Do you feel like your missing out and being left behind?

[Charles Bright]

Ok, so since i have constructed my plan of save 20% down over the next 12 months and then find a property. (Hopefully  a duplex). I am seeing properties go on the market and sell very fast. Am I missing out? ! Seriously there are people that are gobbling these homes up site  unseen. Should i find a piece of land and build? Or would that be counter productive?  Idk. But i feel like im totally missing the opportunity. How would you handle the waiting game if you didn't have the cash ?

[Cailyn Aune]

Hey Charles....!

When I read this, I started thinking about all the stories I've heard of people who felt like they were missing out right around '06, '07....
And how many people jumped in so they wouldn't "miss out," and well, we know how that ended. Those who weathered the storm of the last downturn were already in it for the long haul, and had some (or a lot) of experience to help them get creative and look for diff opportunities.

Occasionally I can feel like this- when it seems that so many people are busy investing, and we are just getting started... It can feel like slow motion. But I try to immediately think of all the positives and be thankful.... I.e.: I'm thankful I have time to learn REI before the next downturn so when it comes, I will be so ready to capitalize on it!

Additionally- I think about how Brandon Turner says that often times people who don't have the cash are forced to get more creative and look for better deals than people who do you have a lot of extra cash and can maybe buy things easier… But it doesn't mean they should've.

I agree with what has been said before… Network, network, network. It cannot be underestimated! There are people who have been very successful in real estate investing – and used almost none of their own cash.

You can do it! Stay positive....! Ask yourself "how can I...." :)