Ready to grow this year? Take a look at these great goals for inspiration.
Real estate is one of the most trusted investments you can make; it is one of the best ways to preserve your wealth. If you are a real estate investor or want to dip your toes in the water (or plunge right in,) these New Year resolutions for real estate investors can help you set some positive and realistic goals now and every January 1st.
Grow Your Network
The more people you have in your real estate investing contacts, the better. The more advisors, real estate investing fellows, real estate agents, etc., who you can contact, the richer your community is and the more you can thrive and help others thrive.
Keep Learning
Set a goal to learn more about real estate investing. You could do this in a general or a measurable way. For example, you can attend a convention, find a mentor, or schedule consistent research on your own time. Why not all of the above?
Cultivate Your Team
Real estate investors never work alone. You have a team around you to help you with finding and transacting sales, bookkeeping, accounting, collecting rent, and managing properties. Think of new ways to make your team stronger and more efficient. You could also have a goal to scale up your business by hiring someone to help with a secondary task.
Grow Your Net Cash Income
The goal is usually to grow. No one wants to make less than they did before. Business growth is generally healthy. One New Year resolution for real estate investors is to grow your net cash income from real estate investments by a set percentage, such as 5% or 10%.
Give Back to Your Community
All of these New Year resolutions for real estate investors center around growth. The ultimate goal is to grow the yields of your investments. However, there’s another way to thrive: giving. Giving what is on your heart to give to those who need it is an even greater reward than gaining. This year, consider how you want to give of your profits to your community.
Trust the Professionals at Clagett Enterprises for Your Realty Needs
If you’re looking for an experienced property management company, the perfect realtor for your property, or a professional to assist you during your purchase of any home, you can rely on Clagett Enterprises. Clagett Enterprises is a full-service real estate company with almost 30 years of experience in the Frederick and Western Maryland area. For assistance with commercial sales, leasing, management, and development and consulting, contact us online or give us a call at 301-665-6009. To meet our team and see some of our beautiful homes, follow us on Facebook and Linkedin.