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Updated about 6 years ago on . Most recent reply

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171
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Melba Chambers
  • Rental Property Investor
  • Norwalk, CT
138
Votes |
171
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How long before your next deal....

Melba Chambers
  • Rental Property Investor
  • Norwalk, CT
Posted

After becoming a member of BP over 2 I am finally under contract on my 1st buy and hold, and should be closing in two weeks. How long did you wait before putting an offer in on your next property?

Most Popular Reply

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Mitch Messer
  • Lender
  • San Miguel de Allende, México
1,823
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2,293
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Mitch Messer
  • Lender
  • San Miguel de Allende, México
Replied

@Melba Chambers OK, I understand!

I can only speak for myself and the other professional investors I know. In any given week, I'm looking at 10 - 15 possible deals. I'm always looking for deals: It's what we investors do. I try to close as many as I can of the ones that meet my needs.

Assuming you want another deal, there's no reason I can think of to wait.

It's like asking a fisherman how much time they wait before going after the next fish...

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