First big deal is done...now what?

[Norm Parker]

Ok, so I secured my first big purchase, a little nice flowing 7 unit. I went in educated. The place was run down but still pulling good rents. The numbers worked, so I jumped in the deep end. I almost had a nervous breakdown the first month, but we're coming around now :) So while I am in the process of recovering my downpayment and rehab costs (at least 3 years), how else could I continue with this journey with practically no more money to work with right now? My wife is getting her real estate license, I may get mine too. I have considered managing other properties. I don't know squat about wholesaling. No money down doesn't mean no money to rehab...Do I just hang out and fix up my property for the next few years and then refi? It just seems like a long time to do nothing (I mean, no shortage of pia tentants)!  

[Greg Scott]

OPM

If you can prove success with this property, go find another.  The hardest part of today's market is not raising money but finding deals.   Start networking with people that have money.   Take down the deal using Other People's Money.