Friday, July 10, 2015

LASH COMMENTARIES: Real Estate Investing are you CRAZY!!!!!!!!

LASH COMMENTARIES: Real Estate Investing are you CRAZY!!!!!!!!: You know how it goes. You go to a 3 day work shop on how to rehab houses and it is so inspiring you can't wait to get home and start lo...

Real Estate Investing are you CRAZY!!!!!!!!

You know how it goes. You go to a 3 day work shop on how to rehab houses and it is so inspiring you can't wait to get home and start looking for that UGLY house and fix it up. You spend money on this great CRM system and they set up your website and you are reading everything you can get your hands on. You go to some more 3 day workshops and there you are in the investor world thinking yeah I can do this. It is not that hard. I just have to keep talking to people and get more software and sign up for all the latest and greatest programs. How hard can it be. I have watched all those fix and flip shows. I know it can be challenging, but what could really go wrong. I am invincible. Wonder Woman. Yes I said Wonder Woman of real estate. You find the perfect little flip and you have it all planned out. In and out in 3 weeks. SOLD!!!! But wait the city has some stupid inspection and it is free of course, but now it is 2 Months later and they still have not gone to your house to inspect it. Then your construction crew is busy working on the new mall (Who obviously is paying them handsomely for the work) and now we have to figure out when we even have time to apply for the permits that the city finally gave approval for and all the time you are paying for the house, materials and the appliance package which is taking up your parking spot in the garage. Boy I wish I had stainless steel. Well not to worry the city made sure to send you the 2,000 tax bill for the rehab house that they drive by everyday and have a key to, but can't seem to check the pipes on their way to or from work. Now the perfect flip becomes a never ending story you do not even want to talk about. Not to mention you work 40 hours a week and spend 2 hours on the road just driving back and forth. Forget the fact that you were up late trying to rank on Google. Oh yeah SEO. I know all about it. Can you say brain overload and then of course there is all the marketing. Yeah go ahead and send out 1,100 postcards to Absentee Owners and watch the phone blow up and it is impossible to answer and return all the calls. So you start thinking. Maybe I am not cut out for this. I was so sure that this was it. This is my road to freedom and not checking in or punching a time clock. This is the way out of the rat race. Was I mistaken. Did I make a bad decision. Maybe my market does not have the deals I am looking for. Maybe I am crazy and this was just some silly pipe dream and it is finally over. Real Estate Investor. GEEZ what was I thinking. Better just quit now and save face on this one. It is just to much. Are you kidding I grew up raising and training horses and you know when they buck you off, you get right back in the saddle and ride the horse. So Quitting is not an option. You know we Real Estate Investors all have one thing in common. We just want to be free. Free from the rat race and free from making someone elses dreams come true. I am not getting any younger and I may be crazy for trying this real estate investing. But I do know one thing. I am not going to quit and I am not going to whine and complain. We all have to pay our dues at some point in this business. I am sure my little problems which seem big to me are small in comparison to some of the great Real Estate Investors of today. They all have a story and they all stuck with it until they achieved their vision of freedom and financial security. So yeah Real Estate Investors are a Little CRAZY and that is why they are successful. Rational people don't get us!!!!