Sometimes What's Standing In Your Way as a New Investor is You

[Jonathan Greene]

Many new investors claim to have analysis paralysis, but that's usually an excuse for either a lack of confidence (you need more meetups and more authentic relationships with other real estate investors) or shiny object syndrome (you want to house hack, but you like apartments, but also flipping, and what about storage). It's not the data or the asset classes; it's you.

You are often your biggest roadblock.

Considering this and looking at your journey differently, you can break the stalemate.

If you are new and want advice, you must be open to ALL advice, not just the kind that supports your first idea or asset class. The more diverse the feedback you get, the more open you will be. If you only look for the input you want, you won't get the feedback you need.

Self-awareness and self-analysis is a crucial part of investing. No one talks about it because they talk about the process, the asset, and the numbers (all relevant), but all you do is focus on the spreadsheet and the photos; you will miss the issue. Again, it's you.

If you make your first offer and don't feel confident, you will win and get cold feet (this is the worst). You will have a heart attack when you get your first inspection report. You will think you must be overbidding or the property is crap because you are scared to succeed. That's you, that's not the property (unless the property does suck).

So, learn to look yourself in the mirror first. Build your confidence by knowing other real estate investors in real life. Ask better questions. Make sure your lender, agent, and real estate partners are all on the same page. You want to find partners, not butlers. You don't want an agent who does everything you say. You want one that gives you honest feedback.

Good luck out there.