20/06/2022
Setting your property investment goals should be at the top of your to-do list. You might think that the biggest factor in determining your success in property is how well you can negotiate, or your knowledge of construction, or the planning system. Well you are wrong, the biggest success provider comes from goal setting.
It's important for Limehirst Properties to understand the buyers' goals and appetite for risk so the best options for investment can be assessed.
Many first time investors don't yet have a long term goal in mind which can make it difficult to focus on the type of property they are looking for. If you are just beginning your property investment journey and don't have a goal yet, try the below steps to get started. We advise using the S.M.A.R.T acronym used to guide you in your early goal setting:
✅ Specific
✅ Measurable
✅ Achievable
✅ Realistic
✅ Timed
Remember to document your goals and regularly refer back to them. A good example of a S-M-A-R-T goal might be:
"I would like to build a property portfolio to achieve a passive income of over £3,000 per month for my retirement. I would like to purchase these properties within the next six years using money from savings and mortgage finance"
https://www.limehirst.com