To thrive in real estate investing, you must maintain a firm grip on your finances.

To thrive in real estate investing, you must maintain a firm grip on your finances.

To thrive in real estate investing, you must maintain a firm grip on your finances.

@Christopher Morris, after being an REI myself since 2019 and our bookkeeping firm serving many REIs who have different strategies/business models, I'll tell you what is super clear to me...Never rely on rental properties to feed your family.

To thrive in real estate investing, you must maintain a firm grip on your finances.

I am a firm believer that most of the reason is between our ears, and the potentially crippling self limiting beliefs are the biggest problem.

There are plenty of firms which were never dishonestly managed, no need to only look at rosy projections, which may not be backed up in long run and not at management past. 

I am a firm believer of sms. 

I imagine a lot of areas maybe not the majority but a lot are in this same bucket.But like @Pace Jordan Morby mentioned the beauty of real estate is that there are multiple layers dealing in the buddle of rights and ownership so investors will find a way. do keep in mind there are firms that their entire business is to track mortgages like an actuary and rate them to give the servicers and the banks a read on how many loans could be in trouble when they could be in trouble and how much reserves they need. 

Perhaps my current firm at $6,000 is a little more suited for people with a bigger portfolio.We have 4 rentals.