True, spreadsheets can't predict everything, but honestly, sometimes people lean too heavily on the "expect the unexpected" mindset. I've seen folks pass up amazing opportunities because they're waiting for that perfect moment...which never really comes. Just something to think about.
Fair point, but isn't there a difference between being cautious and just waiting indefinitely for that elusive "perfect" moment? In real estate investing, I've seen plenty of deals collapse because someone hesitated too long, waiting for the stars to align. But I've also seen impulsive decisions go south quickly. Maybe the real skill is knowing how to balance calculated risk with intuition...how do you figure out when caution turns into missed opportunity?
"Maybe the real skill is knowing how to balance calculated risk with intuition..."
Yeah, you've nailed it right there. Honestly, I've found that if you're waiting for everything to line up perfectly, you'll probably never pull the trigger. For me, it's about doing enough homework to feel confident but also trusting my gut when something feels right. Usually, if I've analyzed the downside and can live with it, that's my green light. Sure, I've missed a few good ones being overly cautious...but I've avoided some disasters too. It's all about finding your comfort zone between analysis and instinct.
"Usually, if I've analyzed the downside and can live with it, that's my green light."
That's pretty much how I approach it too. When I left my stable office job years ago to dive into real estate, I had a mortgage and two kids... talk about pressure. But I'd crunched the numbers, knew I had enough savings to weather a slow start, and my gut kept telling me it was now or never. Yeah, it was stressful at first, but looking back, I'm glad I trusted that balance of calculation and intuition.
That's a solid way to look at it. When we bought our first home, I remember feeling that same mix of nerves and excitement. We knew the risks—older house, potential repairs—but we'd done our homework and had a cushion set aside. Sure enough, the furnace went out that first winter (typical luck), but because we'd planned ahead, it wasn't a disaster. Trusting your gut after you've run the numbers usually pays off in my experience... sounds like you made the right call too.
