Quote from @Maylin Cuello:
Hey All!
I am a middle school teacher that has been in analysis paralysis for over a year and a half. I have read numerous BP books, have watched countless hours of Youtube videos, and listened to way too many podcast episodes. Yet, I continuously feel like I am not ready to jump in yet. If it's not the market prices that end up making me shy away, it's some regulation that has popped up in the market I was researching, or an over-saturation in markets I have looked into.
Ideally, I would want to own a property and house hack or just do an STR on it. However, I have been looking into arbitrage as a way to get started and build up the funds to buy my first property, as we all know they don't pay teachers enough! Has anyone dealt with analysis paralysis and the immense fear of starting on this real estate journey? Any suggestions on how to combat it? ( I know most people will just say I just have to do it, but that is easier said than done).
I have also been considering doing a mentorship, more specifically on STR (arbitrage), but most are insanely expensive and I am not sure if they are trustworthy. I have read a few other forums discouraging this, however, I tend to do very well with coaching and guided exercises. Has anyone tried any mentorships that they recommend?
P.S. willing to take any suggestions/tips, even if they don't directly answer any of the questions asked.
As others have mentioned please don't pay for a mentorship! The forums and having a rock star A-Team (Agent, Contractor, Lender, Property Manager) can help fill in your learning gaps
You're on the right track by speakin with a lender and seeing what you can get pre approved for. This helps know at least what type of budget and interest rate you'll be working with when analyzing if a deal will work for you or not.
