Buy as many as I can or slow down?

[Christina Brooks]

Hi All,

Over the last couple of days 4 or 5 deals have come my way that seem pretty good (this is preliminary observance... no extensive research done yet). If they all check out they would be great buys for me.

I have the ability to purchase all of them (some with cash and some with some creative financing (i.e. family, seller financing, etc) but if I do I will have VERY little money to complete the rehabs on them at this time.

My question is is it ok to acquire as many properties as you can now and work on the rehabs for them as you get the money or is it better to purchase a few and finish the rehabs completely before moving on the the next?

I am following a buy and hold strategy and I realize that I am not making money until the properties are rehabbed and tenants move in, but as a newbie I just wonder if it is better to build my portfolio (or is it true that there is always a deal to be had out there?).

Thanks for any responses.