First deal overthinking all details - Points and Closing Costs

[Michael Litle]

I'm about to offer on my first deal, a duplex in a slightly expensive market but will cashflow fairly easily.  I found a lender through BP who seems very knowledgeable, experienced, and likely someone I could grow but before I lock everything in, I can't help but wonder if I'm wasting valuable liquidity early on by paying $12k in closing ($7500 for 2 points).  Should I be nitpicking closing costs?

The deal breakdown will be likely a $420k offer with 10% down @ ~6%.  With Closing costs, mortgage is just over $2500 and rent for both sides is $3200 - $3500.  Overall an excellent first deal I believe, but I'm already ready to find make my next offer so I don't want to chew up cash I might need on the next down payment.

Am I over analyzing while I'm trying to learn this process?

[Robin Simon]

Quote from @Michael Litle:

I'm about to offer on my first deal, a duplex in a slightly expensive market but will cashflow fairly easily.  I found a lender through BP who seems very knowledgeable, experienced, and likely someone I could grow but before I lock everything in, I can't help but wonder if I'm wasting valuable liquidity early on by paying $12k in closing ($7500 for 2 points).  Should I be nitpicking closing costs?

The deal breakdown will be likely a $420k offer with 10% down @ ~6%.  With Closing costs, mortgage is just over $2500 and rent for both sides is $3200 - $3500.  Overall an excellent first deal I believe, but I'm already ready to find make my next offer so I don't want to chew up cash I might need on the next down payment.

Am I over analyzing while I'm trying to learn this process?

 Don't have all the details obviously but I think you should pull the trigger and not stress too much on the closing costs, if you listen to a lot of the podcasts/stories of experienced and successful investors, the advice is almost 100% uniformly to just "jump right in" and get over the hump on the first property, the learning lessons and the push to get you out of the paralysis analysis phase seems to always be well worth it, way more than potentially leaving a few pennies on the table