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Updated about 7 years ago on . Most recent reply

Account Closed
  • Investor
  • Colorado Springs, CO
10
Votes |
31
Posts

Stuck after first deal...

Account Closed
  • Investor
  • Colorado Springs, CO
Posted

BP community,

I hope everyone had a happy new year and a merry christmas! 

Moving into my question: I closed on my first property (a duplex in W. Co Springs) on 30 November 2017, but since have made little progress on locating a new deal. I am entertaining the idea of flipping a home or doing another buy/hold, but because it is such an expensive market, I am struggling to figure out how to best use the remaining ~25k left over from my first project's fundraising efforts.

If anyone has any ideas for me to research or can help stir the pot for me, I'd really appreciate it. Also, to any local investors, if you'd like to go out for a coffee or beer, let me know!

Thanks in advance.

Most Popular Reply

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477
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476
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Brian Schmelzlen
  • Accountant
  • La Mesa, CA
476
Votes |
477
Posts
Brian Schmelzlen
  • Accountant
  • La Mesa, CA
Replied

It might be good that it’s taking you a little time to find your second deal. It will give you time to focus on your first and make sure that it is running smoothly. Take the time to learn everything you can from your first deal before getting too caught up in finding the second.

In terms of finding the second, I would start focusing on networking more. Talk to property managers and realtors.

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