Seeking a confidence boost

[Patrick Braswell]

I’m having a difficult day (few days) and am hoping to hear some words of encouragement from the community that will help convince me that real estate investing is a good idea. That I’m not wasting my time looking into the possibilities that exist.

Long story short, I’ve inherited part ownership in a rental property passed down from my grandparents. I was never involved in the business and don’t have any background in real estate to build on. But I’ve been given the reins of the business and am hoping to learn and grow into something that can build a level of generational wealth that will benefit my family (siblings, cousins, and children) for years to come.

But I am filled with doubt in myself and skepticism about how real the success stories really are. It all seems a little overwhelming and outside my skillset.

I don’t want to give up just yet and think maybe I just need a boost of confidence and a push to make my first deal or acquisition happen. I don’t expect to be someone that finds incredibly cheap deals that become worth double what I paid. At best I’ll be able to find solid properties that will be self sustainable and cash flow in the positive side of things. I’ve been attending my local Real Estate investment club meetings and trying to educate myself.

So I guess what I’m really looking for are some success stories. What got you to take the leap into investing? What was your experience before and after venturing into world of real estate investing?

Thanks for sharing your experiences and reading my thoughts. 

[Brook Davenport]

Stay consistent Patrick! You're doing great so far!

One of my first properties was in the Asheville area, and beat the crap out of me, I felt the same way! Real estate investing isn't easy, if it were, everyone would do it. I kept reminding myself, this is where most people stop, and this is why they don't win.

Building a team around me helped a ton, I had a great lender and Agent, who knew what I was looking for and they helped me navigate this tricky waters. After closing on the property, I found structural issues that didn't come up in the inspection... Back to more headaches! But, I found a great contractor, and a year later we now have great cash flow coming in!

Take the homerun stories with a grain of salt, but I have found incremental success in my investing career, and I credit the little success to being consistent on the process of underwriting, making connections, and being a landlord.