What holds you back from doing more deals?

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

Edited: 06/26/2010 at 04:41AM

Jared Christiansen

Real Estate Investor · Fort Wayne, IN

425 posts
1 award
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Feb 09 '08, 07:26 PM

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

Edited: 06/26/2010 at 04:41AM

Eric Foster

Real Estate Investor · Portland, Oregon

1,128 posts
3 awards
50 influence

Feb 10 '08, 01:53 AM

Mike... I am working on it! Some day!

Jared... Been there! Am there!

Great Comments!

Edited: 06/26/2010 at 04:41AM

David Sanders

Real Estate Investor · Verne, Indiana

107 posts
50 influence

Feb 10 '08, 05:58 AM

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!!!!! :lol:

Edited: 06/26/2010 at 04:41AM

Eric Foster

Real Estate Investor · Portland, Oregon

1,128 posts
3 awards
50 influence

Feb 10 '08, 07:36 AM

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!

Edited: 06/26/2010 at 04:41AM

Mikey Kay

Real Estate Investor · East Brunswick, , New Jersey

58 posts
1 award
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Feb 10 '08, 08:44 AM

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

Edited: 06/26/2010 at 04:41AM

Alexis Dedrickson

Real Estate Investor · Issaquah, Washington

34 posts
1 award
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Feb 10 '08, 03:12 PM

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

Edited: 06/26/2010 at 04:41AM

Fred Ramos

Homeowner · Corinth, Alabama

32 posts
1 award
50 influence

Feb 11 '08, 02:13 AM

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

Edited: 06/26/2010 at 04:41AM

Eric Foster

Real Estate Investor · Portland, Oregon

1,128 posts
3 awards
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Feb 11 '08, 03:11 AM

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!

Edited: 06/26/2010 at 04:41AM

Jason Cummins

Real Estate Investor · Katy, Texas

430 posts
2 awards
50 influence

Feb 13 '08, 09:56 AM

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

Edited: 06/26/2010 at 04:42AM

Fred S

Contractor · New Jersey

Donor

203 posts
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Feb 13 '08, 06:58 PM

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

Edited: 06/26/2010 at 04:42AM

Eric Foster

Real Estate Investor · Portland, Oregon

1,128 posts
3 awards
50 influence

Feb 13 '08, 08:50 PM

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.

Edited: 06/26/2010 at 04:42AM

Michael Shadow

Multi-family Investor · Bellefonte, Pennsylvania

1,042 posts
9 awards
49 influence

Feb 13 '08, 09:01 PM

For me it's time and finding the deals.

Edited: 06/26/2010 at 04:42AM

Charles Whitaker

Real Estate Investor · Amarillo, Texas

154 posts
50 influence

Feb 15 '08, 10:09 AM

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.

Edited: 06/26/2010 at 04:43AM

Ryan Steele

Real Estate Investor · Chicago, Illinois

957 posts
3 awards
50 influence

Feb 15 '08, 10:15 PM

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!

Edited: 06/26/2010 at 04:43AM

Eric Foster

Real Estate Investor · Portland, Oregon

1,128 posts
3 awards
50 influence

Feb 16 '08, 04:02 AM

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... :lol:

Now for a solution? Hummm...

Edited: 06/26/2010 at 04:43AM

Daniel Lucas

Real Estate Investor · Baltimore, MD

9 posts
50 influence

Feb 18 '08, 05:52 PM

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.

Edited: 06/26/2010 at 04:43AM