The First REI Property Purchase

[Chris J.]

I thought I might share my experience surrounding my first deal.  I've just recently signed the contract for my first rental property.  There was a lot of learning that happened along the way.  I've read Rich Dad Poor Dad, I'm reading the Cashflow Quadrants, and I listen to the BP podcast.  I must say that the ideas and approaches shared in these resources are great primers for approaching and completing your first deal, but there is no substitute for personal experience.  Fear of loss was and is a big hurdle for me to overcome but, I committed myself to making a deal and now that hurdle is a little shorter and a little easier to clear.  I have much to organize and accomplish before this first deal is generating a new income stream, and I have much to learn along the way.  However, my experience thus far has certainly made me more confident and better prepared for deals to come.  I encourage you to do your research and then take action.  Go find your first deal and be better educated as a reward.