Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 about 6 years ago,

User Stats

23
Posts
12
Votes
Gary Harrell
Pro Member
  • New to Real Estate
  • Carmel, IN
12
Votes |
23
Posts

Total Information Overload

Gary Harrell
Pro Member
  • New to Real Estate
  • Carmel, IN
Posted

Newbie with no prior real estate investing experience other than buying my own homes over the years. I have been scouring this site for the past couple weeks since joining. I've ordered some real estate investing books. I've followed links to other investors that Brandon and Josh have had on their podcasts. I've read several of other investors' information, newsletters, freebies, etc. I believe in educating myself before I throw multiple thousands of dollars at something, be it my money or anyone else's. 

I'm looking at BRRRR and/or rehab and flip. Just the information on rehabbing is mind-boggling. Hell, just what to look for in a general contractor, putting together a contract for said general contractor, permits, insurance, on and on and on. I feel I'm getting analysis paralysis and I haven't even looked at a property yet to analyze a deal to see if it is even worth it yet.

Just do it isn't me. I'm an accountant by profession. I'm analytical by nature. And, I have a risk averse wife that doesn't want to put money anywhere but under our mattress. I am so excited about doing this REI thing. I also know how much I have to manage her stress, which may be a tall order. I need so much to get this right coming out of the gate, ease her mind and get her buy-in on this venture.

Is it really best to just take the plunge and dive right in? How best do you recommend a guy start out but minimize risk to avoid devastatingly costly mistakes? I don't mind paying for education, but I don't want to be sunk before I even get started, and I'm having a really hard time getting off the couch so to speak. 

  • Gary Harrell
  • Loading replies...