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Updated about 8 years ago on . Most recent reply
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Just bought a house how; quickly should I look at buying another?
My client has a very large retirement fund and just closed her first investment home. Today she asked me to sell her another property just 5 days after her first closing. She is a new investor and I advised her to complete this job before looking at buying another. My more experienced investors I trust to take on multiple projects at a time so I do not worry about selling them more but since she is new I feel like it would be better for her to go through at least one before looking at another. Would you all agree or should I just keep selling her properties?
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Anton Watt I think you should be commended for thinking of your client and not just your commissions! That seems to be rare in the business world. I would suggest that you sit down with the investor and tell her you are trying to look out for her best interest. Let's get the first one rehabbed / rented and THEN consider the next investment. You want her to grow her business profitably with as few hassles as possible. Problems are going to occur so let's not compound them with multiple properties until you have the processes in place. Then tell her it is ultimately her decision and you will find her additional properties if that is what she decides.