Scared to begin Investing

[Jennifer D.]

Hi Everyone,

I've been doing my research and the more I do the more I think this is an impossible task to choose the RIGHT investment. I'm scared that I'll lose all my savings by just starting.

How did you get over that hump? Was it like that for you? Did you research, get excited, then depressed and scared to invest, then suddenly find a niche or a positive cash flow investment?

I'm trying to stay in Houston because that is where I live, but I can't find deals. I looked into liens, but they are so risky and I am so unknowledgeable that I don't think I could make a deal.

Then for rentals or flips, its hard t o find anything below $50K that is truly worth it. Even foreclosed homes are over $100K, many are over $200K. Then there are, what I assume to be empty lots, being sold for a very low price but the price to bring it up to put shelter on it would cost well over $100K. Even using modular homes. So overall, I can't see an investment opportunity.

Am I missing something. Should I just try to build a team outside of Houston?

Thanks for all your help in advance! :)

[Corby Goade]

My two cents is that you should house hack, I think it's absolutely the lowest risk way to get started and you learn a ton that way. There are hundreds of threads on here about it. If you don't have any experience, it is scary and risky to buy an investment property and try to rent or flip it, baby steps! Best of luck!