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Updated almost 14 years ago,
Anxiety of First Rental
I'm new to REI, and have gotten into contract on my first property.
I have ran numbers, and numbers and numbers again, and feel that the deal is solid. I've networked with many processionals (bankers, realtors, investors, wholesalers, landlords) and believe in my abilities to make good investment decisions, but HOLY COW.
This first deal is nearly giving me anxiety. It's part excitement, anxiousness and partly worry.
The property isn't very costly as it's in Cleveland Ohio (good ol' rust belt). It's tenant occupied, and will be managed by property management (as I'm out of state).
Am I the only one that has these crazy anxieties during a new investment venture? I had these same anxieties when I first started purchasing stock when I was 18, when I bought my first investment car note (I've only bought a few, but was crazy). Don't get me started on forex (which I ditched because it wasn't good for my health). Or monitoring my funds that I have in Peer to Peer lending.
Am I going crazy? Please tell me I'm nto the only one.. PLEASE