Losing motivation. Am I close or do I need to move onto something else?
I’m at a bit of a crossroads and would appreciate some honest feedback.
I bought my first rental in 2020 and a second in 2023 — both were decent investments, though I’ll admit there was some luck involved. Over the past 6–8 months, I’ve gotten more serious: read two books (not helpful), completed an online course (helpful), joined a mentorship (not helpful), and have been networking with wholesalers and investors online.
Here's where I'm struggling: even after this effort, quality deals — rentals or flips — seem very hard to find. Most potential deals I see are through wholesalers, but many aren't great, or you need a strong relationship to see the better ones. MLS deals seem too tight.
I’m starting to wonder if the only way to find consistent, quality opportunities is to fully embrace this as an entrepreneurial effort — direct marketing, cold calling, door knocking — which I’m not eager to do. I’m not a people person, and the grind doesn’t appeal to me. Flipping seems to require the same level of hustle.
At this point, I don’t know if I’m close to landing a good deal and should stay the course, or if I need to step back and ask whether this is the right fit for me. If I need to run a marketing operation to any extent to find deals, it may not be worth it compared to more passive options like investing in the S&P 500.
Maybe I’m missing something. Maybe you can do this without becoming a marketer/entrepreneur/realtor/people person. But if not, my way of currently doing it may not yield me enough returns to continually do it. Wholesalers, realtor.com, networking with people.
Spending time weekly for months and months or longer to acquire a property and merely make $300 a month cash flow just doesn't seem cost effective over the long term for me. I know theres debt pay down and other ways you get paid too but it doesnt seem super cost effective and I'd rather do other things with my time, even if they're not geared towards making money.
Question:
Is my way of doing this worth pursuing further, or do I truly need to build my own pipeline even if part time to succeed in this endeavor?
Appreciate any honest insights.