First real deal as an investor.

[Marc Oister]

  I purchased my first duplex rental with my partner a few months ago.  This was before i really did any studying of real estate investing or had any real knowledge of formulas or examining a market.  

  We purchased the first property totally under his name due to some problems with getting myself on the mortgage also.  Anyway, the numbers work and although after going in blindly we did get a good buy and hold deal. Could've gotten a better price (4k less)  for the property but the condition was a true turn key and very well kept. 

  So now i after studying i am looking to get into wholesaling but also would like to continue getting buy and holds and maybe get into rehabbing in the future.  I have the itch to jump on the first deal that comes by but am undecided because i have let a few pass me in the past few weeks.

  I have a nice bit saved to pay for the majority of a decent property in my target area, the suburbs of philadelphia, montgomery county.  I have been looking into boyertown or phoenixville. 

  Ive sent my first run of mailers out last night but was looning for advice.  Should i wait for calls and go from there to try and find a deal while trying to get my wholesaling career started or jump on the next deal i find, then take out an equity loan and use that for the next one.