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Updated about 4 years ago,
Our First Possible Bulk Purchase
My fiance and I purchased and flipped our first property last year. We doubled our investment at closing (75k invested 150k sold) and realized this is something we really enjoyed doing.
Another property came to us by word of mouth and we picked it up and decided to rent it when we are finished with the rehab. The gentleman, who sold us the property, is getting up there in years and told us he may be looking to sell off the rest of his rental properties. (15 in total, 13 SFH, 2 Triplex)
Few questions:
First: Being newer to this industry, are we potentially biting off more than we can chew?
Second: Where are some resources on BP we can use to gain some knowledge on how to analyze and put this deal together?
Thanks for any input in advance