Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago,
Help!
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