New to this! Lost, but maybe not? Confused, Yes!
Hey everyone,
I’m new to real estate investing and joined BiggerPockets because I want to learn from people who are actually doing it.
I’ve bought a few houses for our family to live in and have started trying to run numbers on potential deals, but I’ll be honest—I do not really know what I’m doing yet. I feel like I’m stuck in analysis paralysis. I want to make a smart first move, but I worry about making a bad decision that puts me on the wrong path or creates an expensive mistake.
I keep hearing, make the leap, dig in and figure it out, but its alot of capital we have spent years saving, we don't want to blow it.
I’m located in central Arkansas and would like to connect with local investors who may be willing to let me observe, ask questions, or occasionally bounce ideas off them as I learn. I’m not looking for anyone to hand me a deal or do the work for me. I’m willing to learn, listen, and put in the effort.
If you are investing in the area and open to connecting, I’d appreciate it.
Thanks,
Scott
Most Popular Reply
Hey Scott, welcome to BiggerPockets. I think the fact that you're taking the time to learn and run the numbers before jumping into a deal is a good thing. Analysis paralysis is definitely better than rushing into a bad deal.
One thing that helped me was starting with a simple set of numbers and looking at a lot of deals, even if I had no intention of buying them. After a while, you start to get a feel for what a good deal looks like and, just as importantly, what can make a deal look good on paper but actually be a bad investment.
I'm not in Central Arkansas, but I'm always interested in connecting with other investors and talking through deals. If you come across one you're considering, feel free to post the numbers here. I'd be happy to take a look and share my thoughts.
Best of luck — you're asking the right questions.
- Aiden Avtgis