I know that I have to get started and not be scared because in life regret is always worse than failure.

There will be a new one tomorrow and another one after that.The headaches, the deals done wrong and the failures are what make you a better deal maker.

I would, and everyone please feel free to disagree, view a crash as a failure of one or more critical fundamentals that sustains a market.

So, in my experience there is a higher rate of failure with these types of auctions.

If you write an offer and put 30 days closing using stated income you are just setting yourself up for pain, anger and failure.

For the experienced investors what has been your biggest failure(learning experience) you ran into while in your journey in Real Estate?

I think the biggest thing that prohibits anyone from investing is FEAR... fear of loss, fear of failure, fear of the unknown ...

If it's a complete failure then I will probably retire direct mail marketing for good in around 6 months.A friend of mine is big on internet marketing and we are currently working on my web presence.

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

Of the few that make a start, only a few of them develop a passion for it that drives them thru the failures and keep them optimistic.