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Property Management Blog

Benefits of a Financial Planner Who Gets Real Estate Investing

How can a financial planner protect you from making financial mistakes as a new investor? Are you finding it difficult to find a financial advisor that doesn’t give you a blank stare or worse yet try to talk you out of going too far down the real estate investing journey? In today’s video, I will show you how a financial planner who is knowledgeable about real estate investing can help you better reach your overall personal financial goals whether its more financial freedom today or wealth that can be passed on to your family. I am sharing an interview with Cynthia Meyer of Real Life Planning, who is a CERTIFIED FINANCIAL PLANNER™ and holds the CFA® charter. 00:00 Intro 03:20 Cynthia's role as a financial mentor to rental property investors 05:39 What should be in a financial plan for real estate investors 06:23 Why financial planners are famous for discouraging real estate investing 07:45 Areas of financial planning focus as you scale 11:22 Financial planner who invests in real estate 12:51 How do you know whether it is a good time to invest 16:08 Confusion over what makes a good real estate investment deal 17:24 How do you set expectations on a "good enough" deal 20:35 Risk management questions as investors 22:34 Biggest risk is in your 1st property 24:15 Managing vacancies 25:18 Avoiding the mistake of overleveraging 28:54 Taking a holistic view of debt 32:00 Nothing goes up in a straight line in real estate investing 34:05 Challenges for short-term rental investors in 2023 35:10 Achieve your life goals with the right financial plan 37:18 More on the higher risks with your first rental property

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