I love the bigger pockets podcasts and I'm totally new at this

[Jen Starr]

New at this.  Single mom, mother of two.  Work full time, 3 days a week. Have been a landlord since 2009 when I moved out of a 2 unit condo I own. This condo has been very good to me and has made a lot of things possible that wouldnt have been possible on my salary/day job alone.

I recently came into some extra money.  It's money that I want to preserve and even grow for my kids future.  

Trying to decide between buying a few multis in a town/city I dont really know at all but is in close proximity to where I live now or buying a multi in a beach community that I know like the back of my hand. The beach community is very dear to me and my kids and buying a multi there could mean a tie to that community that feels far more meaningful.

The multis Ive been looking at are in the 250k range and with 20% down would net ~15-18K/year (30-36% return)

The beach community multi is potentially 850k and with 20% down would net 50K/year (30% return). 

I keep hearing on the BP podcasts (which I love, Brandon and Josh are like the closest thing I have to like-minded friends) that the biggest obstacle to get going in RE is fear. So Im reaching out to hear from you how you moved past it?????  

Can I do this? Can I take on a 4 unit property and make it awesome and brand it and build a dream?????  Not looking for a mentor, just looking for other newbies who have recently taken the plunge. Im inspired by people taking action, really doing it in life.

- Jen Starr

[Jon Lee]

Hi @Jen Starr....I understand the fear aspect that you are dealing with.  I have folks in my network that are afraid to take action and that is the only thing preventing them from reaching their dreams & goals.

I will say this though...something to take into consideration:  You should have no emotional attachments to investment properties.  Your comments on the beach community appears to show you are considering that area partly due to emotional attachment to the area as opposed to making your money work at it's highest and best use. For example; it appears that you can purchase multiple properties for the same price as one at the beach.  Multiple properties will give a larger return with less risk (spread out across more doors).  Just my two cents for what it's worth.

Take time and let the numbers show you the best way!  Best of luck to you!