Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

28
Posts
17
Votes
David Shulski
  • Accountant
  • Selden, NY
17
Votes |
28
Posts

Spending every free minute fixing up this house

David Shulski
  • Accountant
  • Selden, NY
Posted

Live on Long Island NY.  Because of the high real estate taxes on Long Island it doesn't make sense to rent properties unless you are holding section 8 homes where you are guaranteed payment each month.  I really don't want to do that.  So I have invested everything I have into a foreclosed house.  I'm 3 months in, but I'm spending all of my time fixing it up while trying to maintain my 9-5 as an accountant.  It is exhausting.  I'm staying on budget and I'm hoping to pull anywhere from 50-90k from this investment.  But it is taking a toll on me.  Is this how it starts.  It's a learning experience, I know.  I'm single right now so I do have the time.  I don't know how I'd be able to keep up if I was in a relationship or married.  Hopefully I can learn what is worth doing myself and what is worth paying for.  Is this normal.  Does everyone have these growing pains at first?

Most Popular Reply

User Stats

41
Posts
27
Votes
Matthew Jones
  • Business Metrics Analyst
  • Cornelius, NC
27
Votes |
41
Posts
Matthew Jones
  • Business Metrics Analyst
  • Cornelius, NC
Replied

Just like every hobby or business, it takes blood, sweat and tears to be successful. The struggle and grind creates character and you will learn how to do things better and faster with experience. Some parts of your rehab are cheaper and more efficient to have someone else do for you. (IE...roofing, siding, sheetrock...just examples)

Keep up the hard work, it does pay off! And single or not, when you find the right partner in life, they will join the struggle with you to make you both successful.

Loading replies...