Personal rant for accountability

[Evan Zelkovich]

First off, real estate is a long strategy for me. I joined this group a week ago. I am finalizing my refi on my first project. It has been a valuable learning experience. I bought the house through a wholesaler in a town that seems promising. The rehab ran into two snags that put me slightly above budgeted. The contractor did pretty good work in a short amount of time. I was a little frustrated with a couple of the final details that were missed. I have renters in the house and after PITI, I should be making 10% on my cash. To me, not bad for a first and without a mentor or tribe to discuss with.

Now for the accountability- I used 2/3 of the cash I set aside for investing. I want to jump back in for another project, but I probably should wait for a couple months. 1 to let my wife gain some confidence and 2 to build a little more cash. I am ready for opportunities to meet people in person to discuss future projects.

Thank you for listening.

[Kenneth Garrett]

@Evan Zelkovich

Congratulations on taking action. Nothing goes perfect, I always tell investors to be prepared for the unexpected and most importantly have a plan for those events. Take your time, there is no rush. One regret I have is buying to many BRRRR projects at one time. It all worked out, but it was incredibly stressful for a time. Remember rental property is slow and methodical. It's not sexy; no HGTV shows about rental properties that lasted more than a few episodes. It's boring, but this is how wealth is created. Congrats again.