Are you making sure your real estate investments stand on their own merit?

Well, I can tell you that I see time and time again so many people make poor investing decisions

based on the fact that they are winning elsewhere

and therefore they justify and validate making a decision

that they probably wouldn't pursue or follow through in

if those other things in their life weren't going on. If they weren't winning and making

good money elsewhere, if they didn't have other investments that were doing well, they ultimately

wouldn't put their time and energy and emphasis and take the risk to get something that didn't

stand on its own two feet, that didn't meet their investment

criteria, that didn't feel like the merit of the deal stood on its own. And why I bring this

up as a wise investor, no matter what the deal is, no matter how good things are going on in your life or in your

business or financially, you don't stray away from the disciplines that make a good investor,

that mitigate your risk, that increase your probability of success, that hit your investment goals and returns,

no matter what's going on, the deal is the deal. It has to stand on its own merit.

And the reason why I bring this up is I was working through with one of my coaching and

consulting clients the other day, who's a really savvy real estate investor. He's got a

sizable investment portfolio of multifamily property, single family. He's in some syndications.

And he's got a really problematic property on his hands right now. It's a multifamily property

that, long story short, had a leak, and they had a bad property manager that they didn't really

vet too well.

And that property manager wasn't keeping tabs on this one particular unit that was vacant.

It ended up having a leak and it caused all these issues that then led into them uncovering

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