How Do You Set Your Individual Real Estate Goals?

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Driving home from the office today a new investor contacted me and we were discussing his Real Estate goals for the upcoming year.

During this conversation it occurred to me, although he had set his Real Estate goals high for the upcoming year he did not have any concrete reason behind it.

When you set your Real Estate goals, what substantial data do you use to set them? Some people set them off gut feelings or dreams, but I am interested in how individuals quantify their Real Estate goals.

I set my current year goals off of available capital and projected cash flow, does anyone use anything different?

I really am looking to the BP community for their responses because this seems like a very gray area.

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I started by asking myself where do I want to be in 5-10 years. What do I then need to do every year to get there.

To achieve my yearly goals it is often about building weekly and monthly tasks that assure me that I am getting closer to the goal. Completing my bite sized tasks assures me that I'm getting closer to meeting my long term goals.