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Updated over 1 year ago on . Most recent reply

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Allan Tualla
15
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41
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getting out of analysis paralysis

Allan Tualla
Posted

Hello everyone,

I feel like I've been stuck in the whole analysis portion of realestate, from reading books, watching pod cast and now joining the bigger pockets forums. with that being said how did you all get out of the "analysis paralysis" portion of investing. what made it easier for you? I've heard that the first property was the hardest and it gets easier from there, but what ultimately pushed you to finally make that first purchase

Most Popular Reply

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13,399
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,435
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13,399
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

By asking this question it tells me two things:

1 - You don't know how to, or don't understand what you're analyzing, or how to interpret it.

2 - You don't understand or know how the analysis relates to any strategies you know...or don't know any strategies.

There are three things every successful REI must know/have:

1 - The ability to analyze markets, not individual properties, markets.

2 - How money works.

3 - How to develop a REI Plan based on your SPECIFIC financial goals.

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