Need help taking the leap!

[Shelly Shanks]

My husband and I found a 4plex that we are interested in. We have never analyzed a deal or anything previously and know that is the first step. We plan on looking into the numbers tonight using the calculators on biggerpockets. This property needs a lot of work. Our plan is the live in one unit and rent the others out. It's really scary to think about figuring out if this is a good deal, finding good contractors, selling our house, finding temporary housing, etc. Any suggestions for a complete newbie?

[Ben Leybovich]

@Shelly Shanks I am scared every time I make an offer. That's because I've lost money in the past. So, there's nothing wrong with you on account of being scared.

Having said that, one thing you should not be scared about is analyzing property. There is no risk in that. Aside, of course, for not knowing how to properly analyze. If that's where you are then don't worry about buying, and just study :)

Good luck!