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Updated 7 months ago on . Most recent reply

User Stats

102
Posts
27
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Brandon Becsi
  • Rental Property Investor
  • Richmond, VA
27
Votes |
102
Posts

What if I have too many deals?

Brandon Becsi
  • Rental Property Investor
  • Richmond, VA
Posted

I mostly operate in VA and NC holding long term rentals. The issue I have is that there are too many deals, these are mostly off market deals 50K-90K. I use private lenders to fund these deals and always looking for more lenders but what would you recommend I do with these deals that I cant do myself? or my existing lenders are tapped out?

Most Popular Reply

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31
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28
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Nick Harrington
  • Real Estate Agent
  • Milwaukee, WI
28
Votes |
31
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Nick Harrington
  • Real Estate Agent
  • Milwaukee, WI
Replied

Hey Brandon - 

First off, that's a great problem to have of "too many deals". 

I would have you consider these two questions: 
1.) What are your goals
2.) Is what you are doing enough or not enough to reach those goals? 

I also don't know how day-to-day you are involved with your deals, but it sounds like what you are running into is a scaling problem (private lenders aside) - you can't do more deals because you don't have the bandwidth to do more. 

This is when hiring or partnering comes into play. Are there little tasks you can outsource to someone else? Does it make sense to have someone come in full time on salary to take off a lot from your plate for you to do more deals? Does it make sense to start a seperate LLC and partner on some deals with other investors?

Just my food for thought here

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Nick Harrington | Compass

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