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Updated over 8 years ago on . Most recent reply
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Buy & hold - 2 quick wins this year & now I've got the bug!
Hi everyone,
Thanks to a lot of the great guidance from BP and the members I've met so far, I'm happy to say that I'm making big progress on my goals for this year. I closed on my first SFR rental in NY in late April. It was a 5 month process from offer to tenant placement, but my tenant signed and moved in last week. I'm also already in contract on a property in DFW (Garland) and should close before the end of this month. My goal is to go live with a tenant by August 1. After doing these two deals I've realized I want to shift gears a bit to find more equity in my future properties through rehab/forced appreciation so that will be an interesting shift, looking into REOs and working with wholesalers. I'm already looking for my next deals with a goal of doing (at least) two more deals this year. I'm also on the hunt for private money and potential partnership opportunities.
I've totally got "the bug" and am loving everything I do daily - reviewing deals, looking into properties/lenders/neighborhoods, and realizing that the better I do at my 9-5 the faster I can buy more properties.
Thank you BP!!
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Hello @Miles Stanley. Our group has been able to provide investors great turnkey properties at an amazing cap rate. Let's talk and see what your goals are and how we might be able to assist.