Personal Development

The Top 4 Ways To Overcome Paralysis By Analysis

Expertise: Business Management, Personal Development, Real Estate Wholesaling
59 Articles Written
Paralysis by Analysis

I have had so many people reach out to me about the things that hinder them from being successful as real estate investors.  Out of all of them, the most common issue I hear is paralysis by analysis. So many people spend so much time learning, studying and reading that they end up getting overwhelmed with information and ultimately don’t take action.

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So, how do you avoid this from happening?

We live in a world of information, so much so that within a given day you can hear hundreds of contradicting opinions—all coming from educated, credentialed experts. Whom do you trust? Whose view is the correct one?

Today, it’s my goal for us to unpack this and help you to finally get to the place where you can actually make progress toward your goals.

Here Are the 4 Ways Real Estate Investors Can Overcome Paralysis by Analysis

Below are the top four strategies I suggest to people who are struggling with paralysis by analysis. If you do any one of these steps, it will help you stop being overwhelmed and actually take action.

1. Intentionally Set Limits on Information Consumption

You want to know something funny? A lot of the more successful real estate investors that I know, hardly ever read anything. They simply don’t like it! That may fly in the face of conventional wisdom, but the fact remains: there are a lot of successful business people who don’t read, or have a high level of formal education.

Now, I’m not saying you shouldn’t read or learn and grow (I myself have it as a goal to read two books a month), but my point is that you don’t need to read EVERYTHING! Be choosy on what you read and don’t read. I am very choosy when selecting the two books I read every month. I read only books that have been referred to me and that will help me learn and grow personally and in business. Be very intentional about the information you consume. Knowing too much will hinder you, especially if you learn too much of the wrong information.

Your real estate investing strategy doesn’t have to be complicated. Honestly, it could be said that all you need to do is simply find what works, do it and then rinse and repeat. So many of us try to find the most “cutting-edge” and “best” strategy of all time, when what we need to be about is just doing something that works for us, and then staying faithful to the process. 

You don’t need to have the absolute best strategy down before you start taking action. You just need to know the minimal amount in order for you take your next step. Is it better to make a 35% return than a 12% return? Yes, absolutely. But, is 12% made consistently over time better than not making anything at all? Yes, absolutely. Consistent returns over time is how wealth is built.

Related: 7 Timeless Lessons About Getting Rich From a Book Your Grandparents Read

2. Progressive Learning

That leads me to the next strategy. Please don’t misunderstand, I’m not saying for you to aimlessly just take action. You do need to learn, but you only need to learn enough for your next action step. Learn progressively. For example, if I was starting out, I would first focus on learning what the most common real estate strategies are. I would then, after having a general sense, choose which strategy I’d want to try out.

Let's say, for our example, I choose wholesaling. After I choose, that's it! I don't focus on learning the ins and outs of anything else. I've chosen wholesaling so that's all I focus on -I intentionally turn off everything else outside of wholesaling (at least for a while).

I would then turn my attention toward learning what common rules of thumbs are out there for analyzing deals, then I would start looking for deals. Again, there are a lot of opinions out there on the “best” way to find deals, and the “best” way to analyze deals. Just pick one—put it into practice and see how it plays out. Then if it works keep doing it; if it doesn’t, go figure out why and learn what does work. Learn as you go and as needed. 

3. Find Another Investor You Can Work With

You’ve probably heard it time and time again, but the best way to grow as a real estate investor is to partner up with someone who is already successfully doing it. Whether the dynamic between you two is strictly that they are the buyer of your deals (in exchange for feedback on how well you’ve analyzed things), or you actually go and work for their company, finding someone who can help coach you is the best way to learn while still progressing.

Related: 4 Key Traits That Define a Good Employee or Business Partner

4. Set a Daily Mission

I wanted to save the best way to overcome paralysis by analysis for last. For me, the best strategy I know to get stuff done is a concept I like to call the “Daily Mission”.

Every day, I give myself a singular task that I set as my top priority. I don’t let the sun go down until that one thing is done. If you set yourself a goal a day, I promise you, not taking action just can’t happen. You’ll find yourself moving forward, even if it’s little-by-little!

How have you overcome your paralysis by analysis? Please share your tips below.


Brett Snodgrass is CEO of Simple Wholesaling and has been a full-time real estate investor for 10+ years. He specializes in wholesaling, wholetailin...
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    Diedrick Nagle Rental Property Investor from Golden, CO
    Replied over 4 years ago
    I’m so suprised this article doesn’t have an insane amount of comments on it already. Awesome and simple. this is currently where I’m stuck as well. Trying to learn EVERRRRRYTHING. Rather than funneling in and testing things out to grow through experience.
    Brett Snodgrass Investor from Indianapolis, IN
    Replied over 4 years ago
    Thanks Diedrick! Glad I could help!
    Chris Scarcello Investor from Greenwood, Missouri
    Replied over 4 years ago
    It’s ironic, almost to the point of humorous, as you read through Brett’s ‘4 Ways,’ #1 tells you to limit Information Consumption. Between his 4 Ways are sub-articles to click on for more information! Not being critical here, just making an observation. BiggerPockets is an amazing tool and the knowledge and strategies shared are priceless! Thanks Brett for the well-written and informative article. It is very basic yet hits the nail perfectly on the head. Just the motivation I needed to keep pressing on. Going to your website now to connect!
    Brett Snodgrass Investor from Indianapolis, IN
    Replied over 4 years ago
    Hey Chris, I have absolute no control of what the editors behind BP put’s into my articles. These links are from them not me. . . Thanks for your insight and comment!
    Zachary Sargent from Bloomington, Illinois
    Replied over 4 years ago
    It’s tough for us newbies to not let PA enter your thoughts. I have a mentor/investor I am working with that has been there and done that. You would think that would calm me down but nope! I am currently receiving my funds to invest and I’m thinking ‘this is really happening. I’m really doing this’. No goals were ever achieved without taking risks. Great read.
    Brett Snodgrass Investor from Indianapolis, IN
    Replied over 4 years ago
    Amen Zackary!