Dear Bigger Pockets,

[Mark Graziano]

Dear BP Mentor,

I feel like I am spinning my wheels.  I was finally able to buy my first rental property this year in May with a conventional loan and after a small rehab had it rented out by mid-June.  Now that I have that under my belt I am ready to take more action.  

With a limited marketing budget, I have started a small direct marketing campaign (about 250 pieces per mailing) as well as actively D4D.  Through D4D I have found, researched and mailed about 8 owners and continue with this practice weekly.

I spoke with one of these D4D leads and walked though one of their properties however the numbers just didn't make since when taking 70% of ARV and then subtracting out rehab cost, closing costs and holding cost. I would rather have no deal then a bad one.

So my question to the community is what are my next steps?  I feel like i am just waiting until I have saved enough money from my J.O.B.  until I can buy another property, however I am far from comfortable with that plan.   I am all about taking action, and would like your input.

Thank You