New Tucson Investor

[Bryan Taylor]

Hi! I am new to investing. I have read the books and listened to the podcasts while trying to build reserves but I feel like I am in the “analysis paralysis” stage of my investing career. I would like to meet individuals that can help push me into the right direction to close my first deal and hopefully build relationships that will benefit myself and others. If this sounds like something you are interested in I am all ears. I live Tucson, I am also active duty military and eager to get started.

[Brian Geiger]

@Bryan Taylor,

You have to pull the trigger. One of the main reasons why people are on Analysis Paralysis is because of fear. I always remind myself of a quote that Former U.S. President Franklin Roosevelt said: "There is nothing to Fear but Fear itself."

Now here are some ways you want to get out of this fear:

1. Hire a Coach: If you have the investment, this may work well for you. Your coach will hold your feet to the fire and hold you accountable. It seems to me that you are looking for someone to hold you accountable and I think a coach can help. Now you want to research different coaches in terms of experience and content. There are a lot of junk out there so be careful.

2. Create a business plan: Believe or not, this can help you get into action because you are seeing the plan in black and white. A lot of people are stuck because they have nothing written down on paper and so this adds to the fear of getting started. Have a business plan that will walk you through how to get your first property.

3. Understand your market: Market research can help with breaking your fear. Start off by talking to brokers in your market as well as other investors. Find out where are the good submarkets and what areas are growing in your market. Join a meetup and get out there and network with people in your market.