In real estate investing, probably one of the most important things you can do is understand what your financials are. A lot of people don’t know their numbers and they end up failing because of cash flow.
Is starting out in real estate an investment strategy or is it an investment business? You need to treat it like a business. What that means is you need to have a business plan. You need to have goals. You need to have a vision. You need to have a mission.