Building a Mission and Vision for Real Estate Investment Strategy

[Brandon Reed]

Hey BP,

I'm new to RE investing and have been soaking up everything I can on how to get started! One thing I see consistently no matter where I look is the importance of establishing, from the outset, a solid mission and vision of what my ultimate goals are for RE investing.

That sounds great on the surface, but practically I'm having a lot of trouble actually mapping this out. Being new to investing in general, let alone RE investing, it's hard for me to know what are realistic goals to aspire to. I want to be ambitious in my goals, but also realistic in my understanding of what's possible to achieve. I don't mean that I want to set low goals, I just want to set goals that are attainable. Sure, I could say "I want to have a portfolio worth 5 million in 6 months", but I know that if I do that, I am setting myself for failure and disappointment.

So all that to say....my question is....with ALL of the outstanding questions on the table when someone is starting out, how am I to establish a mission, vision, or set of goals that are attainable and realistic for me and my family? I guess the question really is, how did you do it when you first got started? There are so many unknowns that I will learn more about as I get started. But until you reached that point in your experience, how did you set goals and know what strategies were appropriate as you began to strive towards achieving them?

Thanks so much for any help and insight, all!

[Julie Marquez]

@Brandon Reed Welcome to Bigger Pockets! Have you listened to the podcasts? There are so many strategies mentioned, and there are a thousand ways to skin a cat in real estate. Listening to other's stories is super helpful when trying to define your own.

When I first got started, I had general ideas, but nothing specific. As time goes by and I purchase more properties, my goals change and/or get more defined, and sometimes less definied. Don't let the goals portion stop you from taking the first step. Maybe the first step is to do one deal, see how that makes you feel, and then reevaluate.