@Devan Johnson
Let me explain more about what I meant about my pointed comment "mental game being off and requiring a gut check and coming up with excuses".
It wasn't meant as a dis that you shouldn't do your own work or that you should buy a deal that doesn't pencil and you are being too conservative. It was a comment that your inner beliefs and assumptions may be holding you back. I say this based of of these comments you made.
General Reply to commentors
"And in this market, I have to be even more conservative. No need to lament on the lack of deals out there, but more importantly for a newbie such as myself, there's a lack of opportunity. Contatcing any property owner pre MLS (pre forclosure) is not a unique aprroach. The few folks I've contacted have indicated that they have dozens of investors lined up if they wanted to sell."
and in reply to J Scott
"I'm trying to put this in context. You are a pro with a well oiled machine of connections, strategy, financing and market experience. I'm trying to keep this geared toward the newbie such as myself. I cannot find a deal after about 6 months of effort and research (from your excellent book, I might add). This is a fact that cannot be overlooked."
I used to think all the talk about mindset was bull and just some Wu Wu stuff. Then I see some people that work hard and try and show up to networking meetings year after year and don't get anything accomplished. Or close friends of mine, who we've done deals together and they've project managed jobs for me but something is holding them back from really succeeding. After seeing this and trying to help my friend and some of these acquaintances I don't think all the mindset is bull anymore. That is why I still go network a lot is to hear the people getting stuff done inspire me to do better.
The warning sign though I saw in your comments above is that you were speaking reality in to existence. "the lack of deals out there" A local realtor James Orr does real good market statistics and fix and flip volume I believe is up this year over last in Northern Colorado. So somebody is buying and selling houses. Then "I cannot find a deal after 6 months of effort and research". This is a fact but you are telling yourself that you can't find a deal. So what does your sub conscious believe, I don't find deals!
So while I thought mindset training was useless in the beginning I know believe it is real important. So I recommend to you, you do some introspection on what artificial limits you are putting on yourself and read or listen to some stuff on that and more importantly network on BP and locally with people doing deals and see that a lot of them, know less about construction than you, are ugly, don't speak well, aren't that smart and you'll say if them, why not me.
