Finally understand the paralysis

[Ben Hudnall]

I've done my due diligence. I've found a great property. It cash flows quite well for the area. It's currently completely rented at 1500/1500/950. I'm pre-approved for the full amount, and mortgage + PMI + prop insurance = ~2000$.

However, I now understand the inaction or paralysis that I hear thrown around this site and on the podcasts. The concept of being on the hook for 2000$ a month if I cant get it filled is quite daunting to me. 

I know this place makes sense, and I know that 2/3 filled it pays for itself, but just that concept of pulling the trigger and making an offer is really hitting me.

Any advice how to get over this hurdle? Or am I looking at this the wrong way and I should pull back to a lower payment number?

(I'm really hoping that someday, this is one of those times I think back and kind of laugh about)

[Chris Grenier]

simplest answer to your issue...

You can know every statistic, fancy book terminology, whatever CORC, CCO, OKREL, f, etc, means, but...that isn't worth anything if you arn't cashing checks every month from it.