Kickstart Your Project with an Oregon Hard Money Loan
There are many ways to invest in real estate.
From house flipping to rentals, multi-family properties to commercial investments, there’s a type of real estate to suit every interest, skill-set, and experience level.
Whatever your niche as an investor, it pays – literally – to have clear goals.
Without set objectives, it’s easy to become mired down by the many challenges, demands, and opportunities the industry presents.
The most successful real estate investors plan ahead and stay focused on long-term goals – especially in highly competitive markets like Oregon. How do they do it?
Follow these five steps to investment success from the Forbes Real Estate Council:
How to Set Goals for Success in Real Estate Investing
As you consider your investment goals, make them:
1. Specific: The more detailed you are about goals (type and location of investment property, timeline, anticipated ROI), the easier it will be to stay on track.
2. Measurable: Mark – and celebrate – project milestones and successes by setting specific benchmarks (dates, numbers).
3. Attainable: Know your market, resources, and experience level, then set reasonable goals that are within your control.
4. Realistic: Like attainable goals, keep a sense of what’s truly possible and you’ll be better able to avoid burnout or project failure.
5. Timed: Whether working solo or as part of an investment team, timed goals are important to keeping forward momentum with any project.
Use these five simple goal-setting tips to begin your investment journey.
Clear, well-defined goals are an important foundation of any real estate venture. Once your objectives are established, a strategic investment plan is essential to achieving them and building long-term wealth.
Our Oregon Hard Money Loan Team will Assist in Your Financial Goals
In real estate and financing, timing or credit factors may not always align with your investment plans. The Gregory M. Russell hard money lending team offers fast, flexible funding solutions for investors throughout Oregon when traditional loans aren’t an option. With sufficient available equity, we can help make your investment goals a reality. Call us today at 1-888-477-0444 and take a step towards success!