Patience, I Don’t Like You But I Need You.

With the first deal done, I’ve been finding myself feeling more anxious about finding ways to do the second. There’s been an unrelenting flood of momentum rushing me along in my education, networking and desire to continue forward.

Problem is, like most newbie investors we were lacking capital for the purchase and potential rehab costs.

Being the stubborn, type-A personality person that I am, I started calling hard money lenders to understand what their terms/rates are and put together a mailing list of private lenders in Cleveland for me to start cold calling.

I needed to take action! And I needed to do it NOW.

In the midst of my addiction to find funding, I had an opportunity to talk to a few seasoned investors who all advised and confirmed feeling that had gradually been growing in my gut…

Dude, chill. I don’t think you have enough saved in your personal capital to start asking for other people’s monies. 

But but…I have all this momentum. I have the time, the passion, the go-getter attitude to make this real estate vision a reality! Let me at em’ coach!

Chill. Real estate is a long game and it should never come at the expense of your family. Learn to save. Build up a bit more to put into your reserves for your first property and enough to get the ball rolling for the second one. The BRRRR projects will be there for you when you return! Just chill, figure out a way to save up enough and you can still educate and network away in the meantime.

So, I’m going to put the brakes on for a just a few months. A few months in the grand scheme of things will be nothing but a blip on the radar. I get that the beginning of any business is hard and it should be. But I also get that there’s an inflection point where things just click, things multiply and things just start to happening.

But it doesn’t have to be right now.

Hello Patience, it’s nice to meet you.

-Albert