It pays to know when to just hire an independent financial advisor and do what you do best.In my 45 years as an active investor across real estate, businesses, commodities, and almost everything else I’ve developed a few “rules” that I believe should never be violated 1.

An investment in education is an investment in yourself.

Lenders Account for Your Real Estate Liabilities, Even If Not Listed on the REO ScheduleThe vast majority of DSCR loans are personally guaranteed, they will still be noted in your overall financial picture, and lenders will factor in these obligations when calculating your true cash flow and risk profile.Even if the title of a property is in the name of an LLC and the property is not listed on the Real Estate Owned (REO) schedule of your personal loan application, lenders will still account for any personal liability associated with the loan.

Avoid Grocapitus and financial attunement.

Am excited to venture into wholesaling and I've been educating myself on terms, technique, and form of going about it. 

By educating clients on lot splits and development options, agents can position themselves as experts in a growing segment of the market.

Bigger Pockets is a great place for education and networking. 

A background check can uncover criminal history, past evictions, judgments, or liens, which could indicate issues beyond just financial stability.Even if rent payments are guaranteed, the applicant will still be living in your property, so knowing their rental history and overall reliability is just as important.

Outside of my decade doing tax returns I've been an educator for the last several years. 

Everyone today seems to have a course or preach about financial freedom, passive investing, and how real estate provides passive income—but let’s be real, it’s not all rainbows and unicorns.For those of us in this full-time, we know the reality: long hours, unexpected headaches, wearing many hats, getting yelled out and tasks we dread but have to do anyway.