Everything falling into place for 1st flip, but I'm nervous!

[Zoran M.]

Over the last several months I’ve read over countless posts in this forum, dug into J Scott’s books and listened to just about every BP podcasts. Each has been a tremendous resource in my goal of acquiring and flipping my first investment property.

As it stands today, I received a sizeable cash infusion from a private investor. I have seen numerous properties and have narrowed my search down to a single REO that's been on the market for 250+ days. I had a GC come out and quote the property. Numbers make sense and it should yield a 25-30% cash-on-cash return. My wife is on board and is supportive.

All is well? Sure! No!

I’m quite nervous. I was given a large investment by a family member and all he said was “don’t lose my money.” No interest. No profit split. He just wants to help me out. Well, the numbers make sense so I don’t expect to squander his investment. But alas, so much can go wrong during the process.

The funny thing is I’ve invested sums bigger than this in the stock market, but what made me comfortable in doing so was being able to exit the investment in a literal nanosecond. This is, if I’m lucky, a 3-6 month investment.

Any advice? How did you feel before/during/after your first flip?