Forums » General Real Estate Investing » What holds you back from doing more deals?

What holds you back from doing more deals? 19 posts by 13 users

Eric F.

Real Estate Investor
Portland, OR

BP Donor

1112 posts

Posted: 02/09/2008 at 10:17PM

Just curious… What is holding you back from doing more deals?

Knowledge
Fear of failure
Cash to do the deal
Credit for financing
Finding the deals
Other???

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Eric F.

Real Estate Investor
Portland, OR

BP Donor

1112 posts

Posted: 02/09/2008 at 10:18PM

I will start...

Cash!

MikeOH

Real Estate Investor
Ohio, Ohio

2663 posts

Posted: 02/10/2008 at 05:13AM

I don't do more deals because it is not necessary in the rental business to always be doing deals. In fact, once you have enough rentals to generate the cash flow you want, you may never need to do another deal.

Mike

Jared C.

Real Estate Investor
Fort Wayne, IN

426 posts

Posted: 02/10/2008 at 07:26AM

My debt to income ratio right now! 2 houses on the market, and I just bought another one... starting a business is fun...

Eric F.

Real Estate Investor
Portland, OR

BP Donor

1112 posts

Posted: 02/10/2008 at 01:53PM

Mike… I am working on it! Some day!

Jared… Been there! Am there!

Great Comments!

David S.

Real Estate Investor
Verne, IN

104 posts

Posted: 02/10/2008 at 05:58PM

TIME, still working a full time job and so is the wife. Looking for and doing deals, rehabbing, landlording.... all in the evenings and weekends. Thank God I have six week vacation and every other Monday off.

Build now so I can live like you guys soon!!!!!

Eric F.

Real Estate Investor
Portland, OR

BP Donor

1112 posts

Posted: 02/10/2008 at 07:36PM

Time... Yes time... That is another good one that I forgot on my list.

Another one that was also brought to my attention today was " the uncertainty of the market" ...

So the other two that fall into the " Other" category are...
1) The uncertain Real Estate Market
2) Time

Both also very good!

Thanks for the input!

Mikey K.

Real Estate Investor

49 posts

Posted: 02/10/2008 at 08:44PM

Time is huge... I would do more deals but I also take care of my current properties. So it is hard to do both...

Alexis D.

Real Estate Investor
Issaquah, Washington

35 posts

Posted: 02/11/2008 at 03:12AM

Mostly just cash...although if I would just go to hard money.... lol...that and worrying about being able to cash-out refi afterwards.

Mr_Fred

Homeowner
Corinth, Alabama

32 posts

Posted: 02/11/2008 at 02:13PM

Cash......purchased 5 units in 2 years....I'm tapped out!!!

Eric F.

Real Estate Investor
Portland, OR

BP Donor

1112 posts

Posted: 02/11/2008 at 03:11PM

Originally posted by "Mr_Fred"

Cash......purchased 5 units in 2 years....I'm tapped out!!!

Another Vote for CASH!

Ouch... Know the feeling!
Hard to pay the " bills" with equity!

Jason C.

Real Estate Investor
Katy, Texas

501 posts

Posted: 02/13/2008 at 09:56PM

Right now for me it's finding the deals. Luckily cash is not the issue for me SO FAR, not that it wont be!

Fred S.

Contractor
Alabama

195 posts

Posted: 02/14/2008 at 06:58AM

Newbie question coming:

I always thought that once you acquire your first property, it becomes significantly easier to obtain subsequent properties. Meaning, you have options such as LOC's, etc. to make further purchases, followed by a conventional refi?

Thoughts?

Thanks,
Fred

Eric F.

Real Estate Investor
Portland, OR

BP Donor

1112 posts

Posted: 02/14/2008 at 08:50AM

Originally posted by "FSJR9"

… I always thought that once you acquire your first property, it becomes significantly easier to obtain subsequent properties….

Maybe… Maybe not…

That may be true if they are at a real low loan to value… In today’s mortgage market, the non-owner occupied rental property type loans have really changed. It is much more difficult to get cash-out and if you can they are at much lower loan amounts compared to the value of the property.

Michael S.

Real Estate Investor
Bellefonte, Pennsylvania

Moderator

Author

1111 posts

Posted: 02/14/2008 at 09:01AM

For me it's time and finding the deals.

Charles W.

Real Estate Investor
Amarillo, Texas

93 posts

Posted: 02/15/2008 at 10:09PM

I would have to say time and cash. Not enough cash to make up for lost time and not enough time to make up for lost cash.

Ryan S.

Real Estate Investor
Chicago, Illinois

1057 posts

Posted: 02/16/2008 at 10:15AM

I have found that if it is truly a deal, I can find someone to fund it for me, partner with me, etc.

I don't have to keep all the deals and profit for myself. After all, 100% of NOTHING is still nothing!

What I will say is that the number 1 thing that stops me from doing more deals is TIME. If only I could make more of it!

Eric F.

Real Estate Investor
Portland, OR

BP Donor

1112 posts

Posted: 02/16/2008 at 04:02PM

Time and Money seem to be in the lead…

Thanks to everyone for all of your comments and your votes… It is nice to see (in a weird kind of way) that I am not the only one struggling with these things…

The “cash” that is tied up for extended periods and “time” are the two largest things that I constantly struggle with… Glad to see it is not just me…

Now for a solution? Hummm…

Daniel L.

Real Estate Investor
Baltimore, MD

9 posts

Posted: 02/19/2008 at 05:52AM

Originally posted by "FSJR9"

Newbie question coming:

I always thought that once you acquire your first property, it becomes significantly easier to obtain subsequent properties. Meaning, you have options such as LOC's, etc. to make further purchases, followed by a conventional refi?

Thoughts?

Thanks,
Fred

I'm just learning, but from what I've gathered, it only becomes significantly easier to obtain subsequent properties if you have a well thought-out plan. Jumping in without a plan would very likely be a huge mistake. If you have a plan, then you will know what to do to obtain subsequent properties.