Investing Addiction - Confession Time

[Shiloh Lundahl]

Do you ever have a hard time keeping money sitting in your accounts?

I haven’t been actively looking for properties for the past three years in Arizona. However, I still bot probably 20 to 30 single-family homes during that time. Since I am on about 20 Wholesaler lists, I still get about 100 deals sent to my email every day. And I also get emails from Zillow and Realtor.com and Redfin. I’m always curious to see what’s happening in the market so I look at the properties that get sent to my email.

I find it hard not to buy a property that I know I can make money on. In other words, it’s harder NOT to buy a property than to buy a property when I know it’s a good deal. Because I know that if I buy that property today, within the next few years, I’ll be able to create $100,000 on the deal.

The situation gets worse when my wife goes out of town because I have extra time on my hands and then she comes back two weeks later, and I bought three properties while she was gone. And recently, that has not made her happy. Because we would like to keep reserves in our accounts. I’m getting a couple of refinances done within the next week or two so we will have more money in the accounts but right now I’m feeling a little stressed because the accounts are low.

I am just wondering if anybody else has a problem like this or if I’m the only one. Close your eyes and imagine you’re in a circle and it’s a safe place and speak your mind. I don’t want to feel like I’m the only one here.