I use that a lot in my daily life as a broker in Reno, NV educating clients on investment decisions and in my own rental acquisitions.I also worked for an institutional flipper for two years (Wedgewood) as a project manager and flipped 70-some-odd houses for them which really helped me cut my teeth on construction management.It really depends on your strategy, but ultimately it's playing long.

Experience is the ultimate educator--particularly in a field like REI.This is one of the most valuable lessons of young adulthood: you can be fascinated with a job/career, yet be terrible at actually doing that job/career--and the only way to know is to do it!

I think it is a highly followed method as it ultimately leveraging one property against others.

Most realtors don't survive the first 6 months.

In both, the early days are all about survival: stretching every dollar, building systems, making mistakes, learning, and repeating.Real estate is no different.

Something painful and ugly, even it’s still too distant to see clearly now.Whenever and whatever the next crisis is, I want to survive it with my wealth intact.For anyone wondering how to protect themselves, here's a few strategies:• Diversify across asset types and even geographies• Keep some liquidity and “hard” assets like cash reserves or metals• Invest in assets with real-world utility (housing, farmland, essential services)•Use fixed-rate debt wisely—it can be your friend during inflation• Build legal and tax protection through smart entity structures• Keep learning and growing your network!!!

Action step: pick one submarket, run five deals a week through a strict buy box, and only pursue what survives your worst‑case sheet.

Yes, there will always be a place for the human interaction, but we are at a "survival of the fittest" situation way worse than I've ever seen. 2012 and 2020 weren't as scary as this.

Florida is down almost 15% and Texas is following the same path.I bring this up because at a recent meetup some investorswere telling me they are willing to pay full price to beat the competition.That's an insanely bad move right now unless you're willing to come out of pocket to cover expenses to try to keep those houses afloat.Stop speculation for the love of the real estate gods STOP.The only time you lose money in a real estate crash is when you sell in bad timing...BUT you must remember that deals are only deals depending on how they were BOUGHT, not how they were SOLD.Heck, even in Denver the smartest investors I know are buying at even deeper discounts because they know DOM are going to be longer than expected.Get better at sales, get better at marketing, don't be romantic on any one market and we will survive. 

Always have a title company or attorney review the lien history before bidding, since taxes, HOA dues, or other encumbrances can survive the sale.