Balancing Patience with Inaction while Looking for the First Deal

[Alex Ritter]

Is anyone else struggling with feeling productive with your time when looking for your first deal? Would love to hear how others are staying patient and positive with their progress, whatever they deem that to be. What are you doing when you have a lull or are saving capital, that is helping push you forward?

To set the stage I'm a rookie with a full time W2 job, but with COVID I have had some extra free time. I've been really focused on investing more time taking actionable steps to close my first deal. Even though I feel good about taking small stops, I still worry about getting into this analyze paralysis that we all fight with. 

What I probably shouldn't be doing or am doing poorly.

• - Getting distracted by other REI strategies that I don't understand yet. I definitely feel like the dogs in Up... "Squirrel"
  - Having an organized Goal Setting Strategy. Definitely need a better process 
• - Not posting enough on the forums
• - Strategic networking in my area (Winston Salem, NC)

What I'm doing well?

• - Continuing my education with podcasts, reading, and research
• - Analyzing potential deals and honing in on my criteria
• - Working with a real estate agent and a property manager to evaluate opportunities in the market

Appreciate everyones' thoughts. 

AR

[Carrie Blaskowski]

@Alex Ritter congrats on your first deal! I can’t wait to hear how it all works out.

You positioned yourself well, did your research, and it felt like it fell into your lap. In reality, your work and preparation had you ready and in the right place at the right time to take advantage. I wish you much success.