Survivorship bias at BP?

[Brian Coons]

Hey everyone.  I just posted my first intro post and here's a quick #2.

Last night I attended J Scott's excellent Negotiation webinar.  Thanks again for that J.

At some point he mentioned he had had lots of conversations with people who had done zero deals or many deals, but not so many with people who had done 1 deal.  The reason being that once you do a deal, it becomes easier and you're more motivated to do the next one.  One just needs to get over that initial hump.  I'm totally paraphrasing and forgive me if it's not the best representation.  I think it was a great point by the way.

I read somewhere recently though, that "most people" don't make it as real estate investors. I have no idea how accurate that is and I'm genuinely curious what the you all have to say about it, but my thought was, if people fail, they most likely fail on the first deal when they're most likely to make mistakes and least likely to be able to recover easily. These people would not be hanging around real estate investment communities after a failure that turned them off of REI for good, which could be another reason that there are few people around who have done just one deal.

I look forward to hearing your thoughts.