Unreasonable expectations ?
I'm guessing I'm not alone here in trying to meet my own expectations perfectly on every deal/transaction.
I bought a couple houses in 2016 and rehabbed both. Initially I was going to sell but our rental market is white hot so I decided to BRRR both.
The first one went perfectly, found a great renter (work at home tech guy) and refinanced out all my original investment with room to spare with 100k equity.
I just finished the 2nd and signed a lease today. I'll have to wait 3.5 months to refinance. Here is where the unreasonable expectations come in.
I catch myself feeling like a messed up if I'm not able to refinance 100% of my cash out because the appraisal comes back low. Worst case I might have 3-5k in the house valued at 200k, I'm in and rehabbed at 140k.
I stop myself and realize how ridiculous this is, can't nail every deal perfectly.
Anyone else beat themselves up unnecessarily?
I told my wife that I would gladly buy 10 houses at 70% value for 5k down and we laughed, silly how we become so obsessed with a goal.