Commercial Real Estate Investment

Another commercial real estate investment tip from your hard money lenders at A to Z Capital.

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7 Questions to Help Make Your Financial or Real Estate Investing Goals Reality

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Real estate investing can take many forms. For some investors, it’s a side project—an investment they participate in while pursuing a career in a different industry.

For others, real estate investing is a business venture—an opportunity to create enough income to leave a day job and invest in real estate full time.

It seems like many BiggerPockets members are in the first camp but want to get to the second one as soon as possible. The key to making that (or anything else in your life) happen is setting clear goals.

When I first got started, my goal was to replace my active income by investing in real estate. At the time, I was a painting contractor. Personally, I just couldn’t see myself working in construction for the rest of my life. Plus, what if I got hurt? What if I was out of work for two months? Or worse, what if I could never work again?

It was around that same time that I began writing down my goals. I didn’t have a vision board, per se, but I would still write down development plans and property blueprints. I’d also post actual pictures of potential possessions where I would see them every day.

That said, it wasn’t until recently that I realized the power of having a vision for my life, or at least for the next few years. At my note company, one of our business coaches encouraged senior leadership to complete five- and 10-year vision plans for our lives inside and outside the business.

It may seem like a daunting task to plan that far ahead—after all, many of us don’t know what we’re doing next weekend, let alone five to 10 years from now. Still, there’s something very liberating about this exercise. And there are no “bad” visions. You can just take a pen to paper and write down whatever you want.

Also, remember that your goals and your vision will change as your priorities shift over time. You can always make revisions. For example, many investors gradually transition from being actively involved in their real estate portfolios in their 20s, 30s, and 40s, and eventually start to hand off active management—or even gradually liquidate and move their capital to more passive vehicles.

I’m definitely a guy who is moving from being more active to being more passive in my investing. My personal vision used to be that I would own and manage 100 houses. However, with all the maintenance and management challenges I’ve experienced as a property manager—especially compared with the ease of lending out private money and managing performing (paying) notes—my vision has changed to owning 100 notes instead.

7 Questions to Help You Create Your Vision

What about you? What are your goals? If you’re not sure where to start, here are a few questions to ask yourself to get the ball rolling.

  1. If you had no financial restraints, what would you do?
  2. Years from now, what do you want to be proud of?
  3. Do you want to invest in real estate as a side project or as a business?
  4. What is your “why” for investing in real estate?
  5. What kind of life do you want to design for yourself?
  6. When do you want to retire? What do you want your retirement to look like?
  7. If you want to replace your income, how will you do that?

Goal Setting Based on Your Vision

The further out you can envision, the better your plan will be.

After creating my personal vision, I found it much easier to work backwards and figure out how I was going to get there. My shorter-term goals began to make more sense, and everything had a clear direction.

At my business, we were able to incorporate the the senior leadership team’s vision plans into that of the company.

When it comes to personal goals, don’t just focus on finances or career. I think it’s important to think about the whole picture, including relationships, health, philanthropy, and personal development. And of course, let’s not forget recreation and free time.

Today, as I’m getting older, most of my personal goals focus more on sharing my experiences, serving and educating investors, and just generally helping others by giving back, than they do on monetary and materialistic types of goals.

My advice is to start with your vision. If you do, I bet your shorter-term goals will come to you.

Call A to Z Capital in Fort Lauderdale, Fl. to help you realize your long term goals. We can provide the capital funding you require to fund the commercial real estate investment you have located. A To Z Capital has been helping commercial real estate investors for years.

If you are a real estate investor looking to buy and hold or fix and flip (FixNFlip) we are a one stop Florida commercial and residential real estate investment lending source. A to Z Capital offers hard money investment lending loans which feature: no income verification, no documentation loans, or no asset verification with much lower interest rates than typical hard money loan lenders.

A to Z Capital services investment properties located anywhere in Florida specializing in residential and commercial real estate investment property opportunities. We specialize in the South Florida real estate investment properties which include: Broward, Miami-Dade, Palm Beach and Orange Counties, Florida. Towns include: Fort Lauderdale, Pompano Beach, Hollywood, Coral Springs, Pembroke Pines, Weston, Port Everglades, Davie, Coconut Creek, Deerfield Beach, Miami, Miami Beach, Miami Gardens, Coral Gables, Hialeah, Homestead, Doral, North Miami, Florida City, Aventura, Opa-Locka, West Palm Beach, Boca Raton, Palm Beach, Boynton Beach, Junipter, Delray Beach, Palm Beach Gardens, Wellington, Lake Worth, Belle Glade, Juno Beach, Orlando, Winter Park, Lake Buena Vista, Apopka, Winter Garden, Windermere, Ocoee, Bay Lake, Mailand, Oakland, Eatonville, and Key West, Florida.