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When you’re attaining a big goal like legacy wealth, taking action is paramount! I speak with investors on a regular basis, and a common theme from those conversations is that doing too much research can be detrimental. It is only through taking action that success is achieved.
On this episode of Investing in Real Estate, I’m discussing the idea of going as far as you can see. I’ll talk about how we can be too smart for our own good, and how to stop learning and start earning! Trying to know it all in real estate can hold you back; this is a lesson you won't want to miss!
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I’m certainly a big proponent of being educated, but here’s the thing—in real estate investing, it becomes incredibly easy to get stuck in the mindset of exclusively learning, and never taking action. I get it; we all want to have the answers, and feel 100% prepared before we dive into a venture. But I also believe that the best way to learn is by jumping in and getting your feet wet.
I made my fair share of mistakes when I purchased one of my first properties. And I think many investors share that struggle. I overpaid for the home, I wasted time and money flying out to the property, and I spent too much on upgrades.
I like to think of it like going as far as you can, and when you get there, you can see more. You just have to make decisions as you go. Sometimes you’ll make the wrong decision, but in those instances, there’s a lesson to be learned. After I made the mistakes on that property, I had a clearer understanding of how I wanted to move forward in real estate investing.
On today's show, I'll go more in depth on the topic of learning as you go. I'll also discuss why smart people overcomplicate things, and how you can take action today. Join me for episode 81 of Investing in Real Estate!
If you’re ready to begin building a passive income through rental real estate, book a FREE call with my team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you’ll learn:
- Why are internet forums dangerous?
- Do you need to worry about details like insurance?
- What are some of the mistakes I made as a beginner investor?
- How can you stop overcomplicating real estate investing?
- And much more about buy and hold real estate!