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Updated almost 7 years ago on . Most recent reply

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78
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Caleb Anderson
  • Rental Property Investor
  • Locust Grove, GA
19
Votes |
78
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Want to start, but should I?

Caleb Anderson
  • Rental Property Investor
  • Locust Grove, GA
Posted
Hey BP, I’ve been doing research and keep hearing and reading “actually getting started”, as in buying a rental or BURRR or flip and hold, etc., is better than endlessly researching and analysis paralysis. I want to be aggressive and I am very motivated, but which is right here? I work 50-55 hours a week, steady income with a decent amount saved up. Not too much debt. Thanks for any help!

Most Popular Reply

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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,414
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

OK.  To answer your original question, “actually getting started...is better than endlessly researching and analysis paralysis", the answer is "NO", and that is the answer to both parts of your question.

It isn't a matter of one or the other, since neither is the way to go.

You don't, "just get started", without being prepared, and you obviously don't research something to death, and never get started.  The answer lies somewhere in between  You have to know enough to make the best decisions, know when and how to make adjustments when things don't go as planned, but you will never know everything.

I've been doing this since I was in High School, and I learn something new everyday that helps, or will help me down the road.

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