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Updated over 10 years ago on . Most recent reply

User Stats

104
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53
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Chris Puglisi
  • Investor
  • Wallingford, CT
53
Votes |
104
Posts

Help!

Chris Puglisi
  • Investor
  • Wallingford, CT
Posted

I have been reading and learning over the past year and my goal for 2015 is to make my purchase.  This past week I found a deal that I am really excited about.  A motivated seller for a home that needs mostly cosmetic work.  I have looked over the numbers multiple times and looked at comps in the area but there weren't many that are similar to the property I am looking at.  the numbers seem to work and I have a large margin of error.  But I am having trouble pulling the trigger.  How did you guys work up the courage to make that first purchase and take that risk?  I think part of the reason I am concerned is that the numbers even when expenses are doubled still leave room to make money.  It almost seems to good to be true.  I don't want my first purchase to be a bust because I have been saving for a few years to make my first deal.  

Just looking for a little motivation. 

Thank you 

Chris 

Most Popular Reply

User Stats

229
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124
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Brooks Rembert
  • Rental Property Investor
  • Woodbridge, VA
124
Votes |
229
Posts
Brooks Rembert
  • Rental Property Investor
  • Woodbridge, VA
Replied

Chris,

Being nervous is perfectly normal when you have so much money on the line. One thing I would suggest would be to post the actual numbers you're looking at. That will allow more experienced folks to see how you are reaching those numbers and to play devil's advocate.

Congratulations on getting this far.

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