Jordan Wirsz Market Opportunities Today
Jordan Wirsz Real Estate Investor
Businesses tend to stay in business and thrive if they can adjust to market conditions. They must be amenable to change. You must learn the secret to staying ahead of the competition or, at the very least, staying up to pace with the market and to building long term mutually beneficial relationships. Business as a real estate investor is no different from any other business in these respects explains Jordan Wirsz. One of the first steps is to establish goals for your business.
Do you have goals? And do you have them written down? A goal is like a map for your life. Studies have shown that teenagers who had definite goals and wrote them down, ultimately became more successful in life than their peers who didn't, even if their peers were from wealthier families and better educated. Having clear goals is the key to success. Jordan Wirsz recommends writing down your goals.
Establish Goals says Jordan Wirsz
One way of establishing your goals as a real estate investor is to have a ten to twenty year plan. How much money do you want to have? Where do you want to be living? What do you want to be doing for work and for fun? Having an idea of your needs, desires and expectations is important for a business owner. It will help you stay motivated and on track says Jordan Wirsz.
Now break your scenario down step by step to exactly what is necessary for you to achieve that. If you want to be making $120,000 a year of passive income in twenty years, calculate how many properties of positive cash flow you will need for this to happen. Different areas with different rents will change the number of properties you need to buy. If you are only recognizing $100 a month positive cash flow as a real estate investor, per property, you will need to own a hundred properties. Buying one property a year will not achieve that goal; you will need to buy about one property every two months. Is that feasible? Probably not at first, cautions Jordan Wirsz. But, if this is what you want, sit down and figure out a way that will work for you to attain it.
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Jordan Wirsz Plot the Course
Once you have a plan, amazing things will happen. Writing down your goals, plotting a course and seeing your path laid out will make it far easier to realize those goals. You will find that reaching your goals as a real estate investor is not as hard as you think, and you can even have some fun along the way says Jordan Wirsz.