What Happens After You Buy Your First Property?

Question

Most people focus so much on getting the first deal…

They don’t think about what comes next.

What I see:

• No plan for scaling
• Capital gets tied up
• Hard to move to deal #2

The first deal is important but what you do after matters more.

Are you thinking beyond your first property yet?

Minho Lee · Answer

Even just thinking through things like how long you plan to hold, whether you can refinance and pull capital back out, and if the deal helps or hurts your ability to get the next one can make a huge difference.

The first deal should set you up for deal #2, not delay it. Out of curiosity, how did you go about buying the 2nd or 3rd deal after your first property?