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Ever Been Stuck in "Analysis Paralysis"? w/ Bailey Kramer
It’s one of my favourite things in the world to see real estate investors finally take the leap from student to practitioner. When they finally take that step and buy their first investment property, it’s truly something special to watch all of their fears go away.
It’s not that they don’t have things that concern them, but it changes. The primary fear that causes people to hesitate is “What if I lose all my money?”.But the first thing that happens to new investors is their mindset shifts from “What if I lose all my money?”, to “How do I make this work?”.
It might not seem like much from the outside, but that fear keeps people locked in “Analysis Paralysis” for months, years, or sometimes forever.
I mean think about it, we all that friend or relative who’s told us something like,
“Ya know… I coulda bought that property way back in the ‘70s for next to nothing. Have you seen what it’s worth now?”
The worst part is, that’s a regret they’ve been playing over in their mind for decades, and it’s going to continue to play until the day they die. The fear of losing what seems like a minuscule amount now in comparison, kept them from taking action, and caused them to miss out on the benefit of owning that property now. A time in their life when that extra income would make a massive difference.
So how do you overcome that fear?
That’s exactly what we’re talking about on today’s episode of the “Investment Property Income” podcast. Our first guest of 2022, realtor, investor, property manager, Bailey Kramer, got started in real estate investing just over a year and a half ago. He now owns 7 short term rental properties in different parts of the US, and did it all using other people’s money and experience.
The most fascinating part is he’s only 21, and doesn’t have a background in Real Estate. He decided that he wanted to learn. Found every meetup he could. Networked with as many people as possible, and no matter what was going on in the world, set a goal and is on track to achieve income independence by the spring.
Everyone needs to hear Bailey’s inspiring story.
www.guidetothegrind.com
View all episodes
By Jonathan Tillger & Geoff Edie
5
22 ratings
It’s one of my favourite things in the world to see real estate investors finally take the leap from student to practitioner. When they finally take that step and buy their first investment property, it’s truly something special to watch all of their fears go away.
It’s not that they don’t have things that concern them, but it changes. The primary fear that causes people to hesitate is “What if I lose all my money?”.But the first thing that happens to new investors is their mindset shifts from “What if I lose all my money?”, to “How do I make this work?”.
It might not seem like much from the outside, but that fear keeps people locked in “Analysis Paralysis” for months, years, or sometimes forever.
I mean think about it, we all that friend or relative who’s told us something like,
“Ya know… I coulda bought that property way back in the ‘70s for next to nothing. Have you seen what it’s worth now?”
The worst part is, that’s a regret they’ve been playing over in their mind for decades, and it’s going to continue to play until the day they die. The fear of losing what seems like a minuscule amount now in comparison, kept them from taking action, and caused them to miss out on the benefit of owning that property now. A time in their life when that extra income would make a massive difference.
So how do you overcome that fear?
That’s exactly what we’re talking about on today’s episode of the “Investment Property Income” podcast. Our first guest of 2022, realtor, investor, property manager, Bailey Kramer, got started in real estate investing just over a year and a half ago. He now owns 7 short term rental properties in different parts of the US, and did it all using other people’s money and experience.
The most fascinating part is he’s only 21, and doesn’t have a background in Real Estate. He decided that he wanted to learn. Found every meetup he could. Networked with as many people as possible, and no matter what was going on in the world, set a goal and is on track to achieve income independence by the spring.
Everyone needs to hear Bailey’s inspiring story.
www.guidetothegrind.com