Bouncing Back from Being Discouraged

[Shelby Van Horn]

Hey Everyone!

I suppose I am just here to get some perspective on how to bounce back from feeling discouraged. I have been wanting to do REI for a few years now, learning everything I can about it. It has been a struggle because of lack of capital and credit challenges. My SO and I decided to make it happen, which became a little easier after we formed an LLC and used his credit to get some capital. We were going to do a fix and flip over here in northern California, and we found one that we got under contract for $137,500, which as Californians know, is not super common. It had a great ARV, we had an inspection done, wrote out our rehab plan/budget, and were so close to moving forward, and it fell through at the last moment. Long story short, we thought we were going to be able to get more capital than we were ultimately given, and we were short about $13k.

I am trying to not be discouraged about this, but it's difficult.  I feel like I am so motivated, and while my SO is interested in the idea as well, it is mostly me being motivated and doing all of the encouraging/pushing to make this happen, and it's hard place to be in.  It just took so long to get to the point of almost having a deal, that I don't want to just keep reading and learning without taking action for however much longer it takes to get the momentum back.  It is hard to be in a position to have to depend on someone else wanting to do what you want to do in order to make it happen.  That said, he is very supportive and also has a tough and physically demanding day job, so I can understand why he doesn't have as much energy or enthusiasm for this as I do.  I just saw a change for our future whether individually or together.  I suppose I am just looking for advice on how to maintain a positive mindset when this sometimes feels impossible.

Additionally, if any of you are in norcal, I would love to connect.  I'm trying to build a larger network of people who have similar goals.  I was able to go see David Greene's house hacking seminar last night in Roseville, and it was really cool to be surrounded by like minded people!

If you made it this far, thank you for listening to my vent.

[Jo-Ann Lapin]

Thanks for sharing and you sound like you are on the right path . I always say success is more about who you know now what you know. Partnering in the beginning teaches you more that you can actually wrap your head around . This is a craft with many pitfulls but can really lucrative .wishing you much success . Happy to network and try and assist in the future .