* On the abyss between doing and success * Yesterday we sold 3 of the properties we worked on in one day…
* On the abyss between doing and success *
Yesterday we sold in one day 3 of the properties we have been working on in recent months.
The three projects took less than 5 months, sold above the estimated price, at an average return of over 40%.
I mean, I invested 150k, I got 210k back, in a few months.
So far it sounds great, doesn't it?
so that's it..
Neighbor. That's really great.
(How did I work on you? You thought I would say no, right?)
But the drama takes place precisely in this time before success.
Investors are always talking about the difficulty in this business.
The difficulty of managing teams remotely, the difficulty of running a business that is 24/7, the difficulty of dealing with endless barriers.
But for me the biggest difficulty is actually the crazy gap I have been experiencing in recent months between doing and success.
Let's tell the truth for a moment.
We're talking about investments, yes?
The "way" does not interest anyone, if a project ultimately fails.
The "doing" is irrelevant, if in the end I did not make money.
It's challenging, and instructive, and key, and gives a lot of material to Facebook posts.
But the bottom line that is on my mind 24/7 is - the profit line.
the money.
The success.
And success here does not have several metrics, there is only one metric.
And is perfectly measurable, and clear as the sun.
And in flips, success is present and not present all the time.
A property exceeds a contract, and suddenly the contract is canceled.
Amazing advanced renovation, and suddenly stuck.
I feel like I found a perfect contractor, and then he's gone.
Success is approaching and receding.
Passes by for a moment, and disappears.
And I want to give space (mostly for myself) but also to anyone who needs it like me for a moment ..
To the very not-so-simple emotional place of this gap between doing and success.
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Neta champion on ????
Neta, I love your writing so much!
Real estate is totally an emotional roller coaster, once you are in the clouds, and once your head is between your hands and your heart is pounding!
Success does not happen overnight (and there are situations that do not always succeed), but the wisdom is to watch this roller coaster and know how to contain it, and most importantly learn from every little thing.
There is no failure — but either success, or learning ????????
Tell us the numbers of one deal. Instead another general post on personal development that we know by heart.
Yes, the bottom line but the road is so important to me and decision making - only through the road can one learn from mistakes and grow.
As usual my sister wrote a wonderful and refreshing way of thinking and giving room for failure, even though everyone in the field knows that sometimes failure is no less important and the way is very important but agrees with you, it is important to make room for it too, as you called it profit line and look it in the eye. Thank you darling❤
The ability to work and fail time and time again without seeing bottom lines
Over time makes us stronger and more experienced than others. ????????
Stamp in time!
The difficulties along the way are so many, to tell about success without telling all the bumps and the abyss that threatens it and failure, even if it is temporary or one-time, is to paint all this business pink.
And when the bottom line is in front of our eyes, especially with investor money, it increases the serious pressure.
Liran Revivo
Just yesterday I had a conversation about it. What part of.
I totally agree with you about the bottom line thing but also think it takes a moment to look at what we learned from the whole thing. If we supposedly knew everything in advance then the bottom line is unequivocally the most important, but, if it's something we do first time (I for example work with bronze Manny Lander for the first time) then it's clear that along with the very important bottom line there is also a learning graph…
It seems to me that even a veteran investor like you has a learning graph and it is true, for our investors this graph is not interesting but it seems to me that our way is also important.
Besides - you're a cannon and what a stunning gain!
Very very much identify with what you wrote, although the very doing and the way even if it is not a huge success as you wanted or planned it always has learning ☝ ???? Every asset I learn something new whether it is success or less successful and this learning and these lessons led to successes Others in transactions and other assets. Success can be expressed in several aspects not only in money it could be that the lesson you learned following a “failure” will bring you to a very successful deal that would not have happened if not as a result of learning from the failure. It's all in the eye of the beholder but we do not lose anything along the way in the eyes of only gain! Or money or a lesson that will bring money in the future. The very act of doing is a wonderful thing and fills in how much it is sometimes super duper hard. Keep up the good work and success in future projects and congratulations on the sales !! ???????????????????
We want a few on failure so we can learn from mistakes as well
Excellent post. Thanks Neta for sharing!