I am 21 years old. A little nervous.. Should I go for it or wait?

[Andrew Michaud]

I am looking at a 5 unit apartment complex. I've been getting all the info I can on this place for the past couple weeks. Got the seller down to a nice price of 60k. Appraisal value on this property is 120k. All units are occupied and building/units are in fair condition. I got approved at the bank with no co signer last week. 4.75% interest fixed for 5 years then fluctuating there on for a 15 year mortgage. 20% down payment. So I will owe 48k. I am putting 12k skin into the game and expect a minimum of 8k return per year and maximum of 12k depending on repairs/vacancies. I don't have a house. Still live with family, want to get my hands dirty with real estate and build a nice portfolio. I have a very good constructuon background and plan to put some decent sweat equity into this building. My father is a building contractor, I do carpentry full time and also have an associates degree in Building Construction Technology. I feel the ball is in my court on this opportunity. I am a little nervous on what to expect and whether I am in the condition to go for this big move in my life. My biggest move I have ever made was a 12k loan on my 25k pickup... Should I go for this?