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Fix & flip anxiety
Hey y'all,
I've had a lot of previous experience with rentals (single & small multi family, STR) and did my first flip in 2023 (where I lost a very small amount due to contractors taking 3x the estimated timeline), and I'm looking to finally get into serial flipping. The Nashville/Central TN market has been hot but is starting to cool, but rates are now down, giving me hope. I'm struggling overcoming the anxiety of pulling the trigger for a number of reasons, but I'm trying to build up the capital to eventually purchase an LTR portfolio. I think I've hit the analysis paralysis stage, and trying to get over it.
Should I get over the anxiety and pull the trigger, or should I look at other creative ideas to build the portfolio over time? Any tips from those who have experienced the same anxiety?
BTW, I have a great agent, an 800+ credit score, a high paying tech job, no debt besides my mortgage, a home that's difficult to get a HELOC on because appraisers can't figure out what it's worth (I live in the country in a very unique mid century home), but only a small amount of cash.