPPORTUNITY that will move you closer to your goals. Maybe you have a goal to make an extra $1,000 or $2,000 a month without having to work significantly more hours to make it happen. If that’s the case, then you want to look at properties that have the ability to create passive income for you, easily and consistently. Whatever that goal is for you, make sure that the opportunities you look at will move you closer to it.
Take a few minutes now to think about the amount of time you want to spend on your real estate investments and what are your short-term and long-term goals that will keep you motivated and moving forward.
Wishing you success and wealth,
Now, if you’re just starting out and trying to build a portfolio of cash flow generating residential properties, then follow a step-by-step system that feels authentic and is easy to follow. The Real Estate Financial Freedom SystemTM coaching programs offer a comprehensive, easy, step-by-step method to investing in residential real estate that will generate monthly cash flow to build wealth. Join our upcoming Real Estate Financial Freedom Virtual Bootcamp to get started on the fast track or take advantage of private coaching options at Real Estate Coaching.
© 2012 Real Estate Financial Freedom LLC
Jewell Staley created the Real Estate Financial Freedom SystemTM to guide her clients step-by-step to building passive income with real estate, in a fraction of the time they would on their own, without losing their shirt.
To get your FREE Audio “How to Replace Your Paycheck with Passive Income from Real Estate” and weekly timely tips to get started investing, visit www.JewellStaley.com.