Reconciling Conflicting Information / Dealing with Negativity

[Jewel B.]

Happy Weekend everyone,

Today I want to ask how everyone deals with contradictory information, negativity and discouragement, and naysayers.

What I mean by this is that with every market or strategy one chooses, you will find plenty of people saying it's great and plenty of people saying it's terrible. How heavily do you weigh the doomsday advice and articles in your decision making? How do you know what's real or not?

For example, looking at one market people might say great cash flow or ROI and others might say it's terrible and there's no deals around. Or with STRs some people might say they're great and others say it's oversaturated, share horror stories, say occupancy and revenue is low, and generally make it sound unappealing. And not just individuals out of the game but individuals in the game. And not just individuals but also news articles such as this recent one.

How do you settle on a market and strategy and move forward when your head is spinning with totally different information?

Thanks!

P.S. My interests are rental property investing in LTRs/MTRs/STRs, student housing and Section 8, SFHs and small MFHs, FHA househacking locally in Pennsylvania, and OOS investing in the Midwest/South/Sunbelt, particularly Ohio, Indiana, West Virginia, or North Carolina. Value adds. Clearly not all at once :)

[Bruce Woodruff]

Run your own numbers, learn your markets, figure out your comfort zone...... and forget what everyone else says.