Setting Goals & Planning Your New Year with Joe Thompson on January 28, 2016Posted on January 18, 2016 by
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This month on Thursday, January 28th at 11:30AM at the 5 Seasons Brewing located at 5600 Roswell Rd, Joe Thompson will be talking about getting your year started off the right way with setting goals and making a plan to execute. Join us on Thursday, January 28th at 11:30AM!
The First Step Every Plan Needs to take a step. Did we really just say a plan needs to take a step? It does not even have legs! Well, the plan needs to take the step – the question that you should be asking is “in what direction?” It is not surprising to hear that most new business fail in the first year. Why is that? With any endeavor if you do not know where you are going, how can you get there? You must establish a destination and your plan needs to move in that direction.
If you stop and think about a destination and take the time to print out a map and chart a course, your chances of success are going to be far greater. You just need a good map and someone who knows the roads – like Atlanta REIA. Before we get to the map, let’s discuss destinations: If you are going to start a real estate business, what is your revenue goal for year one? What is your five year plan? What is your projected gross margin? What does it take to make a profit in your business?
If you are going to become a full time Real Estate Investor, which of the vast number of strategies, techniques and systems are you going to be using? How many deals do you plan to close each month? What are your exit strategies?
If you, like the rest of us here are going to profit from this current real estate market, what are you going to focus your attention on? Short sales, foreclosures, flips, rehab’s, rentals, lease purchase, notes, mobile homes, multi family, commercial, etc, etc? Do you have sufficient funds to do the type of deals you are going to target? If rental property is your goal, how many rentals do you plan to acquire and over what period of time?
Whatever you destination, a plan of attack and a step by step, turn by turn map of how to get there is what you need. You need to make sure your route is sound and that you take the best roads – that you use the best vehicle to minimize costs, save on taxes and protect yourself from the others out there.
The Atlanta REIA Commercial & Multi-Family Real Estate Group is an educational, networking and call to action subgroup, led by Steve Brown and Bill Ham that is designed to help real estate investors take their investments to the next level by successfully investing in commercial real estate. You will meet the experts and the behind the scenes players in the game of commercial real estate investing. Come join us and learn to invest in commercial real estate for fun and extreme profits.
The group meets on the 4th Thursday of each month from 11:30 AM to 1:00 PM at the 5 Seasons Brewing located at 5600 Roswell Rd (map). Please note that the Commercial & Multi-Family Real Estate Group meets just prior to the Have’s and Wants Meeting which is from 1:30 PM until 3:30 PM. So please come enjoy both of these back to back meetings and get the most out of your day!