Updated over 6 years ago on . Most recent reply
How long to close first deal
Hey everyone. how long did it take you guys to close on your first deal? I’d love to hear some stories. Did you guys do it in your goal time? How competitive was your market?
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I decided to move to a nearby market that had more deals than where I originally lived. Moved into a duplex to house hack a year ago, learned a ton on the first deal (which took about 2 months from beginning the search to closing) and then rehabbed it myself (which took 7 months and way more money than anticipated). In 2019 I set a goal to acquire 4 more units, which I'm on track to exceed.
Changing that market to a favorable one was a game-changer for me.