Overcoming Fear and Taking Action

[Jorge Abreu]

The anxiety of starting: Many aspiring real estate investors suffer with worry and uncertainty when they first embark on their adventure. The idea is to act now rather than wait until you are completely prepared. Building a capable team, establishing relationships, and having prior experience can give you the confidence you need to submit offers and move forward. 💥

In the past, I also experienced the shiny object syndrome, with possibilities coming at me from all sides. However, I quickly discovered that staying focused and not being distracted by efforts outside my skills and wheelhouse are critical. To overcome this fear, I realized that I needed to act now rather than wait for the perfect opportunity.

Putting up a capable team was crucial to help me overcome my fear.🧑‍🤝‍🧑  As a leader, you should surround yourself with talented people who can contribute their skills and talents. Allow them to manage the parts in which you are not an expert. This helps you to rely on their knowledge and make more confident decisions. Furthermore, developing contacts with specialists such as attorneys and accountants offers you a network of support that may provide guidance and reassurance.

And don't forget about experience. It is essential to overcome fear. Learning from my failures and gaining experience in the real estate market provided me the courage to proceed. As my experience grew, I established well-defined procedures and processes that streamlined my investment strategy. This clarity and focus enabled me to successfully analyze options and make educated judgments.

One critical lesson I learned early on was not to wait until I felt completely prepared. Taking action, especially when there is some uncertainty, is critical for advancement. Submit the offer if the figures are correct and you are confident in the underwriting, even if it is less than what they are requesting. You should not be afraid of rejection or failure. Each offer you make moves you closer to your objectives and enhances your chances of success. 🙌

To overcome fear and take action, you'll need a capable team, meaningful relationships, and the ability to draw on prior experience. Don't let the dread of getting started hold you back. Take the initial move, submit your offers, and have faith in your ability. Your confidence will build as you gain momentum and experience. You'll be on your way to being a successful real estate investor in no time. 🚀