Sifting through the abundance of contradicting info as a Newbie.

[David Vander Pol]

Hello Fellow BP'rs,

I wanted to throw this topic out into the crowd and see how it surfs.

I've been thinking of reasons why people get excited about investing in real estate, but get stuck in analysis paralysis and never pull the trigger, as I, myself, have just as much trouble with this as the next investor.

There are obviously numerous, individual barriers that each person must figure out how to overcome: not enough initial capital, no connections, not enough knowledge to where they feel comfortable moving forward, etc, etc. But one reason I thought of that I feel is probably a huge Achilles heel for many (I know it often is for me) is the abundance of contradictory information. 

Some examples:

• Wholesalers can find the best deals   vs.   Wholesalers are dangerous to work with.

• It doesn't matter what deal you do, just start to get your feet wet   vs.  if you don't put the time in to learn, you'll go under if you don't know what your doing.

• You need top tier people on your team in order to succeed   vs.   top tier people won't even bother with you if you are starting out.

• One person's view on a specific neighborhood is good   vs.   another persons perspective on the same neighborhood is that it's bad.

There are countless contradictions throughout BP and anywhere else one searches online. But I'm curious how you guys fight through those struggles and end up doing whatever it is that you did to overcome your specific hurdles.

Looking forward to reading your responses!

-Dave

[John Warren]

@David Vander Pol it can be confusing starting out, and sometimes you can have "too much" information for your own good! I will tell you that I have gotten the most value out of local networking groups when it comes to keeping me grounded. I found a local land lord association in Berwyn, which is where I have been investing, and a lot of the older land lords have been great mentors. They have been through it all, and are very realistic. 

I do think it is important to take action in whatever type of investing you want to do. Take your time though, as this game is a very certain path towards wealth if you invest wisely and patiently. Go to networking events. Surround yourself with successful people, and slowly build things up along with your financial position. Your investing should almost be like watching grass grow... boring!