Fear. No matter what phase of my house flipping or real estate investing career I’m in, it just keeps rearing its ugly head.
No matter how many years you’ve been in the real estate investing business, or if you’ve done nothing as of yet, fear is there every time you do something out of your comfort zone.
I still go through this even now. In fact, every time I advance myself in my career or I go to the next level, I go through these same fears all over again in a sense. I figured that at some point in my real estate investing career, fear would just melt away. I’m still waiting for that day to come.
Let me give you an example.
Just nine months ago, we were flipping on average a deal a month. At the time, I thought that was pretty good, but I knew the market was changing and I decided I needed to change my approach.
So I made the conscious decision to double if not triple my business by adding an acquisition manager to my house flipping team. Although I thought that I had pretty much overcome most of my fears in house flipping, as soon as I decided to do this, all the same fears came rushing back.
About at the same time, I then decided to step outside of my comfort zone even further so I decided to start buying rental properties in other states.
More fears once again…
Fear, House Flipping and The New Investor
All the same fears you have now as a new real estate investor are the exact same kinds of emotions I have and continue to have as I grow my business. I’ve experienced both – and they’re pretty much the same thing. Both are fears fuled …read more