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Updated over 6 years ago on . Most recent reply

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10
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Ken George
  • Eighty Four, PA
3
Votes |
10
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Failure how do you get over it?

Ken George
  • Eighty Four, PA
Posted
I started investing at 26. I bought a new house and did a rent to own wIth the old house. I was hooked. I built a business to 29 units and then got out of it so I could focus on my job. I have ADHD so a job was better for me. I bought bad houses in bad areas and broke even. I left the job two years ago and have been lucky enough to make money with my side gig a mlm company. I flipped two houses recently and made some decent cash to pay everything off that I own. I don’t make much money wIth the mlm AMSOIL business but I don’t need much. I have been thinking of trying rentals again but I’m scared to screw up. The flips did well but they were hard work. I did just about everything myself since I’m an electrician I have skills to do most tasks. So what do you do after failure? If you wanted cash flow would you go for rentals? How do you look back at feeling of failure and keep going? I’m just south of Pittsburgh Pennsylvania in a warm market.

Most Popular Reply

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7,695
Posts
7,859
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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
7,859
Votes |
7,695
Posts
Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
Replied
@Ken George. Where did you fail exactly? I don’t see anything you said as a failure. Maybe it wasn’t what you thought it would be like, owning rentals but I don’t see a failure anywhere. I’ve made and lost some money in real estate but for me I just learn from mistakes and move on. Over time you make less mistakes and improve your processes

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