How has your life changed since your 1st investment?
I would like to know how others investors life have changed since their first investment, did it meet expectations?
I know that everyone loves a feel good story but investing is not easy and I have cried many times during my investment career, I have laughed to the bank too thou. Cried during flips when contractors cheated me out of money, stood shocked about what I have seen some tenants do in their own homes. Lost sleep in my first eviction process thinking could another human be such an a$$ to another.
I'm current relaxing in sunny Australia as I write this (funny enough assisting my parents move into their new home) this is my second year I would consider myself a FULL TIME investor. I manage 11 doors in Cleveland, OHIO and have one contractor I can call to assist in repairs which makes my life a little easier. My Australia properties are managed by a property management company, the tenant quality is completely different when your properties are worth $300k compared to $60K
Thou it sounds golden, I'm constantly in battle with one tenant who always pays late, I had to do one eviction this year, had a tenant walk out of her property so she didn't have to pay rent. When I'm not battling tenants I'm trying to reduce overhead, was I shocked when I got a huge water bill for my apartment. When I see the books I see all this money coming in BUT it goes straight away to another project or repairs. Am I the only one on this boat? I would not say my investments are poor or I'm losing money it's just not all glitz and glamour like everyone thinks and reads about. Investing is HARD WORK.