Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago, 03/01/2017

User Stats

3
Posts
4
Votes
William Muhlstadt
  • Saint Petersburg, FL
4
Votes |
3
Posts

Made First Deal, What to do Next? Suggestions?

William Muhlstadt
  • Saint Petersburg, FL
Posted

My name is William Muhlstadt, I am a 19 year old college student at USF, and I just made my first deal a couple of weeks ago. I got a 3 bed 2 bath in Saint Petersburg Florida under-contract for 60k. Since I do not have a list of investors, I decided to list the property with the firm that was teaching me to wholesale all together. The house was valued at about 130k on the high side, we put it up on MLS for 79k, five minutes later a buyer sent us a contract for 81k. The house fee was about 2,000 along with 7% commission. So I cleared around 13k. It was a HELL of a deal.

My question is what to do next. Should I sit on the money and continue to try to make money without money and further my education in real estate? Or should I use that money to jump into the game. (With some sort of guidance)

I would love to hear all of your opinions!

Loading replies...