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Updated almost 8 years ago on . Most recent reply

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Keith Ledesma
  • Essex, MD
2
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12
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How to get pass analysis paralysis

Keith Ledesma
  • Essex, MD
Posted
Good afternoon Bigger Pockets. I'm a new investor in the Baltimore MD area. Anybody have any good advice on how I should start? I have a full time job so my time is limited. But working long hours doesn't bother me. I want to get my feet wet in the real estate around here. Just looking for some helpful info. Thanks in advance guys

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Justin B.
  • Investor
  • Gaithersburg, MD
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Justin B.
  • Investor
  • Gaithersburg, MD
Replied

I'll offer a slightly different perspective on analysis paralysis.  I think they real key is to do a deal where the worst case (you can't rent it out, or you have to hold your flip for a year) doesn't affect you.  My first deal, worst case, I would have to float $600/month if it didn't get rented.  That amount would have no effect on my quality of life.  It becomes very easy to pull the trigger when the worst case scenario isn't that bad.  If you take that approach, you begin to trust your numbers and the more deals you do, the more confident you get in your numbers and then you're off and running!

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