Week 10 | Patience 101

Over the last three weeks there hasn't been much activity on my end. I've struggled a bit with maintaining a disciplined weekly process and have been working on helping my wife understand the real estate world a little. Last week I checked out Robert Kiyosaki's, Rich Dad Poor Dad, again. Since my previous blog, I got the book and audio book in an effort to help my wife become more financially literate and understand more about investing. She's only read Sharon Lechter's comments in the forward and listened to the introduction, but there is some buzz and excitement as demonstrated in her Vlog. I don't want to be pushy or forceful and I want her to read and learn on her own timing and progress. This, of course, is conflicted with the massive amount of opportunity around us right now that I feel we're foregoing. I read in the scriptures this proverb and gained some perspective:

"Better a patient person than a warrior,

one with self-control than one who takes a city." - Proverbs 16:32

I'll continue to be patient as she learns and gets on board. In the mean time, we've scheduled time with our Real Estate agent, who is also an investor. This will happen next week Thursday. I know this will be a helpful conversation for us both.

So, what else is going on? Well, over the last couple weeks of analyzing few deals, I've found two really good opportunities. Both have had over 12 offers on the table, most of them cash offers. Other mediocre deals I've found accepted only cash-only offers. This has been a huge bummer. When discussing it with my agent, I realized that currently this market has a lot of competition! Many many investors are looking for the staple 3/2 home under $100,000. This makes me think that I may need to alter my strategy a bit. The conversation with my Realtor next week will also be a strategy meeting. I've been considering Air BnB rentals as well as crowdfunding investing. This blog should hold me accountable to have some good information and research done this week on the subjects.

I've been getting my weekly process going again this month. I spent some time scheduling times for networking, analyzing deal, listening to podcasts, etc. Every Wednesday this month, I'll be attending a deal-maker sub group as part of our local REIA. At this meeting, local investors come to the table and discuss deals that they need assistance with, want to advertise or want to partner. I'm hoping to gain some good insight from those making deals as well as meet a ton of local investors. By next week, I will report on the first meeting I attend.