Re-introduction after a failure to launch

[Steffan Daus]

I first posted in this forum a little over a year ago. With high ambition I was semi determined to try something. Sadly though I let the intimidation of getting off the ground get to me and I fizzled out fairly fast. I had also chosen a path that was not well suited to my strengths.

I am back again with new resolve, a healthier outlook on life, and most importantly a deal (hopefully). I decided that it makes no sense to pursue a goal via an intermediary, just go for the goal. I wanted to wholesale my way into buy and hold, I realize now that wont work for me. Instead I am going feet first into buy and hold with maybe a wholesale deal or two on the side as run from a deal flow that finds buy and holds. 

This past weekend I put my first property under contract and am starting the due diligence process. Gonna start getting that on the job experience by house hacking a bit by having roommates to pay my mortgage. After a year I'm moving out and transitioning it into a full rental. Finger crossed that everything goes well.

The last thing I have learned is that we need to be honest with ourselves and keep track of the things we want. I don't have the responsibilities of most people. I am 24, I graduated college with no debt, I have a decent a job, and I am single. Right now I want to get better at my passion, which is game. I recently read 7 habits of highly effective people and want to adopt many of the ideas it presents to simultaneously get better at my game and invest in real estate. 

These goals are lofty but I think I have the thing I was missing before when I first started and now I am ready to roll.

My self actualization speech out of the way, a bit about my business. I am living and operating in Charlotte, North Carolina. I did get my real estate license mostly out of curiosity, not sure how I am going to use it though. I plan to focus on the northern part of Charlotte, mainly Huntersville, Cornelius, Denver, and Mt. Holly. I already had made an offer on a different house, later figured the numbers wouldn't work. Then upon a follow up analysis with my dad we realized I was wrong and that it would work, but it was too late it was gone. I was proud of myself for being able to walk away in the face of the numbers I had at the time I made that decision, I regret that my numbers were not accurate enough to realize that it was actually a good deal though.

TL;DR: I was here before, I couldn't get started. Now armed with a fresh perspective I proceed once again into the fray.