Updated about 2 years ago on . Most recent reply
If Not Now, When??
Still thinking about real estate investing? Dreaming about it? Talking about real estate to your friends and co-workers? Studying. . .reading. . .hours watching videos on YouTube and, god help you, TikTok? You’re kidding yourself, but understand this: you are mired in Paralysis of Analysis, a virus worse than Covid.
3 months becomes 6 months becomes a year, and you’re still standing in the same spot. Rates are up and rising; sales are down; price reductions are becoming more common; and houses are sitting unsold longer. If not now. . .when??
It took me 3 years to break the shackles of Paralysis of Analysis. Don't be like Mike. That was almost 30 years ago and I’ve been investing ever since. How did I finally move on from studying to investing? I settled on ONE strategy that fit my financial abilities at the time. Like many new investors I was filled with enthusiasm but empty in the pockets, forcing me to go creative and on the cheap. For me that was working assignments and flips, which enabled me to raise some much needed capital and then get into other strategies.
Hopefully this helps some of the n00bs who are trying to kick off their new business. Feel free to share you questions and concerns. Also happy to share my opinions on in-laws, making great pizza, and my NY Giants, (ugh).