All Forum Posts by: Harrison Painter

So many people suffer from a condition known as “paralysis by analysis".

I have observed too many people strangle themselves with the "What if" game and act as if they are performing due diligence!

It seems that their main focus is always on the "Worst Case Scenario" and in my experience, all this does is cost them money.

If you come to great forums like this one, focus on pursuing your education, and make sure to surround yourself with positive influences, you will be able to replace all of that fear with confidence.

The best advice I can ever give a new, or scared investor, is this:
Real estate is NOT a "Get Rich Quick" business, regardless of what some people might lead you to believe. It takes A LOT of hard work, a few mistakes, and some time to make it happen.

You must treat this as a business, not a scratch off lottery ticket.

My Quote of the Day: "If you are investing with scared money, you will probably lose it!"

Keep in mind, not too many folks create wealth by following the herd.

Let's open this question up for discussion:

Why do the majority of folks buy everything when it is on sale, with the exception of real estate and stocks?

"The Richest Man in Babylon": Written by George S. Clason in 1926
This takes FIRST PLACE! For a book written in 1926 and based on ancient wisdon, it really shows that the basic rules of wealth creation have not changed. When I read "Rich Dad/Poor Dad", I viewed it as an updated version of this book.

"How I Raised Myself from Failure to Success in Selling": Written by Frank Bettger in 1949
This book was written in 1949, and again, nothing has really changed in the world when it comes to the basics! We have access to all of this great technology, but at the end of the day it is the basics that will help you achieve the most success!

"Think and Grow Rich" Written by Napoleon Hill in 1937
Another classic that can not be surpassed!

"Freakonomics" : Written by Stephen D Levitt in 2005
Here is a modern era book for everyone to take a look at! This is one of the most thought provoking books that I have read in a long time.

"Who Moved My Cheese?": Written by Spencer Johnson in 1998
I love books that are written in the style of a parable. While this book is nothing innovative, it is a book that I pull out when I feel like things are not progressing very well.

"Never Eat Alone: And Other Secrets to Success, One Relationship at a Time": Written by Keith Ferrazzi in 2005
The title alone gives you some of the best advice on how you can build relationships and your business. You should NEVER EAT ALONE!

In closing, I would also like to recommend ANYTHING written by Jeffrey Gitomer. This guy could motivate a sloth to run a marathon!!!!!!!!

Welcome,

This is a great forum with fantastic people!

I am in Indianapolis as well....Let's network!

Have a Profitable Day!

Welcome!

I am also in Indy and might be able to help you get going in the right direction!

Feel free to contact me anytime!

Have a Profitable Day!

Yes, now is a great time to invest in the U.S.

Why?

Good News: The United States is in the economic toilet right now, with no signs that things are going to get better anytime soon.

You might be asking me why that is good news?????

It is an opportunity to "Buy Low" and "Sell High" later!

It seems that people buy EVERYTHING when it is on sale, with the exception of Stocks and Real Estate. This phenomenon has always baffled me.

I have investors ask me all of the time if we are at the bottom? I don't know......probably not...........I am almost sure we are not.........but if you wait for the bottom, I can promise you that you will miss it.

It is my honest opinion that there has NEVER been a better time in history to make the move into real estate investing. However, it has to be done smart and without emotion.

If someone is trying to pressure you into an investment in this market, walk away! The only pressure that should be applied in this market is by the buyer. If you miss out on an investment property, do not worry about it, there are many.....many.....many more opportunities out there right now.......

Have a Profitable Day!

What I noticed about Zillow, for the Indianapolis market, is that the values are lower.

Zillow appears to us the tax assessed values in the Indianapolis market, and these values have been about 30% under market value in many cases.

However, I see in other markets like CA, AZ and FL where Zillow values are much greater than market value.

So it can be very confusing!

I love the Zillow concept, but it has a long way to go before it will be a useful and reliable tool.