Personal Finances In Order

[Logan McKay Zylstra]

In no way is this post intended to come down on people, but I'm just trying to bring attention to this issue I am seeing. 

With that being said, a lot of new investors want to jump into real estate investing before they have their personal finances in order. These people want to find "creative financing" deals. They want to get into real estate because they are seeing how much money people are making from it on social media and want those same financial rewards. However, as most of us know, the real estate game is a get wealthy slow play compared to a get rich quick scheme.

In my opinion, if these people were to put effort into getting their financial foundation in order, they would be much better off. Before investing hundreds of hours in real estate investing education, I would recommend first spending time to educate yourself on personal finance. Not only would deals be easier to find and secure, but you would also be taking less risk as you can weather different issues financially as they arise.

I would recommend learning about personal finance from the BP money podcast or Graham Stephan on Youtube.