Abundance of deals phenomenon

[Account Closed]

When do you feel that you have an abundance of deals? Is it when you are too busy to take on a new project? When the bank account is looking pretty good? I honestly don't know if I have ever felt like I had an abundance of deals. I certainly have had periods when I am too busy to handle everything but that is mostly due to my lack of systems or proper time management. I have been there when I am feeling flushed and the bank account is healthy but I am always thinking about future expenses. I wonder what people feel is an abundance of deals. Not a number but a feeling that you have more than you need. Whatthat triggers that feeling?

[Charles M.]

I don't think we'll ever see an abundance of deals in RVA!

No but really - For me, right now, I probably have an abundance of deals. I have only ever worked on 6 projects with 3 current BRRRs. I'm looking for 4 and 5 over the next month, so I am definitely looking however, when I only had 1 property, I felt like I had to go with whatever came first. Perhaps that is a common thing, or that's just me, but after locking down 2 homerun deals I'm now looking at 4 and 5 extremely selectively. I am having to pass on quite a few things, but this is because now I'm looking at more options also. My properties previously were from MLS and auctions, but now I've added the off-market component and have established relationships with wholesalers so my property selection is stronger. At this point, I have a completed property, property with a tenant waiting for the refi and one that just started its rehab today. I'd like to have one property in each stage of the cycle that way I don't burn out or make colossal errors. I'm the same way with time management, but my major fix was to not worry about doing sweat equity rehabs, or do my own lead gen and simply manage the projects coming through the pipeline and find new deals. Have you ever tried a virtual assistant? What was your experience like?