How did you overcome information overload and get started??

[Catalino Rodriguez]

Hi All,

So I have been STUCK in an analysis paralysis stage for the last 2 years! I have the money, good credit and time (Retired Military so also access to VA loans if necessary ) to start investing in rental properties but there is literally so many books, podcasts and websites dedicated to rental property investing and I have read (and listened too) so many of them and I have learned that a good portion of them have different ideas of how to get started. I am literally stuck right now and have so many ideas on how to get started based on the research I have done BUT still have not gotten started...... SO with that said I was just wondering how people here got started? I am honestly thinking at this point to just start with turnkey properties but that is only because I don't have a team or network to start with the BRRRR method yet. Looking forward to seeing the replies.

[Brian D.]

Catalino,

Full disclosure:  I'm just starting in the research phase and haven't done this myself.

But I would say two words to change the pattern you've gotten yourself stuck in: 

1. Momentum

2. Accountability

You're in a thought bubble, but the action is going on outside of your bubble.  Pop the bubble and start a new pattern - one of action.

1. Momentum - you have the time, so start doing something.  Promise yourself you're going to commit to this for 2 weeks.   You just need to start changing your habit of inaction.  Set an alarm for 10:00am every day for the next 2 weeks, and analyze 5 deals.  Use one of the calculators on this site, or another of your preference.  

2. Accountability - you're in the bubble by yourself. If you're not able to motivate yourself into action, make yourself accountable to someone else. Find a partner (identify local players; REI groups; BP) who will expect something of you. 

If you're completely against partners, or that would create more barriers to action, then just take the 5 deals you analyzed above, pick the one you like the best and post it on BP for feedback.  Does one stand out as a good deal?  Put in an offer!