2nd contract with 1st deal
It’s harder than I thought to find a rental property!
On top of hours combing through listing and analyzing deals and visiting potential properties, I have struggled with getting a house under contract and securing a deal.
I have been searching for my first rental property since the beginning of February. I’ve had one offer rejected due to competition from other bidders. Then went under contract for another property but found too much hidden damage in the inspection that I had to back out. Now I’m under contract again for a property in Dundalk. I’m hoping the inspection goes well on Wednesday!
Most Popular Reply
You’re in the thick of it now, and this is exactly where most first-time investors hit that wall of frustration. But the fact that you’re making offers, going under contract, and walking away when the numbers don’t make sense means you’re doing it right. The competition is tough, but persistence is key. Every deal you analyze sharpens your skills, and every contract—whether it closes or not—teaches you something valuable.