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Updated over 4 years ago on . Most recent reply

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Larry Marshall
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When you started, were you like “good lord this is too much!”

Larry Marshall
Posted

I’m in year 1—I have been eyeballing RE for years though. I have recently been reading a RE book every 7-10 days and man, have you ever been like “THIS IS A LOT OF INFO!!”

I want to do this, and I do believe RE can and will be apart of my life and retirement plan! But man, starting out, how do you get over the analysis paralysis and the insane fear of screwing up the first deal to the point where you wish you didn’t do it?

Do you buy a turnkey? Do you do a fixer? I have no experience with rehab. How’d YOU get the confidence to jump?

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Jonathan Greene
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#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Jonathan Greene
Professional Services
Pro Member
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

Overwhelm and analysis paralysis is usually an indicator of taking in the wrong information or focusing on how much you can learn instead of how to learn. How many properties have you seen in person? If zero then what have you really done so far to get into the game? Reading and calculators and podcasts and blogs are good, but until you walk into a 100k home and smell the mold and figure out how much a reno costs or how annoying tenants can be, you really won't know if you have the stomach for it. Go to REI meetups, make friends with investors, see if you can just go by their flips. Paralysis in REI usually comes from watching the game from the sidelines too long instead of just putting two feet on the court. Once you stand there for a while, someone will pass you the rock.

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