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Real Estate Investing with Coach Carson

#317b: Why Real Estate Investors Never Get Started - with Michael Zuber

Real Estate Investing with Coach Carson

Chad Carson

Investing, Business

4.9613 Ratings

🗓️ 17 November 2023

⏱️ 13 minutes

🧾️ Download transcript

Summary

Episode #317b – Discover how small steps, the right mindset, and managing fear can transform you into a confident investor. Get inspired to take that leap towards financial freedom.

🔗 Show Notes:

https://www.coachcarson.com/getunstuck/

🎬 Timestamps:

0:00 - Intro

1:37 - FEAR

5:04 - How to combat FEAR

8:40 - Self-doubt

9:41 - How to combat Self-doubt

--------------------------
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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the podcast Real Estate Investing with Coach Carson. I'm your host Chad

0:11.8

Carson. You can also call me coach. And this is a show to help you get out of the financial

0:15.3

grind so you can do more of what matters. You know, one of the most common problems I run into

0:19.9

when I'm teaching or coaching other real estate investors is they get stuck. It's this phase of overwhelm or analysis paralysis where you just get frustrated and you don't know how to make the next step. Well, in this episode, I'm teaming up with Michael Zuber. This was originally on his show, one rental at a time, and he let me republish it here, where we share our experience over the last 21 years in my case and I've also been teaching and coaching other investors for the last 13 years on how to get unstuck, how to move forward, how to figure out a practical way to take those next steps. That's what we're going to cover. Hope it's helpful for you if you find yourself in that situation. Really, before we get started, if you get any value out of the show, I have a quick request. It'll just take a few seconds, but it would mean the world to me. One of the main ways we get new people to listen to the show is when they read a review. So my request is if you can leave a review on Apple Podcast or Spotify, letting people know why you like the show, why they should listen, it would be extremely helpful to me. It would

1:13.5

help us spread the word to new people, and I would really appreciate it. Now let's get started with the interview. There are lots of folks that just don't get started, and I want to know what Chad thinks. Buddy, how you doing? Doing very well, Michael. Thanks for having me again. Absolutely. I love having you. I love having these conversations.

1:29.6

You're doing this a long time helping thousands and thousands of people. And I got to ask,

1:33.7

why do you think it is people just don't get started?

1:38.3

Yeah, the first word that came to me was fear, although I think everything you just mentioned.

1:43.4

I think I'm thinking of

1:45.0

individuals who had had some kind of quality, but I think we could peel the layers back a little bit.

1:51.1

Ultimately, fear is a big one. I mean, we're all human beings. We're all animals who have

1:55.9

these emotions. And when it comes down to it, real estate investing is a decision that has bigger stakes

2:03.6

than seemingly some of the other investments you can make.

2:06.4

Like you can go buy a stock and put $100 in just to dip your toe in the water, buy $100

2:10.7

bucks of the S&P 500 and oh, okay, let's see how this works.

2:13.6

You can kind of understand how the, under the hood, how it works.

2:17.0

Real estate is a little

2:17.7

different. I mean, it's like this, it's like you're taking this leap over this, this chasm,

2:21.8

it feels like, and you're all in, like the down payment, the debt, the, you know, the consequences

2:28.8

of buying in a certain location. So I just, I just think that magnitude, that feeling of

2:33.6

magnitude of buying real estate is just a little different than even maybe starting a business. Like I know when I've started businesses, I've found ways to get in with, you know, not a lot of risk. Let's just test this out. Let's sell it to one customer. Let's figure it out. I don't know. I think to me, that's like the top layer is just that real estate real estate's a little bit different animal. That's pluses and minuses to that. But the, you can't kind of halfway do it. Like you've actually got you've got to really, really take that step. Otherwise, you're not in. Yeah. So let's peel that back and let's because again, when I when I sort of look out there, the world that we try to help motivate and courage,

3:10.0

sometimes we have to realize where the message is not being received, right?

...

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