I think I’m stuck in the analysis paralysis and I know the importance of starting your first property. I keep hearing that it is sometimes more important to start than it is to make a lot of money on your first deal. What are some things that helped you with your first deal? How did you finance it, what were some key indicators, etc?

@Kenny Berrios

Hi Kenny,

I will pose a question to you.

What are you more afraid of doing a lot of work over time and not making any money, or losing money?

(know Yourself--and you will know the Universe)

Good Luck!

@Scott Mac Maybe my brain is fried from jet lag, but I'm a little confused about the two presented considerations. Could you please provide some additional clarification?

Originally posted by @Brian Wilson :

@Scott Mac Maybe my brain is fried from jet lag, but I'm a little confused about the two presented considerations. Could you please provide some additional clarification?

If you know what you fear you will know where to apply your efforts to overcome that fear (if possible).

Both represent risk. It's not a fear of buying--that is purely a mechanical process.

Not wanting to risk effort is a different mindset than not wanting to risk money and credit rating. 

It gives a little road map of where to focus on getting stronger.

(Fear of spiders vs fear of heights)

@Scott Mac That's where I thought you were going with this. Thanks for the clarification.