Hesitant Newbie

[Chad Armond]

I know real estate investing is a good plan but I've let fear keep me from getting started.  I just underwent a substantial pay cut at work and it has shown me that it's time to take action.  I need to start investing.  Guess I'm just looking for a little encouragement to jump in and get started. 

[Brett Snodgrass]

Hi @Chad Armond, I know that starting out can be scary, but a little motivation like that can help you push through when self doubt arises. Like Allen and Dave have already stated, BP is a great community and will help you with getting on your feet.  Here's some things that I wish I had known when I got into this. 

When you are just starting out, there is so much information out there that it’s easy to get bogged down. First determine what strategy you’d like to start with. Then only learn what is needed for the next step. Then once that’s completed, learn what’s needed for the following step, and then the next and so on. This way, you won’t get distracted or overwhelmed. If after you’ve done some deals you want to try a different strategy, that’s fine but when first starting out pick something and stick to it until the end. Whether it’s getting your first flip down, wholesaler deal or rental property, choose only one, see it through and then assess if you’d like to make any adjustments from there. Hope this helps!