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Updated almost 8 years ago on . Most recent reply

User Stats

73
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16
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Joseph Rios
  • Investor
  • Paterson, NJ
16
Votes |
73
Posts

Lost my motivation :(

Joseph Rios
  • Investor
  • Paterson, NJ
Posted
I'm in the process of evicting a tenant, just finished another semester of my MBA degree, my full time job is draining me out... Basically I lost motivation in investing in real estate... I think part of it is due to the bad experience with the tenant or maybe it's my day job draining all the energy from me... basically I'm looking for a way to get back into it. I had a goal at the beginning of the year to have 10 Units by the end of the year and I only have 1 so far which I'm thinking about selling. Any tips would be greatly appreciated! Thanks

Most Popular Reply

User Stats

791
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1,670
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Austin Fruechting
  • Investor
  • Kansas City, MO
1,670
Votes |
791
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Austin Fruechting
  • Investor
  • Kansas City, MO
Replied

Why are you investing in real estate?  What's your long game/end goal?  If you don't have a concrete idea of where you're heading, then you're going to lose motivation.  A general goal of money, wealth or financial freedom probably isn't be enough of a motivator.  

My goal was financial freedom, but it was much deeper than that.  I thought about the life I would want to live if I didn't have to work.  Then budgeted out what that would take, and that was my target income.  It wasn't the idea of financial freedom that drove me, it was the idea of the life I was going to be able to live when I got there... and I got there in under 7 years. 

Also, consider hiring a property manager with all you have going on. 

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