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Posted over 10 years ago

Don't Get Caught In Analysis Paralysis

As a CPA for 20+ years, I am realizing just how detrimental "Analysis Paralysis" can be. Since I started to invest 2 years ago, I got caught up in building a business before I even had one. That is, I spent time learning about and forming my LLC and my S Corporation and all the legal documents that go with it. I then got caught up in the false mindset that I had to study everything about real estate and know it extremely well before ever pursuing my first deal. This just led to more confusion and fear, as I realized there are so many ways to invest in real estate and I was way out of my comfort zone! My head was spinning in 10 different directions and I continued to purchase more and more study materials from whichever Guru I thought could simplify the process for me. I eventually came across BP, but not before spending TENS OF THOUSANDS of dollars trying to educate and protect myself. In hindsite, I would have started with one simple Fix and Flip or rental property and would have utilized the money spent on all these course for my first deal and/or on advertising to find the first deal. Even after all the education materials, I realize that I learned far more from pulling the trigger and "Doing" rather than studying. Don't get me wrong, you should ALWAYS continue to educate yourself, but don't let it get in the way of getting going and gaining experience. I wish I had found BP much sooner than I did as there is a wealth of knowledge and investor experience right here for FREE from individuals that truly want to give back and not just separate you from your hard earned money. They will even review your first deals and offer advise.


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