Real estate investing can seem overwhelming. The rewards can be great, so it’s worth considering to grow your wealth, develop as a person, and have a great time while doing it.
Here are the steps to the process:
Determine your “Why”
Figure out where you are now financially and personally, you may be surprised that you qualify for more than you think or can use strategies to increase the mortgage amount you are approved for
Include your partner in the process (how much so can vary)
Consult with experts including Mortgage Agents, Realtors, Coaches, other investors, Financial Advisors, Lawyers, Accountants, and Property Managers
Work backwards – from the end goal to the first steps
Choose your strategy: buy and hold, flip, short-term rental, etc.
Choose your location to invest
Use tools to conquer the fears and emotions you will encounter on this journey (Like “The Work” by Byron Katie or visualizations from “The Tools; 5 tools to help you find courage, creativity, and willpower – and inspire you to live life in forward motion” by Phil Stutz and Barry Michaels
Hang out with those who are also investing and will cheer you on (find your tribe)
Evaluate your plan often and change course as needed