This week, 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?
Today’s podcast features Ben Leybovich. You can find him at his website – www.justaskedBenwhy.com. Ben is a very smart real estate investor who I have featured on this podcast a few times. Ben is a buy-and-hold investor here in the Midwest. I love listening to his answer, because he is extremely straightforward and honest at all times. He never sugarcoats, which I feel is extremely important for new real estate investors.
Ben’s feeling is that it’s very difficult to set realistic and pragmatic goals when you are just starting out. The problem is that you don’t know what you don’t know as a new real estate investor. The key is to know where you’re going, be realistic about where you’re starting, and then plot the course between those two points.
When Ben started out, he essentially wanted to solve his immediate problem. His immediate problem was that he wanted to escape the 9-to-5, W-2 world. He needed to figure out how much money he needed to live and work from that point forward.
Ben acknowledges that plans in business often change; they are very fluid, and he even questions the need for creating set goals and plans. How’s that for honest?
Find Ben at: