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Updated over 5 years ago on . Most recent reply

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Kenny Berrios
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Trying to stop the analysis paralysis

Kenny Berrios
Posted

I think I’m stuck in the analysis paralysis and I know the importance of starting your first property. I keep hearing that it is sometimes more important to start than it is to make a lot of money on your first deal. What are some things that helped you with your first deal? How did you finance it, what were some key indicators, etc?

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Scott Mac
  • Austin, TX
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Scott Mac
  • Austin, TX
Replied
Originally posted by @Brian Wilson:

@Scott Mac Maybe my brain is fried from jet lag, but I'm a little confused about the two presented considerations. Could you please provide some additional clarification?

If you know what you fear you will know where to apply your efforts to overcome that fear (if possible).

Both represent risk. It's not a fear of buying--that is purely a mechanical process.

Not wanting to risk effort is a different mindset than not wanting to risk money and credit rating

It gives a little road map of where to focus on getting stronger.

(Fear of spiders vs fear of heights)

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