Having a real passion and business plan, researching the market, and hiring professionals are all part of why they are successful as well, and those aspects should not be diminished in any way. But without simply deciding that “you’re going to invest in real estate," and following through...it will never happen.
A great first step is to contact your local lender and have them build you a roadmap of how much you’ll need to get your feet wet.
If you put yourself in the path of success, you can be lucky too. These are the first steps of your journey:
1. You need to assess where you are financially. What disposable income do you have to dedicate to investing? Be honest about that number.
2. What do you want to accomplish with your investments? Spend time working on your goals. Make them specific so you know what you are sacrificing for when it might get hard.
3. Your most important step, and this is highly recommend to dreamers of all kinds, is to draw up a real plan for success. By this I mean be realistic, and write your plan down in detail. Make a spreadsheet and calculate (and prove) that you could save ‘X’ dollars per month, and with that, you could afford to buy one property the first year.
Each person’s goals and dreams are different. What are your dreams? The opportunities for real estate investing is endless... you just have to make the leap!