How do you jump into your first deal?

[Felix Torres]

Hello everyone,

How do you jump into real estate investing? I'm a what I call a "Window Real Estate Investor". I look at properties and obsess over their potential, but never take action because I don't know how.

What do you suggest or what's your story when you first started out?

[Jonathan Bombaci]

You have what I had. I call it paralysis by over analysis. The only way to over come it is to remove huddles/excuses one at a time and turn inaction into action. 

Get preapproved if you have not already. Give that preapproval to your real estate agent. That takes the excuses away on being able to write an offer. 

On the next decent property you see put in a real low offer. Your goal isn’t for it to get accepted it’s to overcome that mental hurdle of submitting a offer. If the property is listed at $200k and you’re like “it looks good but I don’t know..” then put in an offer at $160k best and final. If you get it, sweet you just won $40k, but it’ll probably get rejected. That rejection is good it’ll motivate and mentally prepare you to jump on the perfect property when you see it. 

Good luck the first step is always the hardest.