Longtime podcast listener, first time investor

Member since 2025 · 13 posts · 13 votes

Well, after listening to the the various BP podcasts for way too long, we finally pulled the trigger and have our first purchase agreement. Like I did many years ago with my first personal home purchase, I'm having that slight up-tick in the heart rate going, "oh no, what did we do?" followed immediately by, "there's so many things I know we need to do any figure out, crap!"

So yeah, we're here - finally connecting on the forums and while scared, excited to finally be moving forward in this adventure.

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Todd AndersonPro Member

Real Estate Agent · Cape Coral, FL · Member since 2023 · 392 posts · 175 votes

11mo

@Brian Binkley,

Welcome to the BP community and congrats on making the biggest and hardest step, the first one.

I started my investing career just over 30 years ago in Minnesota, buying a total gut job on the east side of St Paul on a credit card. I totally understand the feelings your feeling.

This is a great place to reach out and get other peoples feeling on a specific problem you might be having. But I understand the point of not knowing what you don't know. Take it one step at a time. REI is a marathon not a sprint. Keep learning with every step.

Best of luck to you and reach out with specific questions.

[email protected]651-492-5652

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Nadeem Alamgir
Real Estate Agent · Member since 2023 · 831 posts · 577 votes
11mo
@Brian Binkley

Sounds like you’re buying some real estate haha!

Congrats on taking the first step. It’s completely normal to feel what you’re feeling right now. The first deal gets you into the market and gives you the momentum you need to hit your goals. Great way to end the year. Best of luck with the inspection and closing!
1 Reply
Drago Stanimirovic
New to Real Estate · Miami, FL · Member since 2024 · 1k+ posts · 478 votes
11mo
Congrats, Brian! That mix of nerves and excitement is totally normal, means you're pushing into something that matters. Taking action after all that podcast learning is a huge step, and the first deal is always the steepest learning curve.

Trust the process, stay curious, and know that every investor has been in your shoes at some point. You’ve got this, and you’re not alone on the journey.

Welcome aboard!
1 Reply
Ken M.
Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
11mo
Quote from @Brian Binkley:

Well, after listening to the the various BP podcasts for way too long, we finally pulled the trigger and have our first purchase agreement. Like I did many years ago with my first personal home purchase, I'm having that slight up-tick in the heart rate going, "oh no, what did we do?" followed immediately by, "there's so many things I know we need to do any figure out, crap!"
So yeah, we're here - finally connecting on the forums and while scared, excited to finally be moving forward in this adventure.
Are you looking for advice on what you have already bought or are you looking for the next one?
1 Reply
- Brian Binkley
  OP
  Member since 2025 · 13 posts · 13 votes
  11mo
  Quote from @Ken M.:
  
  Quote from @Brian Binkley:
  
  Well, after listening to the the various BP podcasts for way too long, we finally pulled the trigger and have our first purchase agreement. Like I did many years ago with my first personal home purchase, I'm having that slight up-tick in the heart rate going, "oh no, what did we do?" followed immediately by, "there's so many things I know we need to do any figure out, crap!"
  So yeah, we're here - finally connecting on the forums and while scared, excited to finally be moving forward in this adventure.
  Are you looking for advice on what you have already bought or are you looking for the next one?
  
  Hi Ken - no specific questions yet as I'll do my best to search the forums before I start asking away. But I see you identify yourself as a Zero Down Specialist so I may reach out in the near future to hear more of your insight with that topic.
  1 Reply
Todd AndersonPro Member
Real Estate Agent · Cape Coral, FL · Member since 2023 · 392 posts · 175 votes
11mo
@Brian Binkley,
Welcome to the BP community and congrats on making the biggest and hardest step, the first one.
I started my investing career just over 30 years ago in Minnesota, buying a total gut job on the east side of St Paul on a credit card. I totally understand the feelings your feeling.
This is a great place to reach out and get other peoples feeling on a specific problem you might be having. But I understand the point of not knowing what you don't know. Take it one step at a time. REI is a marathon not a sprint. Keep learning with every step.
Best of luck to you and reach out with specific questions.
[email protected]651-492-5652
2 Reply
Jeff Rogers
Investor · Rochester, MN · Member since 2020 · 85 posts · 57 votes
11mo
Welcome to the forums Brian! Congratulations on the purchase agreement!
1 Reply
Min ZhangBusiness Member
Real Estate Agent · Member since 2022 · 1k+ posts · 1k+ votes
11mo
Brian, congrats on taking that leap! That mix of excitement and “oh no, what did we just do?” is honestly the most normal thing in the world when you’re getting your first place under contract. I felt that same rush on my first one too.

It’s a lot to figure out, but once you start checking things off one by one, it becomes way less intimidating. Enjoy the moment since it’s a big milestone. What part of the process are you tackling next? Happy to trade some notes!
[email protected]614-412-2912
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Tim SwierczekPro Member
Lender · White Bear Township, MN · Member since 2016 · 1k+ posts · 1k+ votes
11mo
Brian, that is a totally normal feeling. I caution all my first-time clients that this will happen. The best way to overcome is to both realize it's normal so that you don't overreact, and lean on your team for help and advice. There is a great investor network in the Twin Cities. You can attend in-person meetups or even listen to the Twin Cities Real Estate Investing Show to gain more market knowledge.
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