Struggling property virgin in the Strongsville Ohio area

[Dave Raney]

Hello fellow BP members! I have been bitten by a case of analysis paralysis. I have identified what I believed to be a few good deals only to drag my feet and lose out on the ability to submit an offer due to the properties selling. I often seem trapped in which direction I would like to go in. One minute it is SFR rentals, the next I am looking at small apartment buildings, and now I seem drawn to multi-unit commercial buildings. I have recently received my real estate license so that I can have access to the MLS and go look at intriguing properties whenever I choose to, but by the time I decide to make an offer, it is too late.

Now that I have attempted to paint the picture of my current state, I was wondering how other people that were in my position were able to get past it.  I have always been drawn to real estate, but continue to struggle to find the "perfect deal" which I believe is the source of my sloth-like progress.   Ultimately, I plan to have passive income long term and move on from my W2 job to be in real estate full time (I am intrigued to represent commercial and investor clients in the future as well).

Any insight would be greatly appreciated.

[Jacob A.]

@Dave Raney

Getting started I believe is the biggest fear/hindrance but don't let it allow you to waste time. My advice is to really sit down and think about the type of property that you want to start with. I personally think SFR is the best route for beginners because it does not typically have the same potential problems a larger property such as apartments and commercial properties have.

My suggestion is this. GO for it man. Neither of us is getting any younger and if you have found a good deal on a SFR, write an offer. Don't waste time trying to find ALL the deals because you will spend your time looking and not acting!

Best of luck and if I can be of any help please let me know!!