Investment Property 911 – 3 Signs You’re Stuck in Analysis Paralysis

March 28, 2013 Sam Saggers

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Do you need an investment property paramedic to rescue you from your analysis paralysis?

Seriously though – if you find yourself in the same financial situation year after year, no closer to buying an investment property than when you first began your search, you’re likely stuck in an attitude of indecision often described as ‘analysis paralysis’.

Take a look at the 3 symptoms listed below of this dreaded “disease” and discover how you can cure it – moving forward in your wealth creation goals to buy that first (or next) investment property!

 

analysisparalysis

Image courtesy of Flickr/linus_art

 

 

number 1The research you’ve done for your investment property purchase is impressive, no doubt, however your wife is threatening to move in with her mom if the boxes of market research are not cleared out of the bedroom…the hallway…the kitchen cupboards…pronto!  

 

number 2Your friends and acquaintances – none of which have ever purchased an investment property themselves by the way – lay out countless “scenarios” which could happen if you were to purchase this investment property. Unfortunately, many, if not all of these “scenarios” involve painful events – a prospect which only serves to deepen your paralysis!

 

number 3You wake up in the morning and your resolve is strong. You decide you’re going to buy that investment property you’ve had your eye on. After all, you’ve researched the market thoroughly and you know this is a great deal.

 Then comes lunch.  All of that morning resolve has fled the scene and you’re back where you started – no closer to financial freedom than when you first began your research. Ouch!

Maybe it was the tuna salad…?

panic word

Image courtesy of Flickr/Stuart Miles

The common thread for each of these symptoms of analysis paralysis is FEAR!

Fear of failure….

Fear of success….

Fear of {fill in your fear(s) here}…

While educating yourself about the markets and doing your due diligence will go a long way towards easing your fears, you’re going to need stronger medicine than simply READING AND LEARNING about investing in property to break free from this fear.

It’s going to take EMBRACING YOUR FEARS AND SIMPLY DOING IT!

A powerful cure then, for analysis paralysis is to LEARN ABOUT BUYING AN INVESTMENT PROPERTY FROM PEOPLE WHO HAVE DONE IT, AND THEN DOING IT YOURSELF!

Still not convinced?

David McCarthy and his wife Edith suffered from the same “malady” you’re facing right now, however they were able to overcome their affliction by seeking out assistance from one of our head coaches. Read their amazing story here.

So what’s the bottom line? Take action. And the first action, I would humbly suggest, should be to seek out qualified property investing specialists and learn what they did to overcome their fears.

We would love for you to become a part of the Positive Real Estate family so that we can help you overcome your fears and encourage you at every step of your property investing journey. To find out more, come along to our next Property Investor Night. Not only are these events free, they’re fun as well, with absolutely no strings attached. No fear here!

We look forward to meeting you soon!

 

 

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