Have you set winning New Year’s resolutions to help keep you focused and growing your real estate investment business in 2013 yet?
Many real estate investors may have given up on some of the staple New Year’s resolutions from quitting smoking to eating better to getting more exercise but that doesn’t mean you can’t set great resolutions for your real estate investing venture that will stick.
7 Resolutions All Investors Need to Have:
1. Keep Eyes on the Big Picture
It’s all too easy to get distracted by the chaos and media hype. Don’t let anything throw you off your game this year and make sure you use your big picture goals as the guide to all of your decision making.
2. Demand a Higher ROI
While the money may be coming in fast and furious there is no excuse for not demanding a higher ROI from every penny. This doesn’t mean being cheap, it means making sure you are getting the most out of everything you do from marketing to staffing to the properties you pick to flip.
3. Make 10 New Contacts Each Day
Your real estate investing success in 2013 is directly related to how many new contacts you make each day. New contacts a day means 300 new leads or referral sources a month.
4. Don’t Sacrifice Smart Investment Principals
No matter how appetizing the deal ‘promises’ to be or how bullet proof the market appears to be don’t cave in and neglect sound investment principals unless you have money to throw away.
5. Build a Scalable Business
2013 is shaping up to be one of the best years for real estate investing ever but that doesn’t mean you can afford to get sloppy. Build a scalable business which is flexible enough to survive and thrive in any market.
6. Give Back
With great success and wealth comes a great responsibility to help others. What are your plans for giving back in the next 12 months?
7. Get Coaching
No matter whether you are brand new to flipping houses or you are a veteran with 10 years and a 100 plus flips under your belt coaching can help you take your real estate investing business to a whole new level and help you avoid the pitfalls that lay ahead.