In this episode, I kick off my month long All-Star Q&A Series. All month, I am going to be asking some of the most incredible real estate investors that I have interviewed over the past seven months questions that I commonly get from new real estate investors. This is going to be an incredibly powerful series and I am really excited to bring it to you. We are kicking off the series with the following question: how should a new real estate investor approach goal setting in their real estate investing business?
Justin starts off this series with a bang! Not only is this guy an incredibly successful house flipper, but he also has the gift of articulating his knowledge very clearly so that it’s easy for the new real estate investor to understand. Justin’s advice for new real estate investors is to keep your goal simple. He suggests that it should be aggressive, but attainable.
He uses something he calls GPS when it comes to goal setting. GPS stands for:
He stresses that you must first set your goals. Then, just like a GPS system, you need to come up with a plan of how to get there–a kind of roadmap. You will never attain your goals if you don’t think of a plan to get there. Finally, he explains the importance of systems. If you don’t have a system or a mechanism for achieving the plan which supports the goal, you will ultimately fail.
I highly suggest that you listen to this episode on iTunes. Justin shares many great tips and you also get a small cameo appearance by his son!
You can find Justin at: