I think I'm Doing Too Much

[Jonathan Chan]

Hi Everybody,

I'm not really new to BP, but rarely post. It always feels kind of weird to talk about yourself, but I'm at a point in my real estate investing career that I'm sure a lot of people get to or will get to at some point.

My story is, last year the pandemic kind of freaked me out. What was I going to do if my wife or I lost our jobs. How would we provide for our family? At that point, I was already managing a few properties in my area for my family. It was at that point I decided to jump headfirst into real estate. I spent the next 2 months listening to audiobooks, podcasts and youtube videos during my W2 hours, in the shower, in the car and whenever else I could absorb information. In the 3rd month I closed on my first 3 properties outside of my market and closed on the 4th one 3 months later. I was happy, but unsatisfied because I ran out of reno and down payment money. I jumped onto an app called Clubhouse in search of a new way. I had heard there were ways to pick up houses with little to no money down. After spending the next 3 weeks on the app day and night, I hooked up with a creative financing program. I had some early success and was able to get 4 houses under contract over the next 4 months. At the same time I picked up two more houses to do the BRRRR method. Fast forward to now, I have another house under contract that needs a ton of work. While it may seem like I'm doing well, I'm actually doing everything quite poorly. I'm not able to focus on one route. I'm building too many bridges at once and it's definitely not sustainable. I'm addicting to getting the deal and moving on before the work's been complete. I take on too much and I'm not sure how long I can continue this.

• Full time W2
• Managing 6 properties locally
• 2 Reno's
• Mailers to find motivated sellers
• Managing VA cold calling to find motivated sellers
• Managing VA setting up Website and evergreen marketing
• Family quality time

I guess my question here is, what do I do now? I know I have to pick one thing and stick to it. How do I determine which one it is? I understand that's a question that only I can answer, but are there things I can do to find out what I should be focusing on and what I need to drop? How do I find that one thing?