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Updated almost 3 years ago, 01/05/2022

User Stats

17
Posts
25
Votes
Joseph Miller-Hall
  • Rental Property Investor
  • Tuscumbia, AL
25
Votes |
17
Posts

Grievances of doors 3, 4, and 5.

Joseph Miller-Hall
  • Rental Property Investor
  • Tuscumbia, AL
Posted

It has been three years since my last real estate purchase. 

In those years: my family grew by 2, we bought our personal residence to fit our family of 5, and paid in full for our wedding/ honeymoon. 

With the investing, it is almost to the point of re-analysis-paralysis, if that is a thing. I know the system works, I've gone through a lot of grunt work to make the first two deals profitable, and I see the equity building in the first two purchases. And yet, it seems like I am stuck...?

What I have set in place right now is a goal to save up $10k by May (which is very likely to happen before that) and use those funds to purchase door #3. 

It feels like this is the long stretch that is not touched on by books or blogs or other materials... Everyone and their mother writes about the first purchase and taking the leap... But rarely do I see anything on the anticipations of purchase 3, 4, or 5. Whereas the equity of your first purchases is still building up and is not enough to be used to buy more real estate... Whereas your portfolio is growing and performing, but is not entirely autonomous in the sense that you would never have to invest your own funds again. The struggle of tangibly knowing real estate is a great vehicle but being stuck in the slow-motion-buildup of the snowball. 

Where I am at right now: I feel like taking small daily actions and disciplines in the direction of my goals will break me from the rut and set up opportunities. Saving up the capital on my own with a full family will take time, but it is happening. 

Trying to keep my nose to the grindstone and keep the spirits up as I roll this snowball a little more each day.  



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