Scared of Your Own Success

[Tariq B.]

So the other day I put in an offer on a property (making it my 5th house), I was told a few days later that there was multiple offers blah blah blah. So I adjusted my offer but didn't really except to get it, non the less I submitted it.

Bank came back with a counter to mine, they wanted to adjust the settlement date. No adjustment to price. In every other circumstance I would of been thrilled. But instead of jumping on it I told my agent..."I'll get back to you tomorrow by 1pm and let you know my decision." 

It was a weird feeling for me because I think we spend so much time dreaming about getting to where we want to get in life, that when it actually starts to become a reality it becomes kind of scary in a sense. I actually had to consult with other people to give me the courage to do it. I think maybe it happened because I have a lot on my plate, as I still am renovating a house I settled on in June. Not sure or maybe it's cause I'm 24 and thinking to myself..ohhh this is becoming serious. Or Maybe it's because I had a plan and timeline. But I am blowing that timeline out of the water by acquiring properties much faster that anticipated, which is nerve racking. 

Would like to hear everyone's take on this and if there has ever been a time in your life when you were scared of your own success?

[Christopher Brainard]

@Tariq B.

Is it fear or common sense whispering in your ear?

My current experience was similar to yours, but I choose a different path. I have purchased 8 properties in the last 6 months, I currently have one that is almost done with rehab, 2 that need to be turned, and one tenant that I should replace that I inherited that is on a month to month lease at 60% of market value. On top of that, I've been carefully tracking my financials and seeing the reality of all the expenses the come up as being a landlord. All those toilet assemblies and stove elements add up fast.

Yesterday, I had the chance to purchase another property in the market I'm targeting. I was really excited at first, but I heard that same voice you did a few days back. After further consideration, I decided to pass and focus on all the current irons I have in the fire.

Exceeding your goals is a great thing, but sometimes when we try to exceed our goals we leave many things unfinished in their wakes. Sometimes, less is more. Sometimes, less is less. It really comes down to your specific situation and how you feel about things. I sleep better at night knowing all my loose ends are neatly tied in a bow.

-Christopher