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Updated over 5 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Florida
29
Votes |
54
Posts

Moving past your first deal

Account Closed
  • Rental Property Investor
  • Florida
Posted

At the end of May I closed on my first deal, a STR in Fort Walton Beach. The place has been cash flowing but it has taken some of my time over the past few months to manage. With the first deal going well, i am really looking towards jumping on a deal and have been super attracted to finding a house to BRRRR or flip. What advice do you all have on making your second deal? I know it can be easy to rush into it, but what are some things that people over look when it comes to their 2nd, 3rd, 4th deals and so on? Thank you for any help!

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464
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Matt "Roar" Gardner
  • Real Estate Agent
  • Tampa, FL
452
Votes |
464
Posts
Matt "Roar" Gardner
  • Real Estate Agent
  • Tampa, FL
Replied

@Account Closed - Congrats on knocking out your first deal! It's nice to hear that you started off on the right foot.  You must have had an amazing realty to back you up.  ;) 

I think a lot of people get really anxious to do their second deal once they taste that sweet nectar of cash flow from their first success.  I would just say to be aware of that tendency to rush into something that seems lucrative without performing your proper due diligence.  

I'm always here if you need me.  Keep crushing it!

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