Wednesday, January 25, 2012
Because Nobody Told Me I Couldn't
And so we bought a 100 year old commercial building with 3 retail and 3 office tenants for $1000 and it cash flowed nearly $2000/month for the first year and a half we owned it. After that taxes went up, a main tenant left and another main tenant decided to be unreliable on his rent payments, Isabelle was born and I decided I would rather manage her than a bunch of high maintenance tenants so we put it on the market and 3 years after buying it sold it for way more than we paid. I will probably never see a check that big with my name on it again.
At the time my brother was also a real estate investor (still is) and selling residential mortgages. He couldn't believe what we did and told his boss about it. They laughed about it and his boss said we were able to do it because, "Nobody told them they couldn't."
For every good idea you have there is a line of well meaning friends, family and business professionals ready and waiting to tell you why it won't work. They don't know they are crushing your dreams and hindering your chances of success, they think they are protecting you from the disappointment of failure.
So I continue to work on starting an online business. I am taking the lesson I learned from the building and taking some time to learn about Internet marketing. But I am also stepping forward with a belief that I will not fail and that I can do this. And while the first thing I pursue may or may not make me money it will not be a failure but just another step toward success.