What's with all the pessimism?

[Andrew S.]

I'm in my data gathering/learning stage and yet to do a deal (except the three homes I've owned and a few business deal/leases.) In any event I'm talking to people in my local market and those in real estate (agents mostly) are so pessimistic it's incredible. You would think they would say "I will be happy to help you on your journey." Instead what I keep hearing is, "This market is too tough," "problem is you have to hold too long to make money," "Forget it, put money in stocks," "No deals out there, they're all taken."

I like a challenge so tend to brush these comments off, but it's a little discouraging when folks in the business are down on REI. I am hoping what I'm reading between the lines is that some agents aren't very good at real estate investing, just like my son's soccer coach was a horrible soccer player (I played with him in high school.) Anyone else find more pessimism than optimism out there? Except on these boards, this place is a "virtual cornucopia of positivism" : )

[Aaron Yates]

Originally posted by Andrew S.:

I'm in my data gathering/learning stage and yet to do a deal (except the three homes I've owned and a few business deal/leases.) In any event I'm talking to people in my local market and those in real estate (agents mostly) are so pessimistic it's incredible. You would think they would say "I will be happy to help you on your journey." Instead what I keep hearing is, "This market is too tough," "problem is you have to hold too long to make money," "Forget it, put money in stocks," "No deals out there, they're all taken."

Welcome to Real Estate. These comments never end and they always come from people who DON'T invest in Real Estate. Most Agents don't like the 'small' commissions and submitting low ball offers. It will take you some time to find an 'Investor Friendly' agent. Took me two years and 6 agents prior to finding my current agent.

IGNORE EVERYONE who is NOT making money in Real Estate Investing! Many agents do not INVEST.. they SELL. Some dabble in Investing. You need to find the INVESTING AGENT as I did. Then things start to smooth out in that area. But the negative feedback will still come from all directions.

Read my success story if you haven't already. You're not alone with negativity and obstacles.

http://www.biggerpockets.com/forums/223/topics/94794-and-they-said-i-would-never-do-it--if-i-can-so-can-you