What would you do if you were me?

[Christopher Lane]

Hey all, 

I'm a 29 year old in SoCal, I have $1,500 in the bank, $12,000 in a retirement account, a salary job where I make 90k/yr, Veteran, and extremely eager to succeed.  Honestly, my issue is I am in "analysis paralysis". I don't know how to get out of it. I want to get to a point where I can replace my jobs income by the time I'm 35. By 40 I want to have a portfolio worth $15 Million. 

The best way I can see to get here is buy and hold, cash flowing properties, leveraging the equity and BRRRRing every chance I get. I see it as an exponential growth model rather than linear. Am I wrong? 

Wholesaling (after listening to tons of BP Podcasts) seems like the logical first step to get some decent assignment fees to use as investment capital. 

This leads me to the title of the post... What would you do to get started in wholesaling if you could start over? what would you do differently?  What are the best lessons you've learned along the way?

I have analyzed about 50 properties (when I had the pro membership for the calculator) and I've dialed in on a location that has dozens of properties with room to add value, currently rented for $900-$1100 and cost between $55,000 and $80,000. This exceeds the 1% rule and they seem like some really good deals that I want to get into.

Thanks for the advice! Feel free to connect with me.

[Barry Pekin]

@Christopher Lane,

Attend local RE events.  Build a network/team.  Build a buyers list.  (Yes, this all overlaps).

Stop analyzing.  Trust me.  I know this from personal experience.  My wife is a read-fire-aim person, and it has served her well.  I'm a read-aim-check-the-wind-aim-again-consider-another-target... kind of person.  I had to shrug that off and adopt a go-for-it attitude.  I do things that make me uncomfortable. 

Do not worry about making mistakes.  You can prepare for years, and you will still make mistakes, so just get over that and embrace it.

Listen to the Wholesaling Inc podcasts.  They talk about "Progress, not Perfection" and "Massive Imperfect Action".  It's a great resource.