Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago,

User Stats

10
Posts
0
Votes
Kyle Thompson
0
Votes |
10
Posts

First Deal Nerves/Anxiety...

Kyle Thompson
Posted

Hello all, 

I am 24y/o old entrepreneur in the process of closing my first deal. It has been a goal of mine for awhile now, but **** didn't get real until my offer was accepted. Then all these never before thoughts started coming to my head... 

A brief description of the property. It is a duplex in one of the nicest downtown areas in my city, all recently renod and turnkey. I wasn't necessarily looking for turnkey being my first deal, but this house is definitely one of the top duplexes in my city. I obviously had to pay a significant premium for this.. 

Anyways, back to the thoughts... 

I looked at probably 8-10 places before this, and never got to the point of an accepted offer. They either got swiped up by rich investors with "no view" offers, or simply the property wasn't for me... After having my offer accepted, **** got really real.. I started to question my decision, asking myself am I really ready for this? Do I really want to be a landlord? What If my business flops? Is this going to bring a huge amount of stress and anxiety to my life? (I already have plenty of that being an entrepreneur haha). Just stuff that never even crossed my mind before. I have no idea if I am just overwhelmed with this whole "securing the deal" process or if these are genuine feelings telling me to pull out. I just really don't know what to think anymore.. 

Also worth mentioning that no one in my family or close circle is in this game. So really have had no one to ask for input. Story of my life as a self made entrepreneur... 

Can anyone give me any advice? Do you remember how you felt during your first deal? Is this common? 

Really hope to hear input, 


Loading replies...