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Updated over 4 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Nicholas J. Cammaroto
  • Investor
  • Savannah, GA
1
Votes |
9
Posts

I Got Lucky on My 1st Deal~ Now What?

Nicholas J. Cammaroto
  • Investor
  • Savannah, GA
Posted

Hi Everyone,

I pulled a the trigger on my first property a little under 2 years ago; a tripled in a college town near my last duty station in the Air Force. It worked out great; I paid nothing out of pocket, got a great PM, awesome tenants with 100% occupancy, and got the REI high.

I got lucky. I fell in love with REI, and now I'm excited to press forward. I've been saving, learning, structuring (legally, financially, management, etc.), but now I'm finding myself unsure of what's next! I'm saying "Okay, I got lucky and dived in. Sweet! Uh...now what?"


Anybody else feel this way? Anybody else struggle to formulate strategy after starting out? Let’s chat about it!

Let me hear from you!

-Nick

Most Popular Reply

User Stats

927
Posts
950
Votes
Jon Kelly
  • Investor
  • Bethlehem, PA
950
Votes |
927
Posts
Jon Kelly
  • Investor
  • Bethlehem, PA
Replied

@Nicholas J. Cammaroto Repeat the process! Leverage your existing contacts from the first deal (agent, property manager, title company, property inspector, contractor(?), etc.). All of the time and energy it took to buy the first deal should make the others easier. 

  • Jon Kelly
  • Loading replies...