What You Can Do to Stop Struggling and Stop Feeling Frustrated
We sold everything, relocated to Charleston, SC and started with zero properties in late 2016. Building our investment business since then, we now control $4.5 million worth of real estate all while I have been working another full time job, which has been interesting. I regularly put in long hours with both jobs and countless weekends fully dedicated to real estate from morning to night. I have made simple (in my mind) sacrifices to build my business so I have multiple income streams that generate cash flow today.
In previous posts, I shared purchase criteria for deals we’ve closed and details of a residential multifamily property we purchased. Today, I want to share that I’ve been struggling to figure out what to focus on next. If you have been struggling to get started or wondering how you will get your next deal, let me be the first to tell you that everything will be ok and nothing is wrong with you. Every investor struggles at times to know exactly what to do, how to handle a situation or wonder if they are doing enough to continuing growing. Real estate investing takes hard work, actual action to complete tasks, constant studying/learning, and many hours/days/weeks/months/years to be successful. Keep challenging yourself, reading posts on biggerpockets, and networking with people to get inspiration or new ideas.
Recently, I received a recommendation to read Ninja Selling (thank you @Joe Fairless). This book provided great ideas for ways to connect with property owners and investors that I never thought of. I took the 8x8 approach from the book and applied it to my business. I’m two weeks into the strategy and have been building relationships that have an opportunity to turn into new property acquisition opportunities and or new investors to invest in an upcoming deal.
If you are struggling or don’t know what to do, try the following:
- Take a minute to gather your composer
- Focus on what your end goal is and why you are investing in real estate
- Learn something new or network with someone
- Buy Ninja Selling or another book to apply a new strategy to improve your business (I don’t have a relationship with Larry Kendall the author and I’m not being paid to promote his book)
Please share your comments, stories about how you overcame a struggle and questions about what is troubling you/your business. I’d love to help answer your questions to help you get through a troubling time and I’m sure the rest of the BP community will help too.