Allow Yourself to Zig Zag.

Hi!

 Real estate investing can be quite confusing at times. Especially for a newbie, which is why we should all consider us extremely fortunate to have a place like Biggerpockets. Not only is it a place to learn the educational content. It’s also a place to meet other people engaged in real estate.

For me the past year has been very exciting, as I’m moving to a new house and planning my second investment deal. At the beginning of the year I thought I had it all mapped out. I was going to go into smaller multifamilies or SFRs in Norway. But since then the Norwegian government has imposed new regulations, which has forced me to shift gears. In short, the Norway has imposed much stricter guidelines for residential loans, causing many new investors having to form an LLC if they want to invest in real estate or get out. As LLCs are heavily taxed here in Norway (up to 50 % of any cash flow you take out of your business), we’ve decided to get out. So where to go? The States of course. I am American myself, and I love the U.S. But where to call home can be a hard nut to crack when there are countless of beautiful places out there - with an abundance of investment opportunities. But with the help of the BP podcasts, my network and tons of books I have selected doing larger multifamily deals in the southeastern part of the country, preferably Florida. Jacksonville is a city I’m following closely, and a good place to invest. But finding a good deal is what’s most important.

The main takeout I’ve learned since I began with real estate investing is to allow yourself to have an open mind. You’ll discover so many limiting beliefs about yourself and real estate along the way. Limiting beliefs are basically obstacles you think is standing in your way to success, but which upon further inspection are not. These will quickly evaporate as you meet more people, causing you to change your strategy and get closer to your goals. Sometimes external factors such as government regulations can impact you, causing you to have to zig instead of zag. Don’t worry about it though. It’s part of “growing up” in real estate, and an important and fun part of the journey.