New investors have a lot on their shoulders—a mixture of hopes and dreams for a bright financial future with some anxieties that it might not work out quite like they’ve built it up in their minds.
When it comes to real estate investment, we never really stop having some of these thoughts. There’s always a thrill, there’s always a little bit of anxiety before a big deal or a new venture.
But new real estate investors are in a distinct, unique position: they’ve never done this before. They’re experiencing it all for the first time, and every first-time investor at least some of these thoughts running through their heads. And this is how you deal with them:
Conquering Common Nagging Thoughts New Investors Wrestle With
“What if I lose everything / What if I fail?”
New investors especially worry about the prospect of failure. They’re never done this before, and they’re likely hearing constantly about all of the risks associated with investing in real estate. When you’re bombarded with negative rhetoric and warnings, it’s no wonder that new investors end up neurotically consumed with thoughts of not just failure, but ending up worse off than when they started.
While it’s totally possible to lose it all in this world, it only happens when you totally ignore all of the good sense that’s right at your fingertips. Every new real estate investor has a wealth of free education at their fingertips to equip them to make good decisions with their investments. Yes, there are scams out there. Bad things happen. There are people out there who want to take you for every dime you have.
But there’s are also so many resources out there to arm you against schemes, scams, and poor decision-making. You can be your own worst enemy in this business, but you can trust yourself if you lean on a solid education, good numbers, a good mind, and continued dedication to hard work and do due diligence.
Do that, and you don’t have to worry about losing your shirt.
“This is more trouble than it’s worth.”
Some new investors start off with dreams of getting rich quick, and they are rudely and abruptly awoken by reality. Once they try to do real estate investment on their own, they realize just how much work it really is. And yeah, it does seem like it’s a lot of trouble for not much payoff if you were expecting to get rich overnight!
The time it takes to build up your income stream with single-family properties, to scale and maximize your profits, takes a lot of time, dedication and energy. And many new investors realize quickly that they don’t have the time to make real estate investment a full-time job.
That’s why turnkey real estate investment is a great option, especially for new investors. It’s investing without the hassle of finding properties, negotiating deals, coordinating renovations, or finding tenants. Maintenance and management are handled. All of the details are taken care of for you—so you can focus on scaling your investments on your terms.
“I wish I’d done it differently.”
New investors will make mistakes. All of us have regrets. We have deals we wish had gone differently. We wish they’d worked out, or maybe wish we’d passed on them. Every investor has mistakes and regrets. The important thing to remember is to not dwell on those mistakes. The nagging feelings of inadequacy or failure can eat at you, especially if your mistake caused financial loss.
The best thing you can do is pick yourself up, learn from what happened, and don’t repeat the same mistakes in the future. You don’t do yourself good by dwelling on wishes and what ifs.
“I don’t know if this deal is right for me.”
Doubt happens to all of is. For inexperienced investors, it’s especially true! You’ve never done this before, and you’ve got all the more reason to be wary of making a deal. You just don’t know if it’s going to work out. Are you making the right call? Is this going to be a disaster? Are you getting the best price? Is there something better out there that you’re missing?
There are so many questions you can ask yourself that distract from the hard facts—and that’s where your focus should be. Right here, right in front of you, there are real numbers about your deal and the property you want. Trust those numbers. Trust what you know and what you’ve learned.
You might make a mistake. But you can’t let uncertainty stop you.
“I should just quit.”
Maybe you’ve found yourself in a discouraging spot. Things aren’t quite working out. Maybe you’ve lost money, or have found yourself dealing with
But we’re telling you: so many real estate investors stick through the initial rough patch and find the financial freedom on the other side. They worked through what wasn’t working and conquered it. Because here’s what we know: real estate investment does work. It’s proven. It’s tested. You can win. It might take a new strategy, a different approach, or a fresh start. But it does work.
If you’re feeling low, find a mentor. Get some support. Try something different. Don’t be content to quit or to stick with something that isn’t working for you!