I need some help/advice

[Jared Ferguson]

I just bought my first property! It closed 4 days ago. Its a duplex in a local city with good rent, some repairs are needed but nothing really big. Closing was a nightmare! I'm one of those self-employed people. Even though a work a full time w2.

All that being said I'm currently in a bla mood. I did all this work saved for 5 years to put 100,000 down found and bought my first property. Ya for me right? On my way right? It drained all my forward energy. I'm not trying to whine. Seriously anyone who tries to great more out of life knows it takes energy and drive. I lost mine with my purchase. Mentally I'm there I did a great thing for my family in getting us moving toward financial independence. In my head I understand it is a long game and I just need to move forward, but I lost my drive. 

Anyone else go though this? 

How did you deal with it?

[Tyler Lynn]

Hi Jared, Congratulations on this accomplishment. While it may not feel like it right now it is definitely an accomplishment. This is not abnormal, closing is almost never easy and never goes without a hitch. I have experienced something draining from every closing I have gone through. The key is to learn from it. Go over exactly what frustrated and drained you the most, and think about what you could do to prevent it next time. If it is with the lenders, be overly upfront with them next time, whatever held the lending up this time, tell the next broker all that information up front and make sure that they have no problems with it. But again lenders will always find something and you just have to work through it. To get past this feeling I just started deciding how I will get the next property, by the time I find the next deal and have a plan to acquire it, I have usually found my motivation and energy to go through it again. But if you truly feel like you've learned this isn't something you want to do actively, look at partnering on a deal and becoming more of a passive investor! Either way good luck, I am sure you will kill it in the RE game!

Tyler Lynn