Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

11
Posts
5
Votes
Chris Kohlmeir
  • Memphis, TN
5
Votes |
11
Posts

Defining the line between "Analysis Paralysis" and "Beginner Edu"

Chris Kohlmeir
  • Memphis, TN
Posted

Hello Everyone,

Bottom line up front:
What advice do you have in regards to determining when you "know enough" to get started?

I like to think that I am a pretty thorough person by nature. I have always been a curious problem solver and tend to apply a methodical, fact-based approach to my endeavors. Based on the MBTI, I am an xNTJ (VERY slightly introvert leaning), if that helps provide context about me for anyone. I am the kind of guy that will read every available review, spec, statistic,  and comparison on anything that I buy or do before prior to execution.

I keep reading and hearing podcasts that advocate avoiding the "analysis paralysis."

I don't know what I don't know until I know it! No different than anyone else. However, being aware of how I operate--especially when finance is involved--I am paranoid that I may go overboard on the education/discovery phase of my journey.

There are a lot of smart people on here who may have been in my shoes at some point in time.

Whatever the feedback, I sincerely appreciate any advice you are willing to provide.

Thanks,

Chris K

Most Popular Reply

User Stats

429
Posts
393
Votes
Chris Coleman
  • Rental Property Investor
  • Washington, DC
393
Votes |
429
Posts
Chris Coleman
  • Rental Property Investor
  • Washington, DC
Replied

I remember when I got to the point that just about every time I read a new article, blog, write up, or listened to a podcast, or a YouTube video, I started to already know what they were going to say (most of the time...). I'm not saying I knew it all. But just that I had read it and heard and watched it so many times, that I was no longer really learning anything new, I was just recycling through the same information over and over.

That's when I think it hit me that it was time to just take the leap of faith and do it. The only way I was going to really learn what I needed next was from hands on experience.

And I had my team together (at least most of it), and with resources like BP, I was confident that there were plenty of people available to help me as the new questions came up and I navigated through unknown territory.

Loading replies...