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Updated almost 2 years ago,
Up & Coming. Advice for the over-analytic?
TLDR: NEW to REI, consuming a lot of information and don't want to waste my time. How would you proceed?
Hey folks, I'm Chase and I'm so new on here I don't have a profile pic (working on it).
Real estate investing is all new to me. Before the eyerolls ensue, I have a lot of cross-experience in business that makes everything I'm learning easily applicable. I'm great at the details, which is a blessing and curse. That being said, I've recently been reading The ABC's of Real Estate Investing and so far everything makes sense. My concern is the more I dig the more I realize there's so much to learn without just jumping in and potentially making some costly mistakes. The difficulty I find is hearing so much advice from everyone in the game to "take action", "just do it", etc. I'm also limiting who and what I learn from, but at this point I'm having trouble navigating/organizing the flow of information. Yesterday I discovered a podcast on how the wealthy use tax laws to become wealthier and now I've got more to learn (and that's understood).
The point here is this: I'm treading carefully. I'm planning aggressively and shaping my business plan according to what my goals are for the next 7 years. I'm not a fan of wasting time, so to stop myself before I get in way over my head I want advice to either validate or constructively criticize where my head is at.
How would someone who has been success in this field navigate their learning path? Am I too impatient being so new? I want to learn what is vital and ignore anything that is not.
I appreciate any feedback!