What Is Your Biggest Obstacle to Getting Started in Real Estate?
When I started out, I had two main obstacles:
1. The internal obstacle of my belief that no one would take me seriously until I had closed at least one. It took me a while to be able to tell people I was a real estate investor without feeling like a fraud.
2. The inability to get a decent deal. First brokers would not show me deals; then I went into contract on some bad deals out of desperation, which then did not close and I wound up losing a lot of money; and then I switched markets at was at zero again, with brokers not showing me deals.
I eventually hit upon strategies to get me over the hump, but getting started was hard.
What has been your biggest obstacle?
1. Is it lack of equity capital?
2. Inability to get mortgage debt?
3. Inability to find deals?
4. Are you just getting in your own way with negative self-talk?
5. Or are you in a vicious cycle where one of the first three is reinforcing No. 4?
Or is it something completely different, like lack of support from your spouse, etc.?
Let me know in the comments!
