Buying first Apartment complex.. Feeling nervous.

[David J.]

Hi 

I already have 6 SFH's and have been playing the SFH game since 2002. (Seriously playing since 2012)

However, I want to make the leap to Commercial. 

I have an offer approved for my first 20 unit complex.  It just hit me, whoa this is huge. My brain is playing tricks on me like "What if this back fires and undoes all the progress since 2012"

Anyone made the leap and remember this space I am in now? How did you deal with it? Any advice?

Just need to connect with someone who understands.

[Brad Sumrok]

I had an experienced team help me with my first deal including an experienced apartment owner reviewing my underwriting assumptions and an experienced GC walk the property with me to help assess the rehab costs. Also do you have a loan term sheet from a Multifamily lender? Strongly recommend you do the same, you don’t want to make any costly mis-steps.