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12 Jun 2023 · 1 min

0:35
Real estate investing is a business, not a hobby. Run the numbers on cash flow, do your due diligence, and don't let emotions drive the decision.

Real estate investing is a business, not a hobby. Run the numbers on cash flow, do your due diligence, and don't let emotions drive the decision.
When we talk about analysis, what we're really talking about is viability. Understanding how does this property actually fit into my portfolio, the cash flow, all the elements associated to it. So your money is out there working hard for you because if you just buy everything in your own backyard, which is what a lot of people do, they go in their own backyard and they go, oh, it's where I feel comfortable. You're running a business. It's not a hobby. Treat it like a business. So that's why you've got to get educated to understand how to put a deal through a due diligence funnel, to be able to understand it. Well, how do I invest? How do I buy? Like, don't get emotionally involved. Emotions plus investing equals losing money. There's a simple rule for you.