It’s funny the kind of thought processes are happening when I ask myself what’s holding me back. I first think “We’ll, it’s just that I don’t know enough about it yet”. Then I question myself and ask whether it’s that I don’t know enough yet, or if my confidence in what I DO know isn’t strong enough yet. Then I try to determine what would make my confidence stronger in what I do know, and for me, it would be if I knew that I knew enough to get started. Then I think “How do I know I know enough to get started?” I remember all the books on this subject I’ve read or at least have in my possession and I’m pretty sure that’s a great start.
Well then, if the education side of things is basically taken care of, at least for the first deal or two, what is it? Probably the money since right now we barely have $10,000 saved up for our first deal. I’d also say the local market is kinda crazy, but I just haven’t been diligent enough to search the markets around where I live yet I guess.
Another thing I can think of is that, according to Brandon’s recommendations in his book on real estate investing, that I need to create my team and build those relationships.
Other than that, the only other thing I’d say that’s holding me back is my unfamiliarity with analyzing deals, which I know will come as I take time every day to analyze deals.
So, there you have it: Education, Money, Relationships, Analysis.