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Real Estate Investing - How to Coach Yourself
from: D. S. PeterReal Estate Investing - How to Coach Yourself Author: D. S. Peter
Some people are not in a position to work with a coach right
now. Some are stretched financially, while some are still using
the "lone ranger" method. Other people might be uncertain about
trying something new. So here is a brief, simple process you can
apply to your own situation i.e. "coach" yourself!
1. Clarify your goal Some of us are not moving forward simply
because we have not set a goal that inspires us! Make it
specific e.g. I will by one property by December 10. And you can
stretch yourself, but keep it realistic. If you're blocked,
schedule creative time to play with ideas. Ask someone who is
where you want to be for advice.
2. Plan What overall strategy(s) will you use? For example, to
buy residential properties will your strategy be area specific,
fixer uppers, foreclosures, price range, or a combination? To
increase profit will you increase your knowledge (to learn more
on real estate investing
http://www.buying-investment-property.info and
http://www.realestate-investinginfo.com ), switch your real
estate investing area or even state, network, or improve
performance. For this stage you will also set your milestones to
achieve along the way, with deadlines attached (say every 2-4
months). Also list the tasks to achieve along the way in between
milestones.
3. Action Once you have the overall plan in place, it's time to
get down to specific action. You might like to list the action
steps you will take in the next week, or the next 30 days. When
you have completed these actions, it's time to evaluate, and
write the next list of action steps.
4. Self check Having an idea, or desire is one thing. But many
of these do not get achieved. This is probably one reason you
are reading this article - because there is something in your
life you would like to achieve or change, but it hasn't happened
yet. Change rarely occurs without "action". If you want to be a
real estate investor, surround yourself with real estate
investors. Talk a friend into doing your goal with you. Set
constant diary reminders for the next month, and/or encouraging
visual displays on the wall. Announcing your commitment to the
world (all your friends) is also a great method to achieve your
goal. And if you're really serious about your goal, it's hard to
find anything more motivating than doing one successful deal.
Learning is a lifetime journey.
Good luck! Copyright © D. S. Peter This article can be published
by anyone as long as the reference box remains intact and all
links are kept live.
About the author:
Copyright © D. S. Peter is a successful real estate investor for
over 14 years.
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