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Updated about 2 years ago,
Nervous about buying my first rental property!
I have to admit--I am sooo nervous about buying my first rental property.I spend hours on the MLS, look at properties left & right, analyze until my eyeballs ache—but I still haven't been able to work up the nerve to make an offer.
I’ve read tons of stuff on how to landlord, find good tenants, do due diligence, etc.—BiggerPockets has been like, a godsend.But I still have the fear of getting a tenant from hell, based on the horror stories that I hear about landlording headaches.
Also, even though I've downloaded the BP rental analyzer and have tried to factor in as many numbers as possible per potential deal—I'm not gonna lie, all this stuff about "CAP rate" this and "2% Rule" that makes my head spin, lol!
Wasn’t a particular question—just needed to vent a little about an apparent acute case of analysis paralysis!But if anyone’s been there and is now doing great, I’d sure love to hear about it, lol! ;-)