Am I ready to pull the trigger?

[Brian Cooke]

I found a house I want to buy for my first deal. Goal is fix and flip. I looked at the house and came up with an estimate for repairs. It is on the MLS, so I had to convince my realtor that the offer I want to put in is not an unreasonable low ball. Eventually he told me to let him know when I have everything together and he'll put in the offer. I called a hml and got a preliminary approval. They won't comp the home and approve the loan until after I have a contract.

I was going to tell my realtor to send the offer, but now nervousness is setting in. I don't have contractors in place, or official repair estimates. Or insurance. Or... You get the idea. I don't know what are legitimate things needed to have in place before an offer, and what is just me freaking out because I'm going to borrow a bunch of money to do something I've never done before.