Basecamp

If you have read this far into my blog, you may have noticed a timeline. I started at the beginning, from when Matt and I met and started working together through the trials of business, our failures, and our mindset through it all. We are almost caught up to the present day as of writing this. I wanted to give you all an accurate journey from where we started and what has led us to this point because I believe we will be successful and I think it will be an awesome live depiction of how we get there. A lot of people talk once they get to the top about their journey, not too many people talk on the way up about what they have experienced. Moving forward, I will give you a weekly update on what we are doing, what the market is doing, what we have learned, etc. Gone are the days of reflecting, we have trained, and trained and now we are at base camp. We are now about to embark on our journey to the summit.

Envisioning a business is fun and exciting and quite frankly the easiest part of it all. Everyone who envisions a business believes their plan is bulletproof and going to make them richer than they had ever imagined. Why wouldn’t you? Nobody is going to start building a business plan and think about an average business that barely makes it. The reality of it is, the vision is .0000000001% of the game. Getting dirty, working hard, overcoming rejection and setbacks and leveling up makes the other 99%. We have been finding that out first hand over the past several months. It took us 8 months to find a property within our parameters and submit an LOI (Letter of Intent) and get it accepted. Think about that for a second… our ENTIRE business model hinges on purchasing property and it took us 8 months to finally get an accepted offer… Not close on a property, just an accepted offer. That was the EASY part. Since we got the property in contract it has been an absolute uphill battle ever since. Currently (as of the time I write this), we’ve been in contract for 2 months and we are looking at another 2 months potentially to close as there have been some setbacks. These are gut punches to a new investor who has not done a multifamily deal yet, but this is part of the game.

Since we have been in contract, we have run the numbers 1000+ times, created our pitch deck for our investors, raised capital, looked through all the due diligence items, negotiated new terms, and so much more. As you can see, it is a lot of work with a lot of moving parts that could derail at a moment's notice. 

To wrap up here, why I want to share our experiences in real time is because there are going to be so many lessons and ups and downs along the journey and sharing them will 1. Help me process everything and think through our experiences, for better or worse and 2. Might give you a different perspective on starting a business and/or investing. I don’t necessarily know where this is going to go, but I’m confident at least I will get something out of it and hopefully you will too. It’s time to get to work! If you ever have any questions or comments or advice or you are interested in learning more, set up a call with me on our website, I would love to connect.