Why You Need to Stay Uncomfortable

When people get older some of them want to work towards retirement and to slow down, but as I get older, I feel like I've got to push myself and always stay a little bit uncomfortable, because if I'm not uncomfortable, I feel like life is getting ahead of me. If I'm uncomfortable and I'm pushing myself into areas that I don't understand, I'm having to keep my brain sharp and really study up on things and it takes me to a new group of people. I just like to push myself a little bit and so multifamily was naturally the next step for me. I was looking at commercial in general, but that always intimidated me. But one day I just said, you've got to get beyond this, you've got to just figure it out, it's the first step, a couple of books on it, see if this really just scary as you think it is.

And after that, after reading a couple books, I was like, there's a system for this. It's not as scary as you think it is, and so, then next step is meeting people. And so I started to meet some multifamily people, my banker, he told me he knew a guy who was doing a multifamily is syndicating deals here in town. And so I went and had lunch with him and he's super nice guy and took me in to the main office, in one of his complex and show me the books and how things were run and that was a pretty big deal. And so basically if you're scared of something, it's because you haven't been educated on it, just learn what you're scared of and it won't be scary anymore. And that's the approach I took, in multifamily, you've got to spend some time educating yourself, but you also have to realize that you're going to have to learn by actually doing it. So you have to take those steps and kind of jump in and get started because you don't know what you don't know until you get into it.

Multifamily just takes a little more, you get your pencil out, you gotta learn a little bit about math. I learned about spreadsheets and I'm not a numbers guy at all, but you've to learn how to analyze deals, because they're larger deals, bunch of moving parts. So the next thing to do is to find a partner that likes to nerd out on numbers. I've got a partner is Dallas who loves analyzing these deals, so one broker sends me deals, I go out and meet brokers all the time, they send me deals and I just forward them on to my partner and he throws in a spreadsheet. So I'm just kind of filled out a little gap there, so you don't have to be a numbers person, you just have to find a partner who really likes and knows his stuff when it comes to analyzing all these deals.

We would love to find out more about your investment goals, text “Trident” to 38470
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