New Investors: what is your biggest hurdle?

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Investor · Pittsburgh, PA · Member since 2014 · 68 posts · 12 votes
11y

Fear of failing. For me anyway lol. Still looking for the first deal. 

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  • Investor · Pittsburgh, PA · Member since 2014 · 68 posts · 12 votes
    11y

    Fear of failing. For me anyway lol. Still looking for the first deal. 

  • WA · Member since 2012 · 40 posts · 16 votes
    11y

    @Brett Lee 

    My biggest hurdle is finding where to start without putting the well being of my family in jeopardy.  I am truly interested in the under $50k turnkey options in Ohio as we have plenty enough for a down payment there but my wife has many fears that go along with not knowing the areas.  As much as I would love to trust everyone in these forums we would want to verify their reputations with other professionals in their respective areas but don't know how to go about doing that.  The biggest fear is sinking $10-15k into one of these as a down payment trusting the seller just to have a house that falls apart next year, tenants that stop paying, or the in place PM walk away and leave us high and dry.

  • Hanford, CA · Member since 2013 · 5k+ posts · 1k+ votes
    11y

    Im not a new investor but what I have seen :)

    • analysts paralyst
    • spousal support
    • down payment issues
    • unreasonable expectations - wanting to spend 100k when property is 200k
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