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Updated about 6 years ago on . Most recent reply

User Stats

9
Posts
6
Votes
Brian Lipszyc
  • Real Estate Broker
  • Matthews, NC
6
Votes |
9
Posts

How do you move to the next deal?

Brian Lipszyc
  • Real Estate Broker
  • Matthews, NC
Posted

Hi Everyone.  I've been lingering on BP for a while, but haven't really posted anything until now.  For example's sake, let's say I'd like to build a portfolio of rentals that would provide a total of $2.5K/mo.  I find a deal that cash flows at $250/mo for my first deal.  To get to 2.5K/mo, I'd need 9 more similar deals.  This seems like a big challenge that would take decades and would like to know what others have done.  If I use a big chunk of capital for the first deal, it would take some time to build more capital to get my second deal. And again for a third deal, etc.  Is that just how it works?  I'm not expecting overnight success, but am curious how others have gone from 1 to 2 to more in seemingly just a few years.

Thanks in advance.

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