What questions should I be asking myself when setting goals?

[Scott Burgett]

Hey I'm brand new to the community as of a week ago and working on setting goals for real estate. I realize it's very personal and depends on many factors, however I am a little lost on 'how' to get started. I'm seeking advice from those who have already built a portfolio or have a clear goal set out for real estate. My questions for you:

- What are 3-5 questions I should ask myself to help me determine my strategy and setting my goal(s)?

- Multifamily properties and/or extremely distressed properties seem to be where every 'wants' to get into because cash flow opportunities are highest. Is this true? Are turn key single-family homes played out?

- Currently, my 'intrigue' is pulling me towards buying properties to create cash flow. Ultimately creating another income stream for myself. Based on preliminary research, the market today makes that harder than ever. Is there a method that's showing more opportunity with the change in real estate over the past 2-3 years through COVID?

- Anything else you'd recommend that I am not asking? Any help in pointing me in the right direction or providing a little scope to narrow things down would be helpful. Thank you.

[Tristan Gardner]

1. What's your "why"? Why do I want to invest in real estate specifically? Try not to chase results such as "money"

2. What kind of real estate do you want to invest in? (single family homes, apartments, fake meta homes, office space, moon rocks, etc)

3. Do you want to chase cash flow up front or are you looking for appreciation over time? Remember it's a get-rich slow game overall.

4. What are your weaknesses? How can you make up for those (partnerships, acquire new skills)