APPRECIATION POST TO YOU ALL!

[Colby Wartman]

Just wanted to keep it short and sweet and say a genuine THANK YOU to everyone on these forums. In a very quick manner, you all have given me all your knowledge and experience as a complete stranger. Getting to learn from you all and grow has been an awesome experience. Thanks to the help of you all, as of September 29th, I close on my first STR deal in the beautiful Black Hills of South Dakota. Without all the help, answered questions, and experience, I wouldn't be making this post. Thank you all for pushing me, not allowing anyone to accept mediocrity, and passing your knowledge along!

[Colby Wartman]

Quote from @Leslie Anne Morris:

Nice! You might share for other new investors…what was the thing that made you take the leap? Many investors have analysis paralysis and never start - it’s great to see that you did! 

 That is a great question. I am a numbers guy, (strength coach/gym owner is my day job) and I get enjoyably lost in analysis. I had 2 separate offers that were not accepted in the Cocoa Beach/Merrit island area. On those properties, I did my research, and put the offer in and they fell through. I was discouraged but knew a new opportunity would arise. After analyzing the current deal that we are purchasing, I did my research, ran the numbers and it was time for me to make a move. I was stuck in analysis paralysis for too long and I knew this would be a great opportunity.

I think the best thing that prepared me to take on this deal is being a current business owner. I am a person that is not scared to ask because the worst someone can say is no. However, this is both a positive and negative quality of mine that I am aware of. So just being able to:

1. Establish your firm buy box

2. Do your research

3. And take action when action is needed. 

That is what helped me finally take the leap I needed.