I think I might be paralyzed, looking for the STR veterans out there

[Kim Durst]

I am looking for fellow STR investors to chime in here. Have you ever had that little negative voice tell you what the hell are you doing? You're making a mistake, this could all crash, STR's are going to be history (according to the chatter out there) Robert Kiyasaki says don't buy right now, and it goes on and on and on....

We've been in the STR business since 2018 and have done well. We are under contract on our 5th rental property and now have 4 STR's and 1 long term. The property in question is the most expensive we've ever purchased and it has me nervous as hell. I've run the numbers several times, researched the hell out of the area not to mention....we previously owned 2 STR's on this lake and KNOW 1st hand what the numbers do (that sounds crazy just typing it).

$530k, 20% down, 7.6%...ouch. All in cash to close roughly $119k plus 10k to furnish. Now....based on our old numbers pre, during and post Covid we should do roughly $100k plus we rent our boat which brings in around 20k. COCR at 100k is around 24% using Luke & Avery's spreadsheet. If I look at AIrdna, Price labs, etc...the data comes in a lot lower which is where I think I'm getting doubts. I'm stuck in the data.

This little voice is questioning all the what if's and the if only's....I'd love to hear from those of you who have had similar thoughts. How did you manage the voice? It can be exhilarating yet, terrifying at the same time.