Taking That First Step.

[Gabriel Gutner]

Analysis paralysis. Crap or get off the pot. 

That's where I'm at. I've been spending the past year preparing and learning and saving some money to start my own little Real Estate Empire. In that year I was able to purchase my first home. I bought right before this pandemic using a conventional loan with very little money down and I actually lucked out a bit. I got an off market property for under market value with the intent of renting it out after 6 months of owner occupancy and a minor face lift. Luckily for me, a very similar house just sold 3 houses down for 100k more than I purchased mine. Now its time to refi to free up some more purchasing  power. 

I'm lucky to say I'm in a good spot and I'm ready for the next step.  I'm not trying to rub it in the faces of those who are not.  I'm just so ready to take on a flip. I've done so much research that its time to learn by "doing".

... Taking that first step though...

Daunting.

Finding the deal, picking the right financing, finding the right contractor, picking the most economical upgrades for flip that still yield good rental incomes, and so much more. 

I feel like I'm at the bottom of Mount Everest looking up. But I'm ready to climb. I just need a kick in the butt.

That first step is a tough one for me personally.

If you could look back at your first step/deal/flip and give yourself one piece of advice or encouragement what would it be?

Thanks ahead of time! Stay safe during these difficult times!