Land Lord Principle Strategy
Before we get into the principles, let's first discuss your strategy. You must understand that you have the power to own property. No matter where your credit score is or what your paycheck says or the amount that is currently in your bank account, you have the power to own property. The only reason you don't or you haven't is either because you don't believe that you can or because you haven't created your strategic plan. Becoming a Land Lord is all about strategy. Remember, you do not have to have perfect credit, but you do need to have a lower debt to income ratio. We will discuss this more in the next blog. But for now, lets talk about strategy.
Creating a strategy is not always easy but it is achievable. Below you will find the first 5 steps required to create a solid strategic property purchasing plan.
Step 1. Seek God for direction: You cannot obtain much of anything without putting God first.
Step 2. Make a decision to obey God's direction
Step 3. Find an image of the house you want to own today
Step 4. Place that image in a place that you can see it every day.
Step 5. Write down all of your finances and get ready to make some changes.
Join us next week for the next 5 steps.
