Suffering from Analysis Paralysis!

[Rachel Mutts]

I am brand new to real estate investing l(In Virginia)and find myself a victim of analysis paralysis. I am the type of person who wants to make sure “all my ducks are in a row” before jumping into something. Currently I’m saving up(but how much is “enough”) I know I’m no where near having a savings account that I would feel comfortable with before investing.My credit is decent (705) but I would like for it to get better. It’s literally just me and I don’t have a team yet but looking to get started somewhere and not remain stagnant. My biggest fear is being taken advantage of because I don’t know as much as some other seasoned investors. Advice please!

[Eddie Brady]

@Rachel Mutts You are exactly where most investors were when they started. The way I broke out of my analysis paralysis was to take one small step every day towards buying a place (all while saving money in the background). For me, it looked something like this:

Day One- Researched best real estate rental markets on google. Found a handful of midwest cities

Day Two- Chose one city, Indianapolis, due to the strong rental market and increasing population (among a list of other good things)

Day Three- Found a Realtor in that area by searching on BiggerPockets "Network" Tab. My Realtor was investor-friendly which is why she listed herself on BP. Told her what I was looking for which was Single Family 3 bedroom 1+ bath under $80k

I then got referrals for nearly everyone else on my team from my Realtor, and eventually, my Property Manager. It took me a couple of months after that to finally close on a property, but taking those small steps each day were all I needed.

Don't beat yourself up over indecision. You'll have times you are rocking and rolling and others where you are stuck because you are over-analyzing, or just don't know what to do. On those days, just take one small step forward. No one on this site was an overnight success.