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cover of episode 50: Rookie Reply: I Have Analysis Paralysis, What Should I Do?

50: Rookie Reply: I Have Analysis Paralysis, What Should I Do?

2021/2/6
logo of podcast Real Estate Rookie

Real Estate Rookie

Shownotes Transcript

Welcome to the first **Rookie Reply **episode of the Rookie podcast! We’ll be taking questions from Facebook, Instagram, the BiggerPockets forums, and maybe even the Rookie Request Line (Call us at 1-888-5-ROOKIE).

This week’s question comes from Trevor) on the Real Estate Rookie Facebook Group. Trevor is asking: **What was the hardest part of getting started? What helped you overcome that obstacle, and how do you mitigate analysis paralysis? **

This is a question we often get, so it’s perfect for the first Rookie Reply show. Here are some suggestions:

  • See the first deal as a **learning opportunity **

  • Don’t let it become emotional

  • Verify your data and numbers

  • Have another exit strategy

  • Get an accountability partner

  • And more in the episode...

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group)!

In This Episode We Cover

  • How to overcome analysis paralysis)** **

  • Why you should know your “worst case scenario” and adjust accordingly to it

  • Having other exit strategies) for your property 

  • Having **reserves **(or a partner with reserves)

  • Taking the emotion out of the deal

  • And More!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/rookie50

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