1 Simple Trick to Overcome Analysis Paralysis REI In Your Car 1161
On my drive today, I was thinking about the importance of making decisions, especially when it comes to making offers. Many people are afraid to make mistakes, and I see this happen a lot with new investors. It\u2019s easy to get stuck in analysis paralysis, trying to anticipate things but then it prevents you from taking action and closing deals. I\u2019m going to give you a real simple formula to follow in case you\u2019re struggling with this, along with some examples.
With vacant land, it\u2019s common to see prices that are listed high, so you need to validate the number. When you\u2019re looking at your numbers and the data and you\u2019re getting confused, pick the lower or higher number based on what you\u2019re trying to do. If you\u2019re looking at a house and are assessing the number of repairs needed, the higher number of your estimate is going to be the more conservative one. And with land, it\u2019s often going to be the lower one. Remember, you make a profit when you buy, not when you sell. Don\u2019t be afraid to get rejected on your offers. It\u2019s all just a numbers game, so the more you get out there, the more you learn and the more deals you\u2019ll wind up doing.
What\u2019s Inside:
\u2014A simple formula to use to get out of offer analysis paralysis.
\u2014Why you should always choose the more conservative price when making an offer.
\u2014Why you shouldn\u2019t be afraid of your offers being rejected.