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Updated over 4 years ago,

User Stats

38
Posts
7
Votes
Antonio Figueroa
  • New Jersey
7
Votes |
38
Posts

2 deals at the same time...good problem to have?

Antonio Figueroa
  • New Jersey
Posted

I have been drinking the Brandon cool-aid and somehow followed the model of jump and then put my parachute on. In my quest to obtain 3 multi-families this year (1 down 2 to go) and my daily stares at my vision board I now find myself under contract for 2 deals. 1 is a buy and hold multi-family with great COC and cash flow and the other is a flip that I am getting at a good discount. The buy and hold needs cosmetic work while the flip is a little more extensive as there will be a new bedroom created with an attached bathroom.

I have hard money lined up for one and a traditional loan for the other - my question is do I cut one loose so I can focus my time and money to knock it out or do I partner up with someone who can bring money and time to help with the other?  I have several private lenders lined up which are looking to get in (so that helps with the money, more would be better). So is this a good problem to have and how would you proceed? 

T - 27 days to closing.....

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