Step 5

The last in the ‘planning’ phase, is making sure your goals are achievable….

After this we will move into the ‘set up’ phase, which looks at putting into action your plans, and the team you will need to help you do that.

Attainable goals…. Yes, there is nothing wrong with a massive, unrealistic goal, but, break it down into achievable goals.

The "aim for the stars" quote can be motivating, but in property investment, grounded goals are key. Reaching for the impossible with limited resources can lead to frustration and derail your journey.

Remember, building your portfolio is a marathon, not a sprint. It's better to set achievable targets that keep you motivated and moving forward.

Here's why realistic planning is crucial:

• It prevents discouragement: Setting goals beyond your current means can lead to missed targets and lost motivation.
• It fosters consistency: Realistic plans are easier to implement, making it more likely you'll stick to your commitment.
• It allows for adaptation: Life throws curveballs. Having a flexible plan lets you adjust and keep progressing.

If your timeline seems longer than you hoped, don't despair. Focus on that first property. The rental income and potential value appreciation can become powerful tools to accelerate your future purchases.

Think of it this way: "Phase one" is crucial, and often the hardest. But once you build that foundation, the rest of your journey becomes smoother.

If you do this part well, you will have a clear end goal, you will know what means you have to get there, and the time it will take. This is your framework to build upon.

In the next chapter, we will look into how to bring your plan to life, step by step. Remember, realistic goals paired with actionable steps are the recipe for sustainable success in property investment.