What holds you back from doing more deals?

Question

Just curious… What is holding you back from doing more deals?

Knowledge
Fear of failure
Cash to do the deal 
Credit for financing 
Finding the deals
Other???

Eric Foster · Answer

Time and Money seem to be in the lead…

Thanks to everyone for all of your comments and your votes… It is nice to see (in a weird kind of way) that I am not the only one struggling with these things…

The “cash” that is tied up for extended periods and “time” are the two largest things that I constantly struggle with… Glad to see it is not just me…  :lol:

Now for a solution? Hummm…

Account Closed · Answer

I have found that if it is truly a deal, I can find someone to fund it for me, partner with me, etc.

I don't have to keep all the deals and profit for myself. After all, 100% of NOTHING is still nothing!

What I will say is that the number 1 thing that stops me from doing more deals is TIME. If only I could make more of it!

Charles Whitaker · Answer

I would have to say time and cash. Not enough cash to make up for lost time and not enough time to make up for lost cash.

Michael Shadow · Answer

For me it's time and finding the deals.

Fred Shandler · Answer

Newbie question coming:

I always thought that once you acquire your first property, it becomes significantly easier to obtain subsequent properties.  Meaning, you have options such as LOC's, etc. to make further purchases, followed by a conventional refi?

Thoughts?

Thanks,
Fred

Eric Foster · Answer

Maybe… Maybe not…

That may be true if they are at a real low loan to value… In today’s mortgage market, the non-owner occupied rental property type loans have really changed. It is much more difficult to get cash-out and if you can they are at much lower loan amounts compared to the value of the property.

Jason Cummins · Answer

Right now for me it's finding the deals.  Luckily cash is not the issue for me SO FAR, not that it wont be!

Fred Ramos · Answer

Cash......purchased 5 units in 2 years....I'm tapped out!!!

Eric Foster · Answer

Another Vote for CASH!

Ouch... Know the feeling! 
Hard to pay the "bills" with equity!