Will real estate investing solve my problem?
Most people consider investing in real estate as a way to solve an issue or issues in their life. The good news is real estate investing can work for anyone.
So, the quick answer to the question is yes, real estate investing is a good way to solve many financial issues.
The bad news is many times a person will not take the necessary steps to ensure success in real estate investing. So, while real estate investing will work for anyone, it will not work for everyone. If you are committed and take the necessary actions (legally, ethically, and morally) your probability of success is very high.
We encourage all new investors to complete ICOR's FREE TrueNorth Planner. This 20-minute exercise will help you determine if real estate investing is right for you. Also, you will understand the type of investing most suited to your personal situation.
At ICOR, we have a path for all people considering real estate investing to follow as a way to get started and determine if real estate investing will work for you. We call it TrueNorth!
TrueNorth is a planning process that when completed provides most new investors with the following:
- Your Optimal Investing Path
- Your Preferred Property Type
- Your Property Acquisition Plan
- Your Funding Plan
- Your Educational Plan
- Your Team Building Plan
- Your Networking Plan
- Your Beginning Timeline
We’re sure you noticed that each one of the above eight items begins with “Your”. That is because every investor is different. Your needs are unique to you, so your plan needs to be specifically designed to meet those needs. Also, your plan should fit in with your current life situation.
Here’s the kicker…. Going through the TrueNorth process will also determine if real estate investing will work for you at this time in your life. If so, great! You have a plan to implement. If not, isn’t it better to know that upfront and save you a lot of time, money, and anguish? At that point, you can consider other ways to solve the problems you are facing.
Consider registering for our next TrueNorth Planner session. Check out our calendar of events to find the next session!