Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Investor Mindset
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Account Closed
  • Real Estate Investor
  • Marysville, OH
196
Votes |
242
Posts

Impatient for when it will get easier (reaching step 3: Profit.)

Account Closed
  • Real Estate Investor
  • Marysville, OH
Posted Sep 4 2017, 08:16

I have 12 units across 5 buildings.  One is in year 2, all the rest are still in year 1.  On paper, all the buildings required some rehab because they were purchased below market.  So it's pretty much a given that year 1 is going to suck looking at the returns once you factor that money in :)  That's fine.  Long term, they should all be great investments.  The building that is in Year 2 should have been really positive, but I had a driveway replacement the city got on my case about so that ate up most if not all of my positive cash flow for year 2.  (I might still land in the black if I have 4 no drama months to end 2017.)

I still find myself occasionally being discouraged, wondering when I will have enough REI to actually impact my life in a positive way. Currently I've moved from writing checks all the time to the rentals rents received being enough to cover the rehabs and repairs, so that's a huge step in a positive direction, but since none of the money is coming back to me yet, it feels like I have this side business that has no impact on my life right now.

So I guess maybe to the experienced people out there, how do you stay motivated?  Things are obviously moving in the right direction, logically everything makes sense.  Emotionally and psychologically, I'm yearning for the time when my rentals will 'make it rain' every month :)  I'm just impatient.

Loading replies...