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Updated over 10 years ago on . Most recent reply

User Stats

317
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72
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Paul Winka
  • Rental Property Investor
  • St Louis, MO
72
Votes |
317
Posts

Feels like competing against McDonalds with a hamburger stand!

Paul Winka
  • Rental Property Investor
  • St Louis, MO
Posted

I need some encouragement.

After taking in many the forum posts, blogs, articles, advice, podcasts that this site has to offer in the last couple of weeks, I must say I am a bit intimidated by whether or not I’ll be successful to the degree that I can be better off than with keeping my day job. I listen to a BP podcast about guy has done 400 flips, another investor buys bought a 54-unit apartment with a Reg D Security, and yet another newbie gets a fixer-upper for 30% of market value and rehab costs are $10K below estimates while having a wife and two kids….yadda yadda. I realize this board is here to help out new and seasoned investors alike, but I also know that you are the COMPETITION that could swoop my first potential deal from me too!

Let me put it another way: It’s though I am proposing to put up a hamburger stand up and hope to make a go of it while Burger King and McDonald’s are just across the street. Are there really enough deals out there for everyone? Did you feel this way when you started? When was the turning point for you when you felt like you could make ago of it?

No platitudes please, but constructive helpful comments that perhaps are not what I want to read, because for now, overcoming this in my biggest mental block. ?

Most Popular Reply

User Stats

6,201
Posts
4,343
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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
4,343
Votes |
6,201
Posts
Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
Replied

Don't worry about someone who has 400 rentals or 1000 rentals, or whatever.  No matter what you do in life, SOMEONE will be richer than you, faster than you, etc.

Just remember that you have goals and dreams and they are important too. Don't compare yourself to someone else, compare yourself to yourself and just concentrate on making yourself the best you can be.

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