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Updated over 8 years ago on . Most recent reply

User Stats

34
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11
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Dylan Henke
  • Hustisford, WI
11
Votes |
34
Posts

Why I'm NOT succeeding

Dylan Henke
  • Hustisford, WI
Posted
Everyone always wonders why people get stuck in analysis paralysis. Fear of the unknown and fear of going into debt. I've been on Bigger Pockets for what seems like years now. I read so much information and then just stopped. I never took ACTION. I let my busy life get ahead of me even though I know what real estate can do to someone's life. I preach to people at how successful people can be in real estate, but no one believes me because I'm not actually taking action. I finally came full force reading Brandon and Jscott's book this time and gained a tremendous amount of confidence. I feel as if I'm not taking enough action even though I'm reading, watching webinars, and listening to podcasts at all times throughout the day! What stops me from taking action? Excuses. I feel like I don't have enough time after work. I have a puppy that tries to attack and play with me when I'm trying to learn stuff. House chores. Lack of money or credit. At the moment I feel as if I have a ton of road blocks. I have such big visions and goals for my fiancé and I. We have a wedding next year December in Jamaica. I don't want to be looking at the cheaper hotel rooms because that's only what we can afford. I don't expect to be rich, but I don't expect to be poor. I'm so glad to be able to have as much inspiration as I do on BP. That's the drive that does keep people going. One thing that I recommend every newbie does....overcome or find a solution to one roadblock that your having every day. If you let that roadblock stop you, your going to roll back downhill. Analysis Paralysis is what separates the successful from the fearful. If your too scared to make the jump yet then keep educating yourself until you are. Just keep your goals and visions in sight. Everyday I'm looking for more people to connect with. The more connections you have the easier it will be on you to take that first step. No matter what you do, keep chugging along until you get there. Everyday I'm looking to take that first step and push through the obstacles or excuses I face

Most Popular Reply

User Stats

1,257
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345
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Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
345
Votes |
1,257
Posts
Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
Replied

I would buy something like a 2 3 or 4 family live in one of the units and rent the others out. ( house hack ) you learn how to be a landlord. You learn how to fix stupid things like broken toilets and windows etc etc. You learn about lease agreements and tenant landlord laws. You learn what it costs to repair stuff and pull permits. You learn about how your 3% down payment is now making you 700 bucks a month ( or whatever ever it is you will most likely be cash flowing to some degree ). You learn how you used other people's money to make money and leverage an investment. 

When you're a landlord you need to remember you are providing a roof for someone's head. You need to take care of that roof so that person can come home after a long day at work and pay you rent.

I'm a landlord for businesses so I need to make sure that business stays profitable and operational. 

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