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Your First 90 Days in Real Estate: Actionable Steps to Build Momentum

Your First 90 Days in Real Estate: Actionable Steps to Build Momentum

November 21, 20244 min read

Your First 90 Days in Real Estate: Actionable Steps to Build Momentum

Your First 90 Days in Real Estate: Actionable Steps to Build Momentum

Starting in real estate can feel like staring at a mountain with no clear path. Between learning the basics, navigating financial fears, and finding your first deal, the overwhelm is real. But here’s the truth: success in real estate is about building momentum, and the first 90 days are your launchpad. This guide will help you focus on the right actions to keep moving forward and avoid common traps that derail beginners.

Day 1-30: Laying the Foundation

Define Your Goals and Why

Every successful investor starts with a clear vision. Why are you pursuing real estate? What do you want to achieve? For some, it’s financial independence. For others, it’s building a legacy. Your "why" will be your compass when things get tough.

Action Steps:

  • Write down your short-term goals (e.g., close a deal within six months) and long-term aspirations (e.g., build a $1M portfolio in five years).

  • Pinpoint your “eternal why”—what drives you beyond money? Is it freedom, family, or impact? Keep this visible as a daily reminder.

Educate Yourself

The real estate world has its own language, strategies, and tools. This is the time to become a student of the game. But don’t get stuck in analysis paralysis—balance learning with action.

Action Steps:

Build a Budget and Financial Plan

Knowing your financial situation will determine which strategies you pursue and how you structure your deals.

Action Steps:

  • Evaluate your savings and income to determine your initial investment capacity.

  • Research creative financing options, such as leveraging private lenders, partnerships, or hard money loans.

  • Create a monthly budget that includes education, marketing, and deal-related expenses.

Day 31-60: Taking Action

Build Your Network

Real estate is a relationship-driven business. Building a strong network of mentors, agents, contractors, and fellow investors will multiply your opportunities.

Action Steps:

  • Attend real estate meetups in your area or join online forums like BiggerPockets.

  • Connect with local real estate agents, lenders, and other investors.

  • Seek out a mentor who can guide you and hold you accountable.

Learn Your Market

Learn Your Market

Every market is unique, and understanding its trends will give you a competitive edge. You don’t need to know everything, but you do need to know your niche.

Action Steps:

  • Choose a target market—start with your local area or a nearby town.

  • Research property values, rent prices, and demand.

  • Use tools like Zillow, Redfin, and local MLS listings to analyze active deals.

Practice One Strategy

Focus is key. Instead of jumping between strategies, pick one to master first. Wholesaling is a great starting point for beginners since it requires less capital.

Action Steps:

  • Dedicate time daily to analyzing deals using online calculators and tools.

  • Role-play negotiations with sellers or agents to build confidence.

  • Shadow an experienced investor to learn the ropes.

Day 61-90: Building Momentum

Generate Leads

Finding deals is the lifeblood of real estate. This phase is all about prospecting and analyzing properties.

Action Steps:

  • Use Craigslist, Facebook Marketplace, and “driving for dollars” to find motivated sellers.

  • Call sellers, send direct mail, or use online lead generation tools to create opportunities.

  • Set a goal to analyze at least 10 properties each week.

Make Offers

The biggest difference between successful investors and everyone else is simple: they take action. Making offers—even imperfect ones—is how you learn and grow.

Action Steps:

  • Use your research to create competitive offers for properties.

  • Don’t be afraid of rejection—it’s part of the process.

  • Track your offers, learn from feedback, and refine your approach.

Collaborate and Leverage Partnerships

You don’t have to do this alone. Partnering with others can accelerate your progress and reduce risk.

Action Steps:

  • Collaborate with wholesalers or agents to find deals.

  • Partner with experienced investors on your first few projects.

  • Offer value to your network, such as researching deals or helping with legwork.


Pro Tips for Ongoing Success

1. Stay Consistent
Set daily or weekly goals for networking, analyzing deals, and making offers. Consistency beats perfection every time.

2. Learn From Every Experience
Keep a journal to reflect on wins and lessons learned. Every mistake is a stepping stone.

3. Celebrate Small Wins
Whether it’s analyzing your 50th deal or getting your first offer accepted, take time to recognize progress.

Conclusion

Your first 90 days in real estate are critical for building momentum and confidence. By focusing on foundational learning, consistent action, and strategic networking, you’ll set yourself apart from the countless others who never move beyond the starting line.


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Rick Melero

Rick Melero is a veteran in the real estate investing and private lending industries. He owns and operates private equity funds, invests in real estate directly, writes books about real estate investing, teaches lending strategies, consults lenders and investors, and so much more. In the world of private lending and real estate investing, Rick has done hundreds of millions of dollars worth of transactions.

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