Getting Started and having every deal fall through

[Tom Vanderlinden]

I just had my duplex fall through, before we got to closing, because it appraised 45k short of purchase price. This was my 5th in 6 months that fell through. I've been working hard to read and do research after work and I really had my Hope's up about getting this duplex and house hacking. I feel like I'm hitting a road block at every turn and I really don't see how I can ever get to 50 or 100 doors like all these podcast guests. Any encouragement for someone getting started? I'm not sure what else to do other keep making offer on multi family and try to house hack whenever something comes up?

[Joe Villeneuve]

So let me get this straight. You're complaining about a deal, where you would have paid 45k more than it was worth, fell through? Did you actually read what you wrote? You also said that if it keeps up, you wouldn't get to 50-100 doors...like many other REI?

Here's your problem.  Not that these deals fell through (thank God), ot's that you're so focused on getting properties that you're making bad offers.  Stop focusing on how many properties you have, or want.  Start focusing on how many positive dollars you will make...and make offers ONLY on properties that will generate those dollars....and always remember this.

                                        Sometimes, the best deals you make, are the ones you don't.