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Updated over 9 years ago, 05/15/2015

User Stats

13
Posts
2
Votes
Jerome Harrison
  • Flipper/Rehabber
  • Odessa, TX
2
Votes |
13
Posts

Turning Mistakes Into Lessons

Jerome Harrison
  • Flipper/Rehabber
  • Odessa, TX
Posted

First off, I want to thank all those who give advice and share there experiences here on BP. You have been a tremendous help. 

I have spent countless hours reading post, books and anything on investing I could get my hands on. In the process of rehabbing my first solo project, and getting my first listing under contract in less than 30 days, I've realized that no amount of reading and research will fully prepare you. From dealing with contractors who attempt to take your kindness for weakness and order more than needed material (for there own use), to unforeseen issues with a property's structure, proper budgeting and the list goes on. I'm extremely blessed to have a mother who has been a real estate professional for over 25 years. With that said, I tend to be stubborn at times and feel my way is best (based off what I read and think). While learning from others mistakes is key to our success, some lessons are best learned from our own. In the words of Rita Mae Brown “Good judgment comes from experience, and experience comes from bad judgment.” This first project has taught me many lesson's. Above all, I am not omniscient. After almost a month into the project, I have now let go of the " I can handle it on my own mindset", and now happily allowing someone with the experience and knowledge guide me through the process. 

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