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Updated almost 12 years ago on . Most recent reply

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Ned Carey
  • Investor
  • Baltimore, MD
12,718
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16,433
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How long did it take to get your first deal?

Ned Carey
  • Investor
  • Baltimore, MD
ModeratorPosted

As I respond to new member posts, I often sense and urgency to get a first deal. I also sense many investor drop out because they don't get a deal aft two or three months.

It's my belief that is is probably 6-8 months on average for the first deal to happen.

My first deal was after about 6 months but I cheated and bought one at auction. It would have taken me longer if I had waited until I found one via creative methods.

So how about you? How long did your first deal take.

  • Ned Carey
  • Most Popular Reply

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    138
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    27
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    Brian Feltz
    • Wholesaler
    • Milwaukee, WI
    27
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    138
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    Brian Feltz
    • Wholesaler
    • Milwaukee, WI
    Replied

    I have been marketing through craigslist only for the past 4-5 months and JUST got my first property under contract this past Friday. Its all about persistency and consistency! I put up 2 ads (1 for buyers and 1 for sellers) 3 times a day, EVERY day. Sometimes more. Once I sell this property I will expand my marketing beyond the free options and continue to market market market. As they say, we are not in the real estate business, we are in the marketing business! It is a numbers game.

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