I took a class on buying pre-foreclosures in 2006. On the first evening, our small group of wanna-be flippers took 2 real estate investors who were previous attendees and had great success, to dinner. The wine was flowing, the questions were many, the fear was real, but I had made the leap.
At one point in the night, I reached across the table and grabbed one of the wine corks. I looked at it, through my wine-buzzed haze and said to myself, “I am going to do this, cork! This is what I am going to do. I am going to make this work.” I slipped the cork into my pocket and over the next few years, I often stared at that damn cork and reminded myself of the promise and the sacrificesI’d made to make this work.
And 4 or so flips later, when I still hadn’t had
much any success, the phone started ringing and ringing and ringing. Realtors wanted to show a flip I had just finished in Huntington Beach. I received 3 offers within a week of listing it. I accepted the best one, made enough money to cover all my previous mistakes (almost) and I felt some success. Now I had reason to continue, even though I probably hadn’t made a dime in 2 years of working hard. I didn’t care, I had validation.