How To Dream, Plan and Achieve Your Real Estate Goals

So you want to become a real estate investor or owner? Or perhaps you’ve been investing and just want to take it to the next level. Double or triple your income…or even, leave your daytime job! The idea itself seems scary and daunting. Oftentimes, most people just stop there, overwhelmed and paralyzed with the sheer monstrosity of the answer to the question, “How do I accomplish this?”

So, what’s the BIG SECRET to achieving your dreams? How are some people able to make the leap and figure it all out, while others stop before even starting?

The answer is actually pretty simple.

1. SET GOALS.

The first step is to define what you it is you want to achieve. There are two important processes of this first step. One, you must MAKE YOUR GOALS SPECIFIC. Take your time with this process as it helps clarify in your mind what it is you want and do not want. Don’t just say ‘I want to start investing in real estate’; that’s too vague. A good goal would be “I want to purchase my family home in twelve months.” I also encourage you when thinking about goals, to expand outside of just the work, financial or investing space, and set goals that deal with your entire life – family/relationship goals, personal achievements and the often overlooked category for many people, your health. Second, you must WRITE YOUR GOALS DOWN. Writing your goals down will help to seal in your mind and consciousness exactly what it is you want. Plus, it’s just fun to look back and see your progress!

2. BREAK DOWN GOALS INTO SMALLER PLANS AND ACTIONABLE TASKS.

This step is the longest process and perhaps the most important, as I rarely try to figure it all out in one setting. That would be like me trying to sit down for dinner and I’ve been served a whale on my plate. I take my time with this process. I first start with just creating Action Steps for each goal, which are smaller projects that must be completed and may take some time figuring out. I create a project plan for each goal by LISTING THE MAJOR ACTION STEPS THAT MUST BE COMPLETED AND WHEN. For longer term projects, rather than setting a specific due date for each action step, I designate an entire month that I must have that action step figured out.

Then at the start of each month, I break each action step into smaller tasks and determine which week I’m going to tackle it. I prefer using weekly calendars with a Monday start date, which helps me to view what is due and plan and view an entire week on two pages. I spend maybe 5 – 10 minutes each Sunday evening planning my week, and refer to it every day and make adjustments throughout the week as my schedule changes.

3. TAKE CONSISTENT ACTION.

This, my friends, is the secret sauce. The glue that makes it all happen! Take consistent action each and every week, even if it’s small. You will be surprised at how much you accomplish after a month of consistent action and before you know it, you will have accomplished your goal! By having ‘small wins’ each week, you’ll be more motivated to press on, rather than tackling a huge action step all at once, not accomplishing it and getting demotivated. Remember the story of the tortoise and the hare? We all know who wins the race. Be the tortoise!

4. CONTACT YOUR MORTGAGE BROKER.

Yeah i know what you are thinking. This, my friends, is very important. Don't claim to know it all. Contacting your mortgage broker helps you in so many ways.

" Late 2017 we started a mortgage brokerage department with the aim of connecting families (hard working Nigerians) to their HOMES. By the end of 2017, less than 90days to be precise, we successfully brokered 11 mortgage deals valued at #280M."

A mortgage broker helps you in the following ways (to mention a few):

Saves You The Legwork

 Mortgage brokers have regular contact with a wide variety of lenders, some of whom you may not even know about. A broker also can steer you away from certain lenders with onerous payment terms buried in their mortgage contracts.

Brokers Have More Access

 Some lenders (Mortgage Banks) work exclusively with mortgage brokers and rely on them to be the gatekeepers to bring them suitable clients. You may not be able to call some lenders up directly to get a retail mortgage. Brokers may also be able to get special rates from lenders due to the volume of business generated that might be lower than you can get on your own.

You May Save Some Fees

 Several different types of fees can be involved in taking on a new mortgage or working with a new lender, including origination fees, application fees, and appraisal fees. In some cases, mortgage brokers may be able to get lenders to waive some or all of these fees which can save you hundreds to thousands of whatever currency you use (Naira. Dollars. Pounds. Euro. etc)

Talk to me today. #ImpossibleIsNothing

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