A few too many leads
Ok so I bought my first rehab and we are all set to close in early February. Time was on my side so I'm just going with a 5% down regular old bank loan. It's gonna cost me about 16k to close, another 15k to rehab + my holding costs. I'm starting with about 50k so I figured I'd just pay cash out of pocket for all that. No problems there.
But so now after searching seemingly endlessly for one good deal, all of a sudden I have tons of prospects calling me. I'm not really sure what to. I dont have a lot of capital left and don't want to get in over my head until I resell this first house, but at the same time why should I pass on all these other possible deals?
I do have an HML all set also, but they'll still want me to have some cash too as I'm not exactly seasoned. I think I've tapped out my sources for more capital. Maybe wholesaling would be a good idea here, but I have no clue how to go about that. What would you do?