All Forum Posts by: Andrew Angerer

@Andrew Angerer

Great question! I didn’t read all the responses, but I’m going to answer from personal experience. I have been there. I sort of still am. It’s ultimately analysis paralysis in my experience. I’ve bought rentals, which seem safer and less risky than flips. The plan B in flipping seems non existent, either calculate all variables correctly, or risk losing time and money. It was honestly easier for me to put $250k into a small franchise than actually pull the trigger on a flip, which in hindsight was a horrible decision.

Since you bring it up. Any tips on how to overcome the doubt?

Dan

@Andrew Angerer. Lack of money, having kids, lack of education, no time, all these are reasons people give up.

I work full time, I’m in school, and I do real estate. I don’t have a lot of free time. Most people wouldn’t do all of that. Most people would give up for any number of reasons

There are a lot more DREAMERs than there are DOers.

A lot of people DREAM of being a successful Real Estate Investor.

They claim to be very motivated. BUT, when it actually comes to DOING.... they never pull the trigger.

Even making a small mistake and learning from it is still better than never having done anything at all.

I remember reading about the psychology of happiness when it comes to vacations.

If you break down the vacation into two phases, the Planning Phase and the actual Vacation Phase, the majority of people are happier in the PLANNING phase.

That's because they day dream of a PERFECT vacation where it never rains, the hotel doesn't have bugs or the AC is never broken, etc.

To me, that's like a lot of beginner Real Estate Investors. They are so happy dreaming about being a Successful Real Estate Investor that when it comes to actually doing the HARD work of making it happen they fail to LIVE the Dream. They are most happy in their fantasy of what it's like to be a successful Real Estate Investor.

It's the same for those that want to be a highly skilled professional. For instance, many may dream of being a Medical Doctor.

So they may even enroll in College but when they hit the Organic Chemistry course, it weeds them right out. They don't have the true motivation, determination or discipline to live their dreams.

I have come to accept that fact among my friends, family and students.

simply put......their "why" isnt strong enough........I just dove in wholesaling.....because my "Why" was so strong.......

I think the biggest issue people have is the inability to take action. They get stuck in a state of analysis paralysis afraid to move forward because of potential mistakes.  They constantly analyze thinking that if they prepare enough, no mistake will ever be made, but they are never prepared enough to move forward.