After Thanksgiving holidays in the U.S., it is getting into the month of December and it is time to plan how to finish the year strong as a real estate investor.

Meet Target for This Year

If you set a target for this year, for example, flip 10 houses, or build a rental of 10 multifamily; and you are a little short in meeting your target, you still have a month to try to hit it. So if this is the case, gather yourself and work on the next deal. Thirty days is a long time and you can still work hard and meet your target.

Organize Documents for CPA

If you are on track for the year with your deals, you can consider using the month of December to organize your documents. Real estate is indeed your business, so you ought to have the annual meeting minutes, your monthly meeting minutes (especially if you classify those meals as business expenses), and the receipts for all of your business-related purchases.

Sure, it is possible that you do this “next year,” like January to April, but since December is typically a relax month, it is better that you take advantage of the time. Starting January, you will need to focus your energy on meeting your next year’s target, so you should reserve your energy for those, and use the month of December to catch up on catching up this back office, administrative tasks.

Reflect and Spend Time with Family

December is a good time to review what you have accomplished for the previous 11 months, whether you did good or bad, it does not matter, it is important to reflect and be grateful for what you have done.

What is even more important, is to know that you are doing this real estate investing gig for a reason, and a big part of the reason should be about your family. That is why, during this holiday season, you should dedicate some time to spend with family, or the people you love and care, because without them there is no purpose.

Plan for Next Year

Finally, December is the time when you should plan for next year. How many deals do you want to make? It can be a number of flipping houses, a number of increasing your doors owned, or a combination of both.

It is important that when you make your plan for next year, that you will write it down. People say, “a plan that is not written down is just a wish.” You can choose to type it in your computer, or write it down on a piece of paper; either way works, but you just need to do it and not just “think about it in your brain.”