@Frank Patalano This is an Epic Thread! There is so much great info on here, and I have learned a ton! This is by far the most inspiring topic that I have come across on Bigger Pockets and I had to throw in my story!
I am an aspiring investor. I plan on beginning with flipping single family homes, as this is closest to my comfort zone. My longer term plan is to get into buy and hold properties, but those will come in time.
I was looking for a property hot and heavy last fall, but I decided to wait 6 months and concentrate on studying the market, strategies, and overall learning more. I have listened to over 200 BP Podcast, read countless BP forum threads, read 16 books on real estate, personal development, success, and leadership. I practiced calculating Maximum Offer Prices and ARV on local, active, MLS listed properties. I found a great realtor that allowed me to ask a ridiculous number of question. I presented my plan to a potential partner and got him excited.
One would think I am ready. My 6-month education period is up this month and I am so scared! I am scared to lose money, scared that I don’t have enough money, scared that I will run out of money. I am scared that the property that I purchase will take too long to renovate or that I may overlook something and pay too much. Basically, I am scared of Failing.
After writing all this down, I see that I have prepared myself properly. I realize that my Fear of the Unknown is natural. Reading all these great posts, has helped me put things into perspective and I need to stop making Excuses!
So to answer the question at hand, My Excuses Are Holding Me Back!