I'm feeling a little down because a deal I was working on fell through. Someone came in with a much higher offer, which was surprising since the ARV was $251K, and the house needed significant rehab. Even though I'm sad, I'm not letting it stop me. I was back out the next day putting up sticky notes, and we continue doing that every weekend along with driving for dollars (D4D).
Our real goal is to focus on BRRRR (Buy, Rehab, Rent, Refinance, Repeat). We plan to make our first purchase a mobile home after the start of the year. For now, we're working hard to build our credit, which is already in a decent place since we don't have significant debts. I'm also finalizing my father's estate, and I plan to use my inheritance to invest further in real estate.
Losing my dad last year has been very difficult, especially because of the circumstances with his wife. My brother and I had to hire an attorney to fight for our share of the estate. My father didn’t have a will, which has complicated everything, including forcing the sale of property. It’s emotionally draining, but I’m determined to honor his legacy by building a real estate portfolio, just like he did.
On top of that, I’ve faced a lot of loss in recent years. I lost my mom 11 years ago, my aunt (who was like a mom) in 2020, and my dad last year. I’m a mother, a wife, and I work in healthcare, so balancing everything is tough, but real estate is my passion, and I’m chasing my dreams. My husband and I both work stable W-2 jobs (he’s in trucking), and our goal is to eventually transition to real estate full-time. However, we plan to keep our jobs until we’ve reached a sustainable point with our investments.
Right now, wholesaling hasn’t been working out for me, and while I’m not giving up on it, I’ve realized I need to focus on one thing at a time. The stress of managing my father’s estate, dealing with attorneys, and everything else has been overwhelming. Still, I’m not quitting. I’ve educated myself with books like Rich Dad Poor Dad and real estate podcasts, and I know I’ll succeed.
I’d love advice from others who’ve been in my shoes: Is it okay to start investing in a different area if one strategy isn’t working? I believe there’s opportunity in every corner of this business, and I want to make the most of it.
Also figured I would reach out to likeminded people, the only family I have is the one I am creating I have my in-laws support as well so that is a help. I guess losing my parents all before 30 has just been a hard obstacle but this too shall pass.
