Wealth Opportunities in Commercial Real Estate: Management, Financing, and Marketing of Investment Properties

A Game Plan to Achieve the Solution

In subsequent chapters of this book, I discuss The Solution in greater depth, but at this point it is important to understand the basic principles underlying The Solution:

• Converting active income into passive income.
• Establishing a monthly cash flow model.
• Understanding that size matters.
• Understanding that an infrastructure, a team, should be created to capitalize on investment opportunities that arise.

I have identified The Problem and The Solution. The next logical question is: How do you achieve The Solution? I could discuss taking responsibility for one's actions, and having a positive attitude. I could offer case studies showing ordinary people accomplishing seemingly impossible tasks. These elements are important and discussing them can be motivational, but my approach is, I believe, less theoretical and “heady.” It is more practical and down to earth.

The objective in the balance of this book is to create a framework to achieve The Solution.

I set forth an outline, which I call a business plan. I then identify concrete goals and actions items or “to dos” that, when fulfilled, will allow you, over time, to carry out your business plan. To some extent, your business plan and your goals may overlap and the goals may be incorporated into the business plan. The distinction is that although the business plan may, at times, be lofty, its goals and action items are always detailed and specific. I call this methodology of achieving The Solution ...