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Updated almost 7 years ago on . Most recent reply
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POLL: What's holding you back from doing your first deal?
Hey all you new (and perhaps not so new) investors!!
How's 2018 going? For me, it's been pretty darn busy. Just closed our 3rd deal of the year, (got two more in the pipeline) started a commercial project, launching more multifamily stuff, and done some very important restructuring of internal roles.
Get pumped! It's going to be an amazing 2018. However, I have a question for you! We all want to be successful real estate investors right? But what do YOU need to get started? What's holding you back from deal numero uno?
1. How to find money for your first flip?
2. How to manage a rehab?
3. How to analyze a deal?
4. How to Bring on Partners?
5. Education About Finding Deals?
I'm sure the list could go on and on...
What's holding you back right now from doing your first deal, why haven't you done it yet?
(no judgement, I'm honestly curious). Because the sooner you do deal one, the sooner you become an actual "real estate investor", and the sooner you can do deal 2 - 1000 and make all the money you've ever wanted.
Sound off in the comments below!
Best,
CG
Most Popular Reply
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Originally posted by @Christopher Gill:
That's a very real concern (definitely one I had when I was starting out). What part of analyzing a deal is making you concerned you'll make a bad financial decision?
I just get concerned about my inexperience making me miss something that will make my first purchase a bad deal. But I'm asking a lot of questions, listening and reading a lot and getting comfortable that I'm going to take my knocks, but as long as I do my due diligence, buy smart and listen to the smarter people around me, it will be a good learning experience.