Analysis paralysis!!! When is enough enough?

[Shane Forrest]

I'm at a point where I'm ready to buy a property, and I have one I'm looking at for the BRRR strategy. My question is how do folks get themselves past the nerves of pulling the trigger the first time. I've run the numbers several times and I believe I have the purchase price to make it work, but I'm still concerned I've overlooked something. Any ways to double check or strategies for reducing the nerves to pull the trigger on a property? I don't want to fall into analysis paralysis and never buy anything, but I don't want to get too excited and make a move before I've done all my homework!

[JD Martin]

1. Know your math, 2. Know your neighborhood, 3. Know your rehab costs, 4. Know your exit strategy. If you know all these things, and the math works, and you're not risking all of your money such that you'll be homeless if you fail, and you've got a plan for getting out if it doesn't work out, then you are only left with the decision on whether or not you want to be a real estate investor. At some point you have to accept that it may not go exactly as planned, and if you can't accept that risk you'll need to look for safer, lower-return investment options.