How long did it take you to find your first deal? and second?

[Danny Johnson]

So how long did it take to find that first great deal that you were willing to risk your time, effort and money working on?

It took me around 4 months to find my first deal. It was hard to keep the doubt out of my mind. But when that first deal made its presence known, everything changed. All of a sudden I had full confidence that this stuff works (even though I already knew investors that were doing deals, I wondered if I could ever really find the deals myself). Once the marketing efforts start building and compounding over time, the deals start coming a lot more frequently (as long as you keep your marketing going). Sort of a snowball effect.

If people just stick with it and get that first deal under their belt, they set themselves up to really make a go of investing.

So how long did it take you to find your first deal? It would also be interesting to see how long it took to find the second. I would bet that 95% of the time it was shorter.

My second took about another month and the third was the same week as the second.

[Mark Anderson]

Once I stopped trying to get book knowledge and I actually started looking, it didn't take me long to find my first property. It was a monster rehab in which I got a real, hands on education. It actually went very smoothly, other than breaking even at then end of it.

2nd and 3rd came together immediately after selling the first one.