Whether it’s your first property or your tenth, investing in property is a big deal. First-time investors often feel apprehensive about whether they are making the right decision.
Fear cripples many wanna-be investors. They just sit on the fence and watch opportunities after opportunities slip through their fingers.
But to understand why people fall into this trap, it’s critical to understand the fear and how it operates in us.
Fear is a strong emotion that can be categorized into three types.
– There’s the actual emotion itself
– Fear of something specific which are limiting beliefs
– Anxiety which is related to the future & what could happen
Fear As An Emotion
When we look at the fear on the emotional level, the real question is, “is the emotion appropriate for the situation, or is it out of proportion?”
Because, it’s okay to have a little bit of fear in certain situations.
For instance, if you’re walking on the streets late at night and hear some noise, you probably get a little jumpy. The fight-flight response would kick in to protect you from the present dangers. It’s an appropriate type of fear.
On the other side, we have out of proportion fear which is over the top. It’s irrational. This is where people overreact in their situations. This is also the kind of fear that causes inaction. It causes people to procrastinate, avoid things, get distracted by other things, and stay stuck pretty much. That’s the problem with fear.
Fear of Buying Property
Investing in a property is one of the greatest decisions you’ve to make in life. It’s the second most important after deciding whom to marry.
But you shouldn’t be afraid when it comes to buying property. You don’t want to jump in guns blazing.
It’s very critical for people to do their research and all due diligence before making any major decision. You need to do the analysis and talk to experts who have gone ahead of you. And once you have all the facts, once you have all the information, you need to make a decision you’re happy with.
That will require you to trust yourself and make that decision. Because if people have a fear of trust in themselves, what can go wrong, fear of failure or success, they will be held back. The fear will get its way in making a decision.
One of the things that most people are afraid of is getting out of their comfort zone. It’s a normal thing for every human.
But people need to be comfortable with being uncomfortable.
Stepping out of your comfort zone is uncertain. It’s unknown. It can be scary for some people because they have been there.
However, if you need more than you already have, get out of your comfort zone.
As human beings, we need to keep learning and growing. And the only way to grow is to get out of your comfort zone.
Because if we stay in the comfort zone, we get stale, bored, frustrated, and we start yearning for something different.
Start expanding your comfort zone bit by bit.
Dealing With the Fear From Your Friends & Partners
Often, when you talk about your goals and dreams with people with small dreams or insecurity, it pushes their insecurity button. That’s why the negative response comes out. It’s reflecting their own view of the world and what they believe they can or cannot do.
You need to realize that it’s their beliefs unless you choose to adopt those beliefs.
The most important thing you need to realize is that everyone has an opinion based on their values and beliefs, different from yours.
So, the question is, are the opinions they’re giving well researched and educated? Or are they just based on a headline maybe they read somewhere & they become an overnight expert?
Just be mindful of that.
Have enough inner certainty in yourself that other people’s opinions don’t matter.
Commit your goals, and get your partner on board. But you both need to agree on the same values and beliefs when it comes to the opportunity you’re taking. The agreement should be based on facts, findings, and concrete goals.
So, get them involved in the learning process. They need to understand every bit to get the inner certainty.
And here are some of the best ways to get total inner certainty on everything you do in your life.
– Remember, you’re in control.
– Set goals to get certainty of your direction
– Focus on what you want. Avoid what could go wrong.
– Take action. It breeds momentum
– Create a supportive environment. What or who you listen to matters a lot.
Most importantly, seek help from experts. Get trained by people ahead of you. And bring your partners on board too.
This is the best way to overcome the fear of investing in property. Get training from people who’re actually investing and making money out of it.
If you’re curious to know how to do it yourself, I have a 14-day challenge to help people who want to create their own Blueprint for creating a cash-positive property portfolio that gains value and gives you passive income on autopilot.
Over 14 days, participants hear from the experts and learn from me how to develop your plan, fix your credit, look good for the banks, organise your tax structure, choose the right property, set yourself up for 5-10 properties (instead of getting stuck at 1), and much more.
The Challenge helps you get educated and create an informed plan for getting your first, second, third, and beyond cash flow positive investment properties.
It’s a great way to get your ducks in a row and start on your path to becoming a property investor in a safe and steady way.
At the moment I’m offering entry to the challenge with no payment upfront, so there’s basically no risk involved.
If you’re interested in finding out more, go visit this link to check it out.