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ForumsArrowBuying & Selling Real Estate DiscussionArrowForget Covid-19...what success are you having???
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Forget Covid-19...what success are you having???

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Check Rosette Top Subjects:
Rentals, Team, and Traditional Financing
  • Posts 352
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Patrick Menefee
Rental Property Investor from Charlotte, NC

posted 12 months ago

The trending topics are flooded with concerns based on current events, and understandably so. However, life goes on! What’s going well for everyone??

For me, I have a couple great successes

1. A deal fell through in a very shady and frustrating way earlier this month. It was extremely lucrative, but i was going to be highly leveraged on it. I’m now thankful it didn’t go through, my portfolio is much less risky, and my reserves will go much further!

2. Social isolation is still in effect at a property I’m rehabbing, and not traveling weekly for my full time job gives me time to save money by doing my own work! I can now do much more of the painting and flooring install that will ultimately save me thousands!

3. Time to focus on branding!! I can now spend more time building my network, adding to my website, creating valuable content, and setting myself up for success in the future because of the current situation!

Many millionaires are built in times of crisis, and there are tons of great things happening despite the negative! Share your stories!!

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  • Posts 21
  • Votes 10

Adam Parker
Rental Property Investor from Denver, CO

replied 12 months ago

@Patrick Menefee thanks for a refreshing topic

I’m doing social emotional lessons online while students are not in school. Go enjoy and smile!

https://youtu.be/rEvfjsTpJiE

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Real Estate Finance, Single Family, and Residential
  • Posts 964
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Kirk R.
from Peoria, Illinois

replied 12 months ago

Some of rent I have gotten gave me the freedom to stay at my sister's house.  she's a doctor & I feel like me being here has helped. 


Also gonna put together a Facebook group with all my awesome prior boarders! Pretty excited actually.  I've interacted with some awesome people.  I've been meaning to do this for along time. 

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Patrick Menefee
Rental Property Investor from Charlotte, NC

replied 11 months ago
Originally posted by @Adam Parker :

@Patrick Menefee thanks for a refreshing topic

I’m doing social emotional lessons online while students are not in school. Go enjoy and smile!

Love it man! Very creative and breaks up the monotony a bit haha

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Patrick Menefee
Rental Property Investor from Charlotte, NC

replied 11 months ago
Originally posted by @Kirk R. :

Some of rent I have gotten gave me the freedom to stay at my sister's house.  she's a doctor & I feel like me being here has helped. 

Also gonna put together a Facebook group with all my awesome prior boarders! Pretty excited actually.  I've interacted with some awesome people.  I've been meaning to do this for along time. 


That's one of the silver linings...there are some of the things we've been meaning to do for quite some time that we suddenly have the time to finally start doing!

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Mary M.
Rental Property Investor from Portland OR

replied 11 months ago

Luckily(?) I am a loner introvert so social distancing etc is not really changing my life..... now, people dont look at me oddly when i step back or want my own space :) 


RE wise, with “perfect” timing I am closing on the sale on one asset and buying two others.... going from free and clear to 60% leveraged..... its nerve wracking, but I am excited to be playing with the big boys and expanding my portfolio - learning a ton and grateful I have the opportunity to be where I am in life.... 

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Patrick Menefee
Rental Property Investor from Charlotte, NC

replied 11 months ago
Originally posted by @Mary M. :

Luckily(?) I am a loner introvert so social distancing etc is not really changing my life..... now, people dont look at me oddly when i step back or want my own space :) 

RE wise, with “perfect” timing I am closing on the sale on one asset and buying two others.... going from free and clear to 60% leveraged..... its nerve wracking, but I am excited to be playing with the big boys and expanding my portfolio - learning a ton and grateful I have the opportunity to be where I am in life.... 

Congratulations on the expansion! What types of properties are these? Care to share a little more about them? Glad to see someone still moving forward in spite of everything going on!

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Account Closed

replied 11 months ago

my dog seems to be much happier lately

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Mary M.
Rental Property Investor from Portland OR

replied 11 months ago

@Patrick Menefee multi family - 10 units new construction (when purchased in 2015) to 20 units new construction now. A bit more than doubling my investment $$... scary especially now, but with low interest rates I figured it was a good time to jump.... of course my timing was perfect - top of the market and right before covid 19.... i freaked..... but then decided to be positive instead of negative...  i dont know what the future holds, and I would probably not of made this move if I knew covid 19 was lurking, but it is what it is... and I am learning a ton and they are nice buildings! 

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Patrick Menefee
Rental Property Investor from Charlotte, NC

replied 11 months ago
Originally posted by @Account Closed :

my dog seems to be much happier lately

Little victories. Just don't tell him why you're around more...he doesn't need to hear that 

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