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Updated over 9 years ago on . Most recent reply
What motivated you to take your leap toward your first deal? Please share!
I am always motivated by reading stories or hearing podcasts interviews of how people were motivated to "just do it" and take that leap towards their first deal. I am continuing to educate myself and soak as much info into wholesaling as I possibly can. BP has been an excellent source of knowledge for me and I am so appreciative of the advice and tips everyone pours into the forums, blogs and podcasts.
Hopefully your stories in this post can push me to take that leap as well as others just starting out.
Please and Thanks everyone!
Most Popular Reply
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I quit my office job in DC and couldn't afford to pay the insane rent rates. So I took my 20K in savings and found a vacant house in West Baltimore that I bought with owner financing through a wholesaler....I even got the wholesaler to finance her finders fee. I lived there in borderline squatter conditions while I gutted the house room by room, moving my inflatable mattress around. In order to fund the rehab, I worked during the day for a house flipper and did my house at night. Now that monster cashflows $400 a month and I'm starting my third rental rehab project.
Just do it! I haven't had to wear a tie since!