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Updated about 4 years ago,

User Stats

21
Posts
7
Votes
Tim Dunlop
  • Rental Property Investor
  • Avon, IN
7
Votes |
21
Posts

Stuck in the mud in Indianapolis - time & motivation struggle...

Tim Dunlop
  • Rental Property Investor
  • Avon, IN
Posted

Just looking for some motivation or even ideas that can help me get back into the groove.

Current Situation

I purchased a package of multi family properties about a year ago - 28 units total. At the time 4 were rented out and most were in not really in condition to live in. I was able to work on them myself for awhile and get some renovated but currently have 7 liveable and rented... I took a promotion at my full time job about 3 months ago and am now back to the world of working 70-90 hours a week at this job which does pay very well but is exhausting. I have a “guy” that helps with the properties but also has a full time job that is working him about 70 hours a week. I’m at the point of losing about $1.5k a month with the total package but purchased them right and have a ton of instant equity in them. Really just in one of those moods where I can’t determine the next most logical solution or approach. The goal is to use these properties as a way to get out of the corporate world and full time run my own company. I have almost zero time currently to work on anything with the rentals just stuck in the mud... Ideas? Thoughts? Motivation?

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