I have had discussions with friends and family who indicated interest but when things got real and I was discussing providing a 12% return people were still very reluctant - ultimately there is too much worry and if you have never done this before its hard to pull the trigger. 

Who did you need on your team before you pulled the trigger?

We’d like to get another house hack as soon as possible but not sure when we should pull the trigger on that.

When we pulled the trigger on these properties, they were no brainers compared to the “normal” investments.

So I have a deal that starting to fall apart.. probably not going to pull the trigger on this one but can some of you guys run the number to see if it would make sense..Asking 153,000Got him down to 148,500Now he wants 151,000 because he said he has to pay to pay the lender to hold the loan at 8 percent for 4 years.

I triggered the Tidewater clause and got it to $345,000, which was enough for my seller as his wife had fallen in love with their next home.The speed of appraisals has been more of an issue recently, especially with COVID-19. 

Basing from a previous BP podcast episode the guest routinely starts refinancing paperwork upon closing on the property then freezes the process until he's ready to pull the trigger for the cashout.

At what point do things trigger for you.  

I would also suggest getting prequalified for a loan so that you are ready to pull the trigger when you find the right property.

First of all, congrats on making the decision to pull the trigger on your first investment.