Chasing Financial Freedom

Ep 275 | A Candid Chronicle of Real Estate Ambitions and Adversity

April 10, 2024 Ryan DeMent Episode 275
Ep 275 | A Candid Chronicle of Real Estate Ambitions and Adversity
Chasing Financial Freedom
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Chasing Financial Freedom
Ep 275 | A Candid Chronicle of Real Estate Ambitions and Adversity
Apr 10, 2024 Episode 275
Ryan DeMent

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Caught in the whirlwind of a real estate deal at Baird Park that's been nothing short of a nocturnal nemesis, I bare it all in a heart-to-heart on the sheer intensity entrepreneurship can bring. My sleepless saga, dominated by the meticulous demands of a private inspector, echoes the familiar pangs of high-stakes business ventures. The property's potential to pivot our success hangs in the balance, and the journey has been a relentless test of my resilience.

Throughout this candid episode, I peel back the layers of not just the deal, but also the emotional and mental toll it extracts. Each inspector visit carries a weighty cost, both financially and psychologically, and the mounting setbacks have pushed me to my limits. However, the experience has ignited a transformation in perspective. The hardship is morphing into valuable lessons, and this narrative serves as a potent reminder that adversity often sets the stage for triumph. Tune in for an unfiltered glimpse into the world of deals, determination, and the delicate art of bouncing back.

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Show Notes Transcript

Send us a Text Message.

Caught in the whirlwind of a real estate deal at Baird Park that's been nothing short of a nocturnal nemesis, I bare it all in a heart-to-heart on the sheer intensity entrepreneurship can bring. My sleepless saga, dominated by the meticulous demands of a private inspector, echoes the familiar pangs of high-stakes business ventures. The property's potential to pivot our success hangs in the balance, and the journey has been a relentless test of my resilience.

Throughout this candid episode, I peel back the layers of not just the deal, but also the emotional and mental toll it extracts. Each inspector visit carries a weighty cost, both financially and psychologically, and the mounting setbacks have pushed me to my limits. However, the experience has ignited a transformation in perspective. The hardship is morphing into valuable lessons, and this narrative serves as a potent reminder that adversity often sets the stage for triumph. Tune in for an unfiltered glimpse into the world of deals, determination, and the delicate art of bouncing back.

Buzzsprout - Let's get your podcast launched!
Start for FREE

Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.

Support the Show.

Thanks for Listening! Follow us on Tik Tok Facebook and Instagram

Speaker 1:

You know, when you have one of those weeks where you have serious highs and serious lows and I'm not talking about a roller coaster. I've been on that one for about 10 days, with our first property being sold on Baird Park, and we've had some challenges with the private inspector and what he is looking for in a couple items. And can you say that I've had some sleepless nights, to say the least. And whether you're an entrepreneur, a W-2 employee, when you're on one of those projects that is going to make or break your business, it is truly, truly excruciating at times, especially when you can't sleep at night because you're worried about this. And for me to worry about something to this extent is tough. I mean, everything else in my world stops because of it and I just don't want to ever be here again and I just don't want to ever be here again. So once we get this thing to the finish line today, squared up, everybody's happy. I've got to change a bunch of stuff from one, my mindset. Two, my business, and three, a way to protect ourselves. Excuse me, let's say that again protect ourselves to make sure this all works, because everything is hinging on this deal. And why do we want to be in this type of position when we don't really need to be.

Speaker 1:

There are a few other things under the hood that I'm trying to work business, but then also getting this done. So it's off of everybody's plate because it's slowing down our other projects, it's slowing down other work, it's slowing down the development of the block. It's just getting crazy. And to get all this done, guys, and off my plate, is the number one thing that I want to do. But to say that beyond push to my limits. Yes, am I so far down a rabbit hole that I can't make a shift? No, I think from a mindset aspect, because I can't control everything that's going on in the business. From this aspect, because I can't. Everything depends on this and this private inspector to come out and say everything is good, that's. I'm struggling because I don't get why we're not passing. We've asked the questions, we've done what he asked us to do and now he says that we need to make additional adjustments. I don't know how to describe that other than pretty crappy, to say the least. But also, it's really disheartening that there's potentially every time he comes out. It's really disheartening that there's potentially every time he comes out it's $175 trip charge that I'm having to pay. So far he's been out three times. That's three times too many and I just I don't get why. So enough of that, guys. I just I'm going to get off it, because if I dwell on it more, all it's going to do is just cause more trouble than it truly is worth.

Speaker 1:

The last piece, guys, I wanted to talk about today is just this when you're down and out in business, in personal life, whatever and this is just me being me, and I'm just explaining there is a higher being, it's God, whether you believe that or not. I respect that, but also it really focuses in on you need to focus in on the positivity and the things that you're grateful for, because if you're not, how are you supposed to get any more in life? How are you supposed to push forward? They say the most difficult times will bring out the best of times for you, and I truly believe that. One but two. The other thing I believe we go through these situations for a reason and we can learn from them and move forward.

Speaker 1:

I have just been so worried that this deal isn't going to close and we're doing everything in our power to make it close, and it is and it just feels like that. I can tell you that there's things pushing against us to get us over the top and we're doing whatever needs to be done asking questions, following through, doing the things that need to be, just going to call myself out I can't worry about it, and then put my head in the sand and say it's going to be okay. That doesn't work. You can worry about it, but then you got to do something about it. If you're going to worry about it and I've been on the guys like there's no tomorrow to make sure that we're not missing anything, because we only get one more shot at this, and this is it I'm anxious right now because he's coming this afternoon to do the final check.

Speaker 1:

The borrowers already signed. We've already signed, we're ready to go and get this done, and all I want to do is turn the keys over to this borrower, give them a beautiful home and move on to the next houses. That's what I'm trying to do. That's what I want to do, and I think I'm more disappointed in myself than anything, but the best way to describe it is I don't want other people to go through these problems and challenges alone, and the piece I can tell you is I know I'm not alone, but in a certain extent or a certain aspect, I am, because there's really nobody else that understands everything I'm going through, because it's me and Moose. Of course I have my family, but I can only put so much on my family. I'm not going to stress them out about what's going on too.

Speaker 1:

It's been somewhat of a lonely ride on this one, and making sure I keep it together, keep my head on straight, by all means. Man. I got to sleep. I'm looking forward to sleep tonight. I really am looking forward to sleep tonight. That's really all I had this week, guys, I know it's going to be short, sweet, and it's just me telling you guys what's going on, being transparent, but also, at the same time, I'm being real, which being real, also holds me accountable for what's going on and how I need to change things. So, guys, I hope you have a good one, stay safe, stay healthy. I'll see you guys on the other side.