BiggerPockets is holding me back. I QUIT!

5 Replies

That’s right. BiggerPockets is keeping me from getting my next deal. If you’re reading this, and certainly if you reply, you’re guilty by association! BP and all the new resources I’ve uncovered as a result are contributing to my analysis paralysis.

Ever since I discovered BP 9 months ago, I’ve been binging on real estate education. Easily 100s of hours of various podcasts, half a dozen books, and countless hours in the forums. Flipping, wholesaling, apartments, lenders, realtors, note investing, short term rentals, mentors, coaches, selling financing, private money, hard money, syndicators, REITs… Enough already.

I know, it’s not really BP’s fault--or yours. And actually, I’m a lot smarter than I was 9 months ago. That’s the good thing. But the flip side of that coin is that I also have a better idea of how much I DON’T know--And I think that’s what’s been holding me back.

SO I QUIT! I’m quitting BiggerPockets until I have my next deal under contract.

I’ll probably continue to answer direct messages, but no more forums, no more podcasts, no more books, until I have another deal to share. I don’t know if it will be a week or 3 months till I return. This public declaration is really for me. But I’m hoping to see a few comments that may be helpful to others who might be experiencing the same thing.

HOW HAVE YOU DEALT WITH ANALYSIS PARALYSIS?

Bye for now!

Ok, THIS is my last post... @mindyjensen it's frustrating to spend time on a post from a mobile device only to see it formatted in a blob like seen above. Maybe you can get that fixed while I'm gone ;)
Originally posted by @David Bardwell :

That’s right. BiggerPockets is keeping me from getting my next deal. If you’re reading this, and certainly if you reply, you’re guilty by association! BP and all the new resources I’ve uncovered as a result are contributing to my analysis paralysis.

Ever since I discovered BP 9 months ago, I’ve been binging on real estate education. Easily 100s of hours of various podcasts, half a dozen books, and countless hours in the forums. Flipping, wholesaling, apartments, lenders, realtors, note investing, short term rentals, mentors, coaches, selling financing, private money, hard money, syndicators, REITs… Enough already.

I know, it’s not really BP’s fault--or yours. And actually, I’m a lot smarter than I was 9 months ago. That’s the good thing. But the flip side of that coin is that I also have a better idea of how much I DON’T know--And I think that’s what’s been holding me back.

SO I QUIT! I’m quitting BiggerPockets until I have my next deal under contract.

I’ll probably continue to answer direct messages, but no more forums, no more podcasts, no more books, until I have another deal to share. I don’t know if it will be a week or 3 months till I return. This public declaration is really for me. But I’m hoping to see a few comments that may be helpful to others who might be experiencing the same thing.

HOW HAVE YOU DEALT WITH ANALYSIS PARALYSIS?

Bye for now!

Good luck Dave!  I definitely understand that plight, but I also notice you already have three properties.  So I guess I'm a bit confused, maybe you were looking to go to into Multi family properties or something different or some new avenue of which you were doing all the research.  Maybe looking to do some flips?  Back to the point, it is very difficult to learn that you don't know as much as you think, and humbling.  Scary in fact.  Scary to the point of not wanting to make additional or mistakes at all.  If life has taught me one thing, if I'm not making mistakes then I'm not trying hard enough.  Sometimes failure is just the tuition in the education of investing, most times far more rewarding and educational than success.  As such, hope you see you back, with stories to share and lessons for us all to learn from.

Well, that didn't take too long. I wanted to get into multifamily, and now I have a duplex under contract. And I'm actively pursuing an 8-unit building as well. Quitting BP and all my podcasts cold turkey was a little rough, but I managed!  It gave me time to focus on simply finding a deal and making it happen. 

In the meantime, I also made one other offer (albeit unsuccessful), found a FSBO that's willing to do seller financing, AND found a private money partner! Great things seem to happen when you put your mind to finding and making a deal!