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Podcast

3 Real Estate New Year’s Resolutions for 2025

Performance Property Real Estate Question

Q: I am a newbie real estate investor and I really want to finally get my real estate business off the ground in 2025. Do you have any advice? Carl, New Brunswick, NJ

A: Here are 3 real estate related new year’s resolutions you should act on in 2025:

Make offers. Whether you’re wholesaling or doing rehab fix and flips or landlording, nothing happens until an offer is made. Real estate deals don’t appear out of thin air, they are the result of identifying homeowners and making purchase offers. You only get results from action and making offers is critical to doing real estate deals.

Use systems. Systems help streamline your real estate business. If you’re a landlord, you should use systems to screen potential tenants and manage maintenance and capital improvements of your property. If you’re a wholesaler, rehabber or realtor, you should use systems to generate, keep track of and follow up on prospects and warm leads.

Build a winning real estate team. To be successful in real estate, you need competent people around you. Convincing the best professionals to work with you means that you have to be worthy of having a good partner yourself. Here are some of the role players on my real estate team: investor-friendly realtors, real estate attorneys, title companies, general contractors, private lenders and joint venture partners.

Thanks for your question, Carl. I wish you much success in real estate in 2025!

For more real estate tips and information visit my blog at geraldlucas.com.