We believe in strategic diversification and it works when done right.

Which is why a lot of successful investors will tell you that Rich Dad got them started, but it was their own hard work and strategic initiative that made them successful.

Once you have a clear mental image of your future state, you can break it down into actionable steps and develop a strategic plan to turn your vision into reality.

Would love to hear any and all advice to help me formulate a plan so I can stop feeling paralyzed.Thanks!

It is very helpful and I have to strategize on my approach with my tenant.

I've been doing research for several months now and have formulated a plan that I am anxious to take action on, and thought I'd get some feedback.

My first stop for any advice or question about real estate is always BiggerPockets.Read books about real estate, finance, and business (here are some of my favorites):The Ultimate Beginner's Guide to Real Estate Investing by Josh Dorkin & Brandon Turner (just what it says it is and it's free)The ABCs of Real Estate Investing by Ken McElroy (good for learning about analysis and multi-family properties)Trump Strategies for Real Estate Investing by George Ross (negotiating and strategic relationship building)What Every Real Estate Investor Needs to Know about Cash Flow by Frank Gallinelli (great for analysis)Cashflow Quadrant by Robert Kiyosaki (investor mindset)A more interactive step, after starting your research of course, is to drive or walk in the area you want to invest in (your niche, which the Ultimate Beginner's Guide can help you define).  

This is more like gambling and does not appear to be strategic. 

You may or may not get a positive response from any one seller in the first mailing but with persistent and strategic follow-up, you will more likely catch them at a point when they become most motivated.

When it shows up, I pounce and attempt to create long term value through strategic renovations, repositioning or savvy management.