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

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

45
Posts
28
Votes
Zachary Clevenger
  • Bargersville, IN
28
Votes |
45
Posts
Zachary Clevenger
  • Bargersville, IN
Replied

@Michael Volek

I completely understand how you feel. I have only been at this for near two months now and have been reading, podcast, looking at properties, talking to people, asking questions, etc. It can be a bit overwhelming I can agree. One gentlemen I had the opportunity to sit down with and pick his brain made this suggestion to me: "At some point you are just going to have to do it.... and learn from experience".

To me this makes the most sense. I am a Honda master level automotive technician. I did not go to school for this, read books, or listen to podcast to be a mechanic. I just did it. I learned along the way. There were ups, downs, bumps, hills, mountains, asking questions to those in the business forever, and all kinds of things learnt along the way, but as a result I am one of a handful of people in my district that is considered "at the top". People come to me for answers, and through my experience I can give them what they seek.

I am trying to make this somewhat of my approach to real estate investing but with a slight twist.

***Learn through experience***

That can mean either partnering with someone on a deal, being a participant, or having an individual with more experience "hold my hand" through the journey. 

Loading replies...