AM I MOVING TOO FAST?

[Patrick Roob]

Hey there everyone!

How are you? I would first off like to thank you for reading and chiming in to my "generic" question!

My multi-faceted "personal" question for you is; "am I moving too fast, and at what pace had you grown at?" Additionally, do you have any suggestions for me in growing at the right pace to avoid biting off more than I can chew?

I have come to a point where I cannot stop thinking about real estate, and am officially 10X more interested in this career path than my corporate job (big shocker there)! That being said, here's a bit of history into my story, and I'm interested to hear about your progress, the pace you had grown at, and any suggestions or advice from fellow investors.

Ever since I was born, I had been surrounded by real estate. Not only was the first home I lived in as a child a house hack duplex my parents had purchased, but my grandfather had owned millions in rentals, including strip malls, mixed-use, apartment complexes, small multi and land. That being said, I have recognized from a young age the benefit of real estate investing....... When done right.

This past March (2016) I had purchased my first home, which happened to be a house-hack four unit row home. Now, 8 months later, I am currently under contract to purchase another primary residence property being a single family home. Although I have not yet closed on this SFH, however there's an agreed upon contract on both ends, I am already finding myself in "search mode" for a 12+ unit multifamily commercial property. Of course at this point I would be looking for an equity partner (most likely family) as I do not have 300k + to exhaust, but I am just looking for your thoughts on my circumstance. I have closed on 4 units, and put a 5th unit under contract in 8 months, and am immediately turning around to look for another 12+ units to close on within the next 10-12 months.Should I slow down?

Thank you BP!
Patrick