Made First Deal, What to do Next? Suggestions?
My name is William Muhlstadt, I am a 19 year old college student at USF, and I just made my first deal a couple of weeks ago. I got a 3 bed 2 bath in Saint Petersburg Florida under-contract for 60k. Since I do not have a list of investors, I decided to list the property with the firm that was teaching me to wholesale all together. The house was valued at about 130k on the high side, we put it up on MLS for 79k, five minutes later a buyer sent us a contract for 81k. The house fee was about 2,000 along with 7% commission. So I cleared around 13k. It was a HELL of a deal.
My question is what to do next. Should I sit on the money and continue to try to make money without money and further my education in real estate? Or should I use that money to jump into the game. (With some sort of guidance)
I would love to hear all of your opinions!