Do real estate investors need a financial plan?

[Ruzanna Queenan]

Hey successful investors - 

If you have a robust property portfolio do you still need a financial plan? Or as long as you have cash coming in you're all set?

What are your reasons for having or not having a plan? Apart from not finding a good advisor who knows real estate or not believing in advisors in general, how do you think your finances would or would not benefit from professional  guidance on retirement budget, insurance, estate plannings, tax strategy?

Has you thinking or your reservations shifted in the current environment?

I am biased since I'm a planner specializing in property investors and personally think investors needs MORE planning because of all the moving pieces in their finances and the planning industry needs to do much more to serve real estate investors. 

But I am curious about the opinion of the BP community!

Thank you,

Ruzanna