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Updated almost 6 years ago, 12/31/2018
Sifting through the abundance of contradicting info as a Newbie.
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