Fear Of Missing Out (FOMO)
We want to take a minute and cover this very real fear. We see over 90% of new investors get in to the market because of FOMO.
Please be honest with yourself and determine if this is the reason why you're getting into it.
If so, don't worry not all is lost.
We understand that you may be seeing on TV or Facebook, how many people are "crushing it" by investing real estate. So you don't want to miss this amazing, once in a lifetime opportunity.
The truth is, this isn't a once in a lifetime opportunity. People have been making money off real estate since the beginning of time. They will continue to do so until the end of time. As long as you have money to invest, you too can take advantage real estate. Regardless of the point in time.
The key is having money! But if you rush in because of your FOMO then chances are you will make a bad decision.
We know investors that made money right up until, during, and after the 2008 crisis.
So please, eliminate your FOMO. Don't feel like you need to jump into a bad deal now because they're all going to vanish! As long as people live in houses there will deals to be made.