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Updated over 7 years ago on . Most recent reply

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David Zheng #4 Real Estate Deal Analysis & Advice Contributor
  • Investor
  • Saint Louis, MO
1,652
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970
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Help me. I'm scared.

David Zheng #4 Real Estate Deal Analysis & Advice Contributor
  • Investor
  • Saint Louis, MO
Posted

I can't shake this overbearing fear of doing something outside of what I'm used to.

I've found a pretty good niche for myself in my own little city but I feel like I shouldn't put all my eggs in one basket and I know I need to work on new things in new places in order to learn and grow more...

but this uncertainty is killing me. I'm not one of those people who will wait to pull the trigger on a good deal but even after hours of researching, analyzing, etc. I can't shake the fear of failing

what I mean is like...investing out of state, trying a flip, etc.

Also, partnering if a strong no-no from me as of right now. I really don't trust anyone these days and its saved my a$$ a bunch of times.

For those more experienced, do you just do things and assume you'll lose money  (maybe or maybe not) and get over the fear of failure?

Is the route to take just partnering on a deal with someone somewhere else and hoping for the best?

Most Popular Reply

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Dan Wickland
  • Rental Property Investor
  • Columbus, OH
73
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Dan Wickland
  • Rental Property Investor
  • Columbus, OH
Replied

Hey David,

I'm from Australia and I've bought all my properties interstate, have never seen them in person and haven't really had any problems! I think if the numbers work and you trust your people then it shouldn't matter too much. 

I know the USA is a different animal though, with more susceptibility to getting burnt and much deregulation. I would suggest that you ask what it is you really want - your end goal, what location has that and then come up with a list of compelling reasons to get past your fear! You need to be pulled there! If a location gets you to your end goal faster; to me that may override any fears you have.

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