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

I am new to real estate rental property.

Quote from @Bruce Rasquinha: Hi, I'm a newbie to the world of real estate investments.

Liability Protection: Transferring to an LLC provides asset protection but may not always be worth the hassle or cost.Next Steps: Review your loan agreements, consult your lender, and get advice from a real estate attorney and tax pro to ensure everything’s compliant and beneficial.

The thread addresses a different topic, the Real Estate Professional status, but the same principle applies to the hours in both contexts.

Even still, it could be said that I've still lost money due to my time on the tools instead of prospecting as a real estate agent (the cost of lost opportunity).If you can truly do 80%-90% of the work yourself (at acceptable quality levels) and you aren't sacrificing your time where you can get better returns for your efforts, then yes, it can work even up here in Canada.

I'm new here to the BiggerPockets site. I have 1 rental for which I have been renting since 2018. I am looking to purchase more rental properties in the near future.

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

It's great that you're focused on saving and educating yourself before diving into real estate.

In 2023, US metros collectively grew by 2.6 percent in real GDP, contributing to 91.1 percent of the nation’s overall economic growth.