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Updated over 9 years ago,
Am I going too fast?
I spent the weekend going through listings in what I call "practice" to see if I can find deals. I believe I have found 3-4 great deals, some rentals and some for a quick flip.
I am eyeballing one property in particular, a tiny TINY house that needs major repair but will only cost me $5k-$10k to buy and probably another $5k to rehab. I expect a $5k-$10k profit.
Am I going too fast? I have no attorney, accountant, or "team" setup yet. I have a few local investor contacts giving me positive feedback, and I'm working with a realtor that someone referred me to. I am incredibly green but maybe that's normal? Should I take my foot off the accelerator?