Brag about your failures

[Joel W.]

I have found since being on BP that many people talk up their successes, which is great, but it creates a synergy  and we often forget to discuss about the reality of life, success is usually preceeded by failures.

As a Newby trying to get into REI I'd love to hear your blockbuster failures.

[Chad W.]

Hi Joel, 

Noticed that you had only one taker for your post. I was thinking about the same thing and I think the problem is that this site, as useful as it can be, is not too keen on anything that makes the product or methodologies being pushed look unappealing. For me, I am getting better returns off of an un-managed index funds than I am on two paid off Memphis turn key properties year over year. To be fair, I am making money, but just barely.

Funny thing there, I bought mine in 2012 when they were going for half what they are selling for now. I wonder how new turn key investors in Memphis are doing? One broken AC unit and there is almost NO WAY to make a profit with conventional financing. Vacancy? Forget it, you're hosed...