I’m about to close on my second investment property early next week, and honestly, I didn’t expect to feel this nervous. I know many of you manage multiple properties; something I used to dream about doing myself. But now that it’s becoming real, I’m second-guessing whether I’m moving too fast and getting cold feet.
I bought my first property at 25, and now at 28, I’m taking this next step. Part of me wonders if I should’ve just focused on paying off the first one instead of jumping into a second. I probably could’ve had it paid off in three more years. I know that first property inside and out, the tenants, and the routines. Now I’m starting over again, with a new building, new unknown issues and new people to get to know. Maybe that’s where the nerves are coming from.
I’ve been dealing with anxiety lately too, though I don’t think that’s the main cause but being mix around; I genuinely want this to work. This feels like my first major leap forward, and I’m really trying to push through the fear. Has anyone else felt this way before making a big move? How did you deal with it? Does it get easier overtime?
Did Anyone Else Feel Like This Before Expanding Their Real Estate Portfolio
byu/Consistent_Drive_338 inrealestateinvesting
Posted by Consistent_Drive_338
4 Comments
I think it gets easier the more you own and the more track record you have with performance/issues and solving them. No substitute for experience.
Every purchase has made me off the walls nervous until I closed
The good thing about real estate is that if it’s not working out, you can sell it.
Gets easier.
For the first time this year I bought a house sight unseen. Went so well that I bought a second one sight unseen. That one did not go AS well, but its occupied and paying the mortgage so i’m not overly worried about it.
Honestly, someone else mentioned “good thing is you can always sell”. And that’s totally true. Sometimes you dont make as much money. Sometimes you lose some money. But it’s not like the total investment disappears. Stay within your means, spread the risk, and you’re fine.