Updated over 6 years ago on . Most recent reply
Due Diligence on First Deal
Hey all,
I’ve been following BP for over a year now. I analyze at least 2 deals a day, I’ve decided to start out by buying a rental as my first property, and I’m looking in Las Vegas, NV. My question, how much research do I need to actually do before I buy my first deal? I’ve read all the beginner how to’s, and basically say if the numbers work, buy it! So, I’ve found so many deals that the numbers would work. But I keep hearing, “wait till the market dips”, and LV’s market is on an upswing. So is it better to just do your first deal, and maybe it doesn’t go so great... Or just keep looking and looking until you see a deal that can’t go wrong? What are my blind spots?