Up & Coming. Advice for the over-analytic?

[Chase Mershon]

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!

[Brett Deas]

My best advice, just do it. You wont know everything and that is ok, lots of people fall on their face (me included) but we turn out fine. It's how you adapt to them is the key. You also have to drill down on what you want to know and ignore other things. There are way to many things in this industry to know it all, so I outsource things like tax strategies and other nuanced things to the professionals that I trust. If I had to learn all about the taxes I would not be able to do what I do efficiently because I would be focusing on too much.