Put on your big boy pants and stop whining!
Super high prices, tenant problems, low appraisal - reasons or excuses?! Doesn’t matter - it’s whiny and weak.
After everything REI has done for me - I second guess myself when things get tough?! So disappointing! Had a wake up call and got out of the funk today.
My pep talk to myself! If it was easy everyone would do it! I was homeless and now have 8 homes! You’ve overcome way more than these obstacles - have some faith!
Thought maybe some other people may have gotten down a bit too.
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I was in a funk in the fall: I hadn't bought a property in what felt like forever but had the cash to buy. Then I found a small portfolio on the MLS and contacted the seller two hours after it had been listed.
I viewed the property 24 hours later and 24 hours after that we had agreed on a price.
The best thing to do when in a buy funk is to work hard to find deals. Scour the MLS, create a plan to find potential sellers, network with those who have access to potential sellers (lawyers, accountants, etc.) and keep adding to the list until something clicks.
Now I'm busy working on these value-add properties and all is well (until I get them good... then I will be looking for more!). People just need to turn over more rocks to find deals. They're out there...
...and stack cash and be ready to buy deals. If you keep working hard I bet you'll have 20+ doors by 2024.