When it comes to Real Estate Investing, there generally emerges two types of people: those who are overly cautious and those who Take the Leap.
Before I go any further here, I do want to stress this one point. There is nothing wrong with doing your research when it comes to Real Estate Investing. You might consider someone a “nut job” that just runs in with their head down and loses their shirt in the process. Why? The reason why is because they did not do the required amount of research to be successful. You may have noticed that I purposely used the word “required“. We’ll talk about that later.
The Overly Cautious crowd tends to require an exhaustive list of everything there is to know about Real Estate Investing. Before they do anything, they have to read a stack of books, scour the internet, listen to an iPod full of Podcasts, attend Webinar after Webinar, take study course after study course. They haven’t lifted a foot in the right direction yet! They have what I call “The Analysis of Paralysis” syndrome that so many succumb to.
Then there are those who just Take the Leap. There are those who gain the necessary information and move forward. Remember what I said about the “Required” research? They find that a particular Real Estate Investing Niche is just their style or perhaps they stumble upon a Smoking-Hot-Deal that they can’t pass up. They do the required amount of market research or deal analysis and guess what?! They pull the trigger! I know is silly right? This is the difference maker that I have seen in my extensive experience in the Real Estate Investing Business. Too many “want-to-be” Real Estate Investors and perspective Homeowners struggle with making the connection. If you have the necessary information to say either: “This is a profitable deal” or “This is a horrible deal” you make the decision. Or for the perspective Homeowner who is looking at a Rent to Own deal: “Buying this home on Rent to Own will save us x amount of dollars of the next 10 years” and you just Take the Leap!
If you’re ready for your Real Estate Investing Leap, click the link below for your FREE 5-Step Strategy.