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Updated almost 8 years ago on . Most recent reply

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8
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1
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Amanda Rose
  • Janesville, WI
1
Votes |
8
Posts

Working on first closing. Now what....

Amanda Rose
  • Janesville, WI
Posted

We gound our first property that has a good chance of closing. It was a bit high in what we could leverage funds for and after we close, our options will be limited. Can the bigger pockets folks please give us some idea and tips to keep the ball rolling? I feel like we might stall out after this deal is finalized.

Most Popular Reply

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6,203
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5,170
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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
5,170
Votes |
6,203
Posts
Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied

@Amanda Rose - I bought 18 properties in 1 year.  As a financially educated investor my suggestion is to save money.

You have never owned property before, you need to scale up on your own and get a strong foundation of experience before raising funds.  I owned 21 properties on my own before I started considering partnering with others.  It would have been irresponsible for me to have done so any earlier, as I had not proven my worth or that I could run a business.   

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Second City Real Estate
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14 Reviews

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