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Updated about 6 years ago on . Most recent reply

User Stats

31
Posts
9
Votes
Eric van Dalen
  • Dillon, MT
9
Votes |
31
Posts

Tip Toe or Full Speed Ahead?

Eric van Dalen
  • Dillon, MT
Posted

Hello, I'm just getting started. I'm listening to BP podcasts and webinars, reading books, taking notes so I'm learning all I can to start investing at the turn of the year.

I want to get one property under contract, start the rehab and then repeat the process depending on how much of my time it's taking.

I have my days free though for the most part and I'm pretty confident I can handle more than 1 project at a time. So what should I be cautious about with doing more than 1 project at a time?

I'm 48yrs old so I'm putting pressure on myself to be productive for my future. But I want to do it with wisdom.

My thought is that if I did just 1 deal from start to finish and it didn't go as planned it would be discouraging but if I had another in the pipeline I would have momentum.

Most Popular Reply

User Stats

230
Posts
69
Votes
Dennis Pressey Jr
  • Specialist
  • Philadelphia, PA
69
Votes |
230
Posts
Dennis Pressey Jr
  • Specialist
  • Philadelphia, PA
Replied
@Eric van Dalen Great News. *note I did not read every comment I believe it really comes down to financials and the threshold of risk you can withstand. If you can confidently and comfortably carry 2 projects at once, go for it.

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