Developing a Plan and Overcoming Fear

[Alysha Johnson]

Hey there everyone =) 

My name is Alysha and I am currently at the beginning stages of my investing career, remember how scary that time was?! Well the first book I started reading was/is "How to Invest in Real Estate" by Josh Dorkin and Brandon Turner. I'm currently reading about how to overcome fears and step one says to "Develop a plan and work that plan everyday". Hmm, well in total transparency, I don't even know where to start a plan! 

My question for you is, what is your plan that you work everyday? Whether your'e a newbie like me or a big city developer. What are your daily do's? For me, I currently read a lot whether its this book or the forums. But I know or feel I should be doing more. 

In addition, in the same chapter the authors say to "Watch Others" that "by associating with investors who are involved in the same kind of investing you want to get into, you will naturally begin to pick up on the traits that make them successful". With that being said, if there are any investors in the Dallas Fort Worth area, I would love to work for you for free, nights and weekends. =) I am currently really interested in the brrrr strategy however, I do feel like getting my feet wet in any investing would be beneficial. 

[Alex Grosvenor]

Hey Alysha. Just to tack onto what Clint said. Go on Facebook and look into DFW investment groups and wholesale groups. Put your email on every list you can find there(trust me there’s a ton). Then you will never have a lack of deals to analyze.

There are tons of local events happening in person right now in DFW I was just at one on Tuesday evening and next month there are some more so reach out to me or go on BiggerPockets Events and find an event near you. 

A huge part of being an investor is you get to make your own schedule right? What that doesn’t mean is that you have no schedule. Have a schedule that keeps you focused on your goals. Take a while and figure out we’re you want to be in 5-10 years. Write it down. Once you figure out where you want to be and work backwards. That way you have clear and defined goals and that schedule is a plan to hit those goals. 

I understand that feeling of “am I doing enough?”. The tough answer is probably no. Are you watching TV instead of analyzing deals? Are you going out with friends instead of growing your network of investors to connect with? Are you doing absolutely everything you’re supposed to do to get to where you want to be or are you one foot in and one foot out? I say those things just to get you thinking about your everyday activities. What are you doing every 30 minutes of your day. Is it working towards your goals or against them.

If you haven’t yet start listening to BiggerPockets Real Estate Podcast start doing so.They release 2 episodes a week now and they are better than ever. Start from the end and try and catch up to the beginning.

Lastly, the biggest part of anybody success is their mindset. Get in a mindset that has healthy habits. You can have all of the knowledge in the world but unless you have a good mindset to go and take action every single day you won’t get anywhere.