I finally analysed my first property!!😁😁 It took 6 hours tho 😫

[Amandeep Singh Bassi]

I didn't know who to tell or where to post this so I thought I'd do it here on BiggerPockets!!! 

So yeah, I finally took the plunge and analysed my first property. I was able to find out it cash flowed around £100 a month with a 5% CoCROI. 

BUT, man I thought I knew all I needed to know from reading real estate books but I quickly found out I didn't know not nearly enough. 

I didn't know how to get the best insurance, mortgage and what closing costs would consist of.

I didn't know what percentage to use for working out mortgage cost after your fixed term ends and how to analyse it for the long term when percentages increased.

I found a quote for conveyancing, found a quote for many things. Plus, being in the UK I learned I have to pay stamp duty tax too 🙄

I felt like I was hitting walls head first each and every time but I said I won't give up and I didn't give up. I pulled through it and finally analysed my first property guyss !!!! Woo!!!! that feeling in the end was worth the six to seven hours I spent scratching my head thinking what the heck. 

Thats all the updates I have for now.

Did you all have the same issues when you analysed your first property or is it just me?