Looking for my first deal: Please help me relax

[Brian W.]

Hello BiggerPockets community. This is an incredible site. This is my first post here.

A quick history about me: I've been studying and researching investing in real estate for years and years. I am now ready to buy my first home. My goal is to buy 3 - 4 single family homes over the next 3 years that I will rent and manage myself.

With that said, now that I'm ready to buy, I'm getting this anxious feeling of being rushed. I am feeling like this because I'm being told that the real estate market is starting to heat back up. I'm being told this is a seller's market especially since we're moving into March and April - supposedly the hottest seller's market of the year.

I'm wondering if I should hurry to get something now before prices continue to rise, or if I should wait until this summer or fall when prices might come back down from the seller's market. I'm also wondering even if prices do come back down from the spring seller's market, if those new, lower prices will still be higher than they are today. In short, I'm feeling rushed like if I don't buy something soon, I'll miss out on all the deals.

I am aware that when emotion is high, logic is low so I need help calming down so that I move forward relaxed and operating on logic and numbers rather than anxiety.

[James Vermillion]

Welcome to Bigger Pockets Brian. Your use of the word hurry worries me a little bit, because when people hurry, they tend to make mistakes and that is true in real estate investing as well. You need to analyze your market and properties on your own, not just listen to what other people (who may or may not know what they are talking about) are saying.

People tend to overreact over and over again, so you need to fall back on your research, your data and your analysis...then you can make well informed, sound investment decisions. Keep calm and analyze!