Thursday, September 20, 2018

You Mad Bro?


So the past couple of weeks have been an exercise in anger restraint.  Everything costs more, more expenses than expected, set up a date to film a commercial and it rains (we film anyway - this ought to be interesting), trying to get our buildings up prior to winter and it rains 4 out of 5 days.  All just a head scratcher.  Plus we find out that we'll owe somewhere in the neighborhood of $30k for 2018 taxes (estimate).  Wasn't quite expecting that one.  Oh, and property taxes in Houlton are probably going to double (or close).  So all of these things are conspiring to keep us down.  Frustrating, yes.  Will this hold us back?  No.  As the big guys say, this is what defines you.  Can you keep it together when times get tough?  And you know what, if we can get through this hard time, it's going to increase our confidence and experience and allow us to more easily push through next time.  In the end, $30k isn't going to break us.  But we also know we can't have too many of those types of hiccups and expect to keep it together forever.  So the idea is to keep pushing on and get a few new deals in the works to increase income.  I think once we get to $10k/month net income generation, we'll be able to start really stockpiling money again to go after additional properties on our own.  But then again, our philosophy on venturing out on our own was that we'll need to get partners to continue to expand because no matter what, we're going to run out of our own capital.  So I'm going to keep my eyes on the prize.  There is no time to be mad.

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