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Updated about 6 years ago on . Most recent reply

User Stats

54
Posts
6
Votes
Obed H. Bey
  • Philadelphia, PA
6
Votes |
54
Posts

Newbie seeking 1st deal (w/ 100k). What should i do?

Obed H. Bey
  • Philadelphia, PA
Posted

I've never done a deal. Been educating myself through BP forums, YouTube, books, meetups, talking to friends with property, etc. Over the past 3 weeks.

I have someone willing to finance my 1st deal with 100k but I haven't secured the funds. I need a solid plan to present first.

I'm interested in building wealth through small multi-family homes, starting with a house hack in Philadelphia. Just moved to Philly and don't have an income.

I have a friend who is a part time agent feeding me leads.

Not sure how to approach this. What would you do?

Most Popular Reply

User Stats

758
Posts
934
Votes
Syed H.
  • Developer
  • NY/NJ/PA
934
Votes |
758
Posts
Syed H.
  • Developer
  • NY/NJ/PA
Replied

don't do your first deal with other people's money. 

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