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Updated about 6 years ago on . Most recent reply

User Stats

50
Posts
20
Votes
Latimer Luis
  • Rental Property Investor
  • Antioch, CA
20
Votes |
50
Posts

Just started but ready to quit .... please talk me out of it

Latimer Luis
  • Rental Property Investor
  • Antioch, CA
Posted

I "kinda, sorta" closed on my first Duplex today. This will be my first multi-family and my third investment overall. I'm still a novice compared to many folks in the community, which is why I'm posting here in "Starting Out."  I feel like I'm learning a LOT, but the process seems to be getting HARDER and not EASIER. 

The reason I described it as a "kinda sorta" closing was because my lender's numbers changed last minute and so I didn't sign the closing disclosure, but I did sign everything else. I'm not sure if this was a mistake to do this but I guess I'll find out tomorrow. There was a closing "team" comprised of the title attorney, a closing coordinator for my realtor, and my loan officer, but many of them were out in the East Coast and I'm on my own here in California. I was told the problem is between me and my lender so I have to "work it out with them". I honestly never felt so alone. For what it's worth, it's also my birthday and I was hoping to give myself a wonderful gift. It could be the reason for why I'm so bummed out about this current "deal." 

Has anyone felt like giving up, but didn't? If so, what kept you going? I just need words of wisdom or encouragement from this fabulous community. 

Most Popular Reply

User Stats

11
Posts
26
Votes
Keith Walton
  • Investor
  • Ask My Wife, USA
26
Votes |
11
Posts
Keith Walton
  • Investor
  • Ask My Wife, USA
Replied

I'm new to this site and new to the idea of real estate investing. Last night I attended a free webinar through BP about earning X amount per month. The presenter went over three methods for earning money within the industry. 

At the end of the hour and a half presentation, there was a message/question that applies directly to you and one you should be proud of achieving. That message/question was, "So...What's the key to success? ACTION!" 

You are doing it, my friend! You have taken the biggest step toward your own financial freedom and that is by taking ACTION! You are three deals in and learning with every new experience you face. Right now you feel alone, but know that this is only temporary and is making you grow. When you make your next deal you will do what it takes to not feel like you do right now and you are becoming a better investor because of it. 

I encourage you to enjoy your birthday by telling yourself you have become a man of ACTION which again, is the key to success. You are facing a speedbump that will only make you stronger as you continue to pursue a life as a Rental Property Investor. 

Happy Birthday!!! And, Congratulations!!!

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