First big deal is done...now what?
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)!