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Updated over 7 years ago,

User Stats

6
Posts
9
Votes
Bim Fujah
  • Johnston, RI
9
Votes |
6
Posts

First Multi Freak Out

Bim Fujah
  • Johnston, RI
Posted

Hello everyone. I've been lurking around the forums and listening to the podcasts for a few months now and I'm finally about to begin the process to acquire my first buy and hold property. The sale is contingent on me selling my single family home in Fitchburg Mass. and I have already accepted a great offer on that. 

I've run the numbers and they're solid, I'd be looking at about a 12% ROI with ok cashflow. I've purchased homes to live in before but this one feels different most likely because of the 25% down (around $41,000). I'm excited but I'm freaking out a little bit. For the folks who have done a few deals, do the big numbers still freak you out or does that go away eventually?

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