Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 12 years ago on . Most recent reply

User Stats

16,434
Posts
12,725
Votes
Ned Carey
  • Investor
  • Baltimore, MD
12,725
Votes |
16,434
Posts

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

    User Stats

    138
    Posts
    27
    Votes
    Brian Feltz
    • Wholesaler
    • Milwaukee, WI
    27
    Votes |
    138
    Posts
    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.

    Loading replies...