End-of-Year Real Estate Strategy: 10 Must-Do Tasks Before 2025
Description
The year's winding down faster than a foreclosure auction in Texas! We're knee-deep in holiday cheer (and maybe a few too many pumpkin spice lattes), but let's not let the holiday spirit distract us from setting ourselves up for a wildly successful 2025. This week, I'm sharing my end-of-year checklist to make sure you're not caught napping when the new year rolls around.
Let’s be honest, sometimes planning for the future feels about as fun as filing your taxes (and about as relaxing as a root canal). But if you take a little time now to prepare, you'll thank yourself later when your business is thriving. Think of it as pre-gaming for your next financial victory — you wouldn't show up to a major real estate deal unprepared, would you?
Here’s my action plan – a mix of strategic moves and tactical tweaks to keep your business running smoothly. I’ve broken it down into ten tasks that should be done, no questions asked:
- Max Out Your IRA: Think of this as putting some serious money in the bank before January 1st. Yes, I know, taxes. But this helps you hit those investment goals a little sooner.
- Network, Network, Network: Yes, it's the same tired advice, but it still works. Connect with asset managers, IRA investors, and fellow real estate peeps before they hit the ground running in the new year. Don’t let holiday cookies and eggnog keep you from closing those deals.
- Update Your Online Presence: This means your website, your LinkedIn profile, basically everything that represents you in the digital world. You're basically upgrading your online storefront; let’s make sure it’s optimized and visually appealing to attract potential clients.
- Start Planning for OPM (Other People's Money): You have a head-start now to start securing funding for your next ventures. That means mapping out potential funding sources, whether that's through IRA investors or other avenues.
- Contact Asset Managers: Start reaching out to asset managers now. They often unload assets at year's end, providing you with incredible opportunities.
The rest of my checklist involves reviewing past year's goals, updating your marketing calendar, refining your pitch decks, reviewing expenses, and, finally, celebrating your wins.
This isn’t just about hitting numbers; it's about building a solid foundation for continued growth. Just like building a strong real estate portfolio requires planning, patience, and the right approach, building a thriving business necessitates consistent review and optimization.
Remember, this isn't some theoretical exercise. We’re talking about real-world strategies. Taking these steps now will save you time, stress, and maybe even a few headaches in the new year.
The new year is just around the corner; take control of your success by putting in the work today. I can't wait to see what you all accomplish in the coming year. Until next time, happy investing!
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