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Updated almost 8 years ago on . Most recent reply

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Jonathan Klemm
  • Contractor
  • Chicago, IL
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Closed on my second deal! Now everyone wants to know about the $

Jonathan Klemm
  • Contractor
  • Chicago, IL
ModeratorPosted

My first deal was a long 3 year house hack flip in Louisville, KY, which was quite successful.  I profited close to $80k!!  I doubled down and closed on a 2 flat in Chicago which was quite expensive ($665k).  Now that I closed all my friends, co-workers, and family are constantly asking about how much the new placed cost, what I am going to put into it, etc.  

As seasoned investors do you disclosure a lot of your financials to co-workers, friends, and family? 

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David Zheng#4 Real Estate Deal Analysis & Advice Contributor
  • Investor
  • Saint Louis, MO
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David Zheng#4 Real Estate Deal Analysis & Advice Contributor
  • Investor
  • Saint Louis, MO
Replied

I only do it to impress girls at a bar.

just kidding. kindof.

if they have money and are potential investors in me, I'll tell them ballpark numbers

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