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

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

• BP Insights
• Rookie Podcast 12: What Works (and Doesn’t) in a Recession & the Untold Story of J Scott’s Messy First Flip

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

Learn more about your ad choices. Visit megaphone.fm/adchoices