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Updated almost 5 years ago on . Most recent reply

User Stats

9
Posts
6
Votes
Ryan Veil
  • Minneapolis, MN
6
Votes |
9
Posts

Closing on 1st deal in a month but see other great deals...how?

Ryan Veil
  • Minneapolis, MN
Posted

Closing on my first deal in April. I have a great broker that is still sending me properties and I found 2-3 more great properties that meet my cashflow requirements. My primary residence is paid off so we have lots of flexibility there in terms of getting a HELOC to finance new deals BUT my processor is telling me I can't start that process till after closing on the first unit. I've tried the Brandon method of asking "why" and "how" but I don't feel like I'm getting the answers I need.

How can I best try to go after these additional deals while still waiting to close on my 1st one? We're trying to get 2-3 properties in 2020.

Most Popular Reply

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2,343
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861
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Marlen Weber
  • Specialist
  • Plano, TX
861
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2,343
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Marlen Weber
  • Specialist
  • Plano, TX
Replied

@Ryan Veil Congratulations on closing on your first deal. I hope it's the first of many. 

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