1 Member Single Parent Investor Support Group (Meeting 1)
Here we are, at the end of the first year as a real estate investor, a journey I cant say I ever envisioned embarking on until maybe 2 years ago while looking for a transition from the previous career. As many of us have experienced in one way or the other, life changes, original plans need adjustments, and your equation must be simplified into clear priorities. For those single-parents (or any parent) the answer is easy and we try to build around it.
There is a few things to unpack in that first year of experience and much of the preceding single parent life that intertwines with it. But if this post is to serve its purpose as a support group, even if only for its one member, we will start with an introduction post, then follow up meetings will be something to look forward to as we strive to keep our motivation in line with our priorities and goals.
Sure, motivation, priorities, goals, strategies, business plans... All extremely easy things to dominate while ushering elementary and middle school aged girls through virtual school learning. Well, as long as the hotspot signal doesn't go out in the middle of their live virtual classes while driving for dollars, following up on leads, or driving to replace a microwave at your rental property that is an hour away.
Positivity is essential to success while having a persistence drive that fuels you toward those goals. However if there is anyone out there like me, when working the parenting job with no counter-support, it can be a little challenging at times to maintain your balance of responsibilities. It only gets truly hard when you do not maintain strong positive influences and attitudes in your life.
So in part, that is why I have showed up to this meeting today. With the aspiration to continue sending out positive energy to someone who might need it. A reminder that you are on the right track, keep moving, and keep positive. Show your kids how all attempts that turn in to mistakes, are something to be embraced. After all, the only way she is going to master how to graph different equations on the coordinate plane, is to attempt the workbook problems, get a few wrong, ask for a little help and guidance, and then keep trying again until she's got it down.
As for me, last year I left a 10 year career as a Marine Corps officer to focus on the kids. I started out with a single family rental purchased with an unsecured personal loan, made improvements, rented it out, pulled a Home Equity Line of Credit out for the higher appraised value (I think they call that a BRRR) and then rolled into a couple private lender investments for someone else's flips, a wholesale deal, 2 single family rentals acquired through lease options and one traditional flip (that didn't net anything, but we are always learning). Now I had a goal of 20 rental doors, so it definitely seemed like I fell short this year. But that's why I am here, to remind myself and maybe someone else that my kids are not being raised by child care workers, like when you work a W-2 for 12-14 hours a day. More importantly, you are learning invaluable lessons on the way to a better life for your family.
If anybody wishes to join or contribute to this Single Parent Investor Support Group, it would be great to have you. So far, it has helped the sole current member immensely, who has made the excuse to not prioritize networking and broad communication until he knows exactly about everything he is doing. Which I might be sitting on the sidelines for a while if waiting for perfection before putting myself out there. Hope to connect with some of you and look forward to discussing more in depth intricacies of single parenting experience and the world of real estate investing. Thank you very much for hanging out!!
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