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Posted over 9 years ago

Almost 4 years later...and 1 year from my initial retirement goal

So...almost 4 years later...and 1 year from my initial retirement goal...I sit here in the living room of yet another new house of ours. Although my initial goal was always to pay down debt and stop buying...I was unable to resist the temptation of purchasing more real estate, as the opportunity of acquiring more knocked on my door.

Since 2011, I left my corporate job and dedicated my time to being a full time investor for two years. During those 2 years we made several good investments....but in 2013 I made the worst investments of my life so far. This worst investments topic deserves a whole hour to itself, so I will not go into now. I can tell you that this one bad investment made me go back to work! This time around...for the State. So, both my husband and I are still FTE's (full time employees) and we may have to be, even past 2015.

We currently own 24 doors. All the additional purchases were of single family homes, as we have found they require less "babysitting". We have also hired a personal financial manager to look into our investments and that way hear from someone other than me IF we are on track or not, to someday retire comfortably.

Another venture we started in the same real estate arena, was the "rent to own" business. We have so far put 3 properties under rent to own contract, from which one has closed, one has defaulted and one is a month or two from option exercise date. This is a good business for both buyers and sellers and there is a huge untapped market I have the opportunity to work now...but will shall see, as it requires a large investment.

Our cash flow is good...and according to both our calculations and also our financial advisor's, we will probably use only about 50-60% of our monthly cash flow after retirement....BUT... we're not done paying off debt ...so our retirement will not likely happen next year. At first, realizing this, made me feel depressed...made me feel like I was not able to accomplish my goal. I still feel that way to be honest.. but at least I truly enjoy investing in real estate...so a few more years...not a big deal, I will say.

Since the pain of the bad investment is still pretty strong, I have been unable to concentrate on goals and/or business....I hope that blogging will help me get back to my regular me and flow with investment ideas and interest.

Anyways, has anyone been in this situation? The writers call it "writers block"... what do investors call it? "Investors block" ? I feel stuck.


Comments (6)

  1. With 24 properties in four years, you were acquiring one property every other month, and that's a healthy rate. On the bad deal, it does happen but the positive side is its impact on our understanding of the local market and real estate altogether. Thanks for sharing!


  2. thanks so much everyone!


  3. Congrats!


    1. Thank you!


  4. Ana, thanks for sharing!  I have found blogging has helped me get my thoughts in order, which has led to better decisions down the road because I can take better stalk at the lessons from past deals.  If you like what you are doing in real estate, is it really so bad not being fully retired?  Also, 24 doors is a number you should be proud of.  I would keep doing what works and learn from that mistake because at the end of the day, it only makes you stronger.  I wish you the best of luck!


    1. Thank you Frankie Woods. It does help to write about the journey!