If you’re thinking about investing in real estate, what is the big motivating factor driving that decision?

I remember for myself, when I first considered real estate, I wanted so badly to be able to get my wife home from work, and to be able to make $4,000 per month off of passive income from rentals. I remember so vividly and clearly how the thought of achieving that motivated my decisions up to the point of being able to purchase my investment properties. And I also remember exactly what it meant for my life and my family’s life when that goal was achieved. My “WHY” for real estate, and in life, has always circled around the idea of freedom. The ability to do what I what, when I want, with who I want, and giving that same freedom to my family.

Money helps us do that, of course, but money isn’t really the “WHY.” It’s the means to the “WHY.” The money helped my family afford to have my wife at home with my two beautiful children every day. The money gives us financial support so I can start a business I’m passionate about. The dream I have to give money away (a million dollars a year, to be specific) is dependent on having the money. And real estate investing makes it all possible.

At Bridge, we talk to clients every day who are in the pursuit of real estate goals, driven by a variety of “why’s.” Here are a few we hear regularly:

  • I want to travel more
  • I want to be able to quit my job by 50
  • I want to generate passive income so my spouse can stay home with our kids
  • I want to be able to afford a college education for my children
  • I want to pay for the medical care my aging parents deserve
  • I want to leave a legacy of financial stability for my children

The “Why” is different for everyone, but the need to name it and draw up a plan to work towards achieving it is the same for investors everywhere.

I wonder: what is your “why”? What is driving your desire to invest in real estate? What are you trying to achieve? To add to your life? Or to help remove from your life? Or to leave behind after your time is past? And what does it mean for you, if you could wave the magic wand and go solve that problem today?

If you’re like me, as soon as you’ve identified the “Why” and the “What it would mean for my life,” you can’t get to the “What steps do you need to take to get there?” fast enough. So, ask yourself:

What does it actually mean for me to work toward this this year? What does it mean this quarter, this month? Break it down until you know what you need to do today to start moving toward this goal. You need a plan, and you need to write it down.

It’s okay if you don’t know the answers to this question. Especially if you haven’t done it before or done it many times. It’s natural to face some fear. Name that fear, and then go find the support you need to overcome it. One starting point might be joining a real estate group, where you can meet other people trying to do the same thing you’re wanting to do. If you need one, we’ve got a great one on Facebook, filled with people who actually want to help. You can join simply by clicking here.

Get in your mind what would it look like for your real estate dreams to actually happen in your life. That’s the big “WHY.” Put the big “WHY” in your mind, make a plan, and take the next step.

If you’re looking for help, and want to speak to someone from our team, fill out our Discovery Form, book a call with our client advisor, and let us help you get there.