Analysis Paralysis vs Emotional Decisions

[Christin Nguyen]

Hey everyone,

I'm new to bigger pockets and new to the world of REIs. I found a property through an old landlord who is looking to sell the property come spring. We started talking about how I want to begin house hacking with a multifamily home and he brought up this property. 

I am excited bc after running comps in the area, it's a good price for the location. But, it will need 50-60k in renovations so I think I have to take time to really think about my next moves.

I don't want to be stuck overthinking all the "what ifs" and develop analysis paralysis. But I also want to continue making calls to contractors/electricians/handymen to really get a grasp on what I'm getting into. Buying a house is such a big purchase, let alone a duplex to rent one unit out as well! Any thoughts on what else to think about before putting an offer in?

[Eliott Elias]

Take emotion out of it, look at the deal in its bare form. You shouldn't have to think hard if the numbers work.