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Updated over 7 years ago on . Most recent reply

User Stats

114
Posts
92
Votes
Michael Volek
  • Investor
  • Arlington, TX
92
Votes |
114
Posts

Analysis paralysis is very, very real...

Michael Volek
  • Investor
  • Arlington, TX
Posted
Hello BP'ers, I've been studying real estate investing on and off since 2014. I've listened to almost every podcast, read dozens of books, scoured the forums and the MLS, sent countless emails, and I tell everyone what I want to do. I've put in so many hours on BP and google just searching and discovering. It's all I ever talk about. And I do it all while living overseas in Abu Dhabi. I have clear goals on what I want to do and how I want to do it. The BRRR strategy has always called out to me, and I have a clear understanding of my resources. Here's what gets me though. For every new thing I learn, I get this feeling of being overwhelmed. It's so powerful I get sick to my stomach like I'm going to vomit, and I question everything. It's like for every new thing, I feel like I've rediscovered just how naive and uneducated I really am. It's the due diligence part that needs to happen before acquiring the property. It's the legal part, the title searches, documents and contracts, the order, and the timing. I'm so hesitant to ask for help because I know it's all right here on BP, and I just bought the book on rental investing in hopes of learning how to go about doing all this. I know if people can invest out of state, then I should be able to do it while I'm overseas, but I just can't seem to pull the trigger. So now I humbly ask for any advice the BP community can give. Will you please, please help me? -Michael Volek (Edit: I tried to post my contact info and number but it is not allowed outside the marketplace)

Most Popular Reply

User Stats

114
Posts
92
Votes
Michael Volek
  • Investor
  • Arlington, TX
92
Votes |
114
Posts
Michael Volek
  • Investor
  • Arlington, TX
Replied

@Tony Wooldridge, hey I know you! I just read your blog posts a few days ago! I recognize the way you spell GR8!

I'll tell you exactly why I want to get into real estate, or to more accurately depict my agenda, why I want to THRIVE in real estate. It's simple; I want to thrive because I know I can. I have always believed I wasn't challenged enough growing up, and I had the same experience in the Air Force. This is a way for me to rise to the challenge and prove to myself I can do anything I set my mind to.

Since I wrote this post, I've had a few BP members reach out to me and give some pretty insightful advice. I have even been contacted by an investor in Dubai, who has not only shown me many things, but he has also become a good friend to me. 

I appreciate you reaching out to me as well, and I hope to see the exciting conclusion to your blog!

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