I enjoy goal threads. They are very self motivating. To help, I print out my goals and tape them up next to my computer.
Big Goal: Ready to flip my first residential property(as in narrowing down the property)
Steps to achieve my goal:
1. Determine method, by continued research into different systems of flipping properties.
2. I don't feel I even have a 1/100 the knowledge I need, so I will read the following books suggested.
Flipping properties:Robert Dahlstrom, William Bronchick
How to pick up foreclosures: Wade Cook
The Pre-Foreclosure Handbook: Frankie Orlando
Small Goals:
-Every time I come across a real estate term I don't know, I will be writing it down to look up later. I purchased a real estate dictionary to help. I also have wiki search at my disposal.
-Take my foot of the brakes. I am a very cautious learner.
Time to take a look at what goals I accomplished.
-I read all 3 books suggested. I understand much more in RE then I did before, but my experience is lacking.
-I have looked up most terms I don't know. Thankfully many terms are becoming familiar to me now.
-I haven't narrowed down an investment property yet. Talked to a lawyer and may have to change how I plan on investing in RE. It seems the pre-foreclosure market in Colorado has become very touchy with new state laws. I plan on having a sit down with an attorney to discuss my options.
-My foot is still on the brakes, but its getting better.
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