Multifamily Investing - Dont fall Victim of Paralysis by Analysis

[Jorge Abreu]

💥Paralysis by Analysis💥 is the state of over-analyzing (or over-thinking) a situation so that a decision or action is never taken, in effect paralyzing the outcome.

👇 Comment and tell us what Actions have you taken in the last week and plan on taking this week? And have you fallen victim of Paralysis by Analysis?

Here is my two week snapshot:
✅ We submitted over $300 Million total in Multifamily LOI's (Letter of Intent) last week. In highest & best now for those deals and will be submitting revised numbers by the end of this week.
✅ Also submitting another two LOI’s this week separate from the highest and best ones. Will have over $350 Million out in LOI’s by the end of this week.
✅ Working on implementing our business plan and stabilizing two of our Multifamily property acquisitions.
Touring one property this week that we have an accepted LOI on.
✅ Waiting on a PSA (Purchase and Sale Agreement) for another property we got our offer accepted on a week ago. It’s an off market deal and the seller is taking their sweet time. Hopefully he won’t flake on us.
✅ Setting up some meetings & phone calls with a couple of individuals that would like to be part of the GP side that have a large amount of liquid funds to help cover some of these upfront costs. Because if everything we are working on hits we will end up having a significant amount of funds tied up in deposits.
✅ Working on continuing to build our construction company, JNTDevelopers, and always improving our systems and customer service. While adding the right pieces in place to continue to grow.

💥 I'm a strong believer of analyzing and not just jumping straight into action but you have to be careful not to get stuck just analyzing to the point you never do anything. Set your metrics and your pass & fails, then once it all checks out don't hesitate to pull the trigger and TAKE ACTION!