Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
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 8 years ago on . Most recent reply

User Stats

706
Posts
171
Votes
Joshua D.
  • Rental Property Investor
  • Pittsburgh, PA
171
Votes |
706
Posts

Is it normal to be scared and nervous, even if you're doing well?

Joshua D.
  • Rental Property Investor
  • Pittsburgh, PA
Posted

So first let me say, my wife and I got into real estate investing about a year ago. I am going to put below the RE deals that we have made, thus far. 

1. Duplex- Paid 16k-Worth 35k- Generating $1,280/month in rent

2. SFH- Paid 27k-Worth 75k- Generating $925/month in rent

3. SFH- Paid 36k-worth 90k- Generating $1250/month in rent

4. SFH- Paid 40k- Worth 85k- Will generate $850/month in rent

5. SFH- Paid 24k- Worth 35K-Will generate $950/month in rent

6. SFH- Paid 24k- Worth 65k-Will generate $750/month in rent

7. 4.6 acres of Land + utilities - Paid 11k- Worth 40k-Will sell for 22-32k

8. SFH- Paid 22k-Worth 52k- Will generate $750/month in rent

NOW, granted, these numbers don't include our utilities costs/mortgage costs, etc. 

(However, we are in less than 100k in debt total, around 71k to be exact right now.)

With us growing, we get nervous every now and again that we are doing the right thing. Sure, we've gained tons in equity, but then you get nervous wondering, "well what if i couldn't sell it?"

Do you ever get nervous about sinking so much money into real estate? Do you think that it's 100% worth it? Feeling victorious but a little fearful, is it jusitified? Is it normal to ever feel apprehensive at times, hoping and praying that you're doing the right thing? 

  • Joshua D.
  • Most Popular Reply

    User Stats

    10,252
    Posts
    16,111
    Votes
    Steve Vaughan#1 Personal Finance Contributor
    • Rental Property Investor
    • East Wenatchee, WA
    16,111
    Votes |
    10,252
    Posts
    Steve Vaughan#1 Personal Finance Contributor
    • Rental Property Investor
    • East Wenatchee, WA
    Replied

    Doing anything new gives us a little pause usually. Or at least it should.  Like @John Chapman points out, we often don't realize unforeseen problems or mistakes for a long time.  Just try and learn from setbacks as quickly as possible.  Do a CSI on them and adapt quickly.  Learn something new everyday.  

    Landlording is a very long-term strategy for the patient.  Anybody who 'bumps' after less than an hour of no responses may not possess such patience.  

    Loading replies...