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re: Information for my fellow Real Estate Investors
Posted on 4/11/17 at 10:54 am to Fat Bastard
Posted on 4/11/17 at 10:54 am to Fat Bastard
quote:
any subtle brags you'd like to share?
Was actually going to post today but never bragging. Since we purchased our last flip property about 60 days ago, we have made offers on about 5 properties and not gotten one of them. Partner was pissed we had nothing going on because we are about to put that flip project on the market.
Long story short, we put offers on 5 properties within 48 hours, trying to land one of them. What happens? All 5 accept our first offer with no counter. 3 potential flip projects and 2 almost turnkey rentals.
All I can think is HOLY shite. We are in over our heads.
1
Posted on 4/11/17 at 12:23 pm to stevengtiger
Just out of curiosity, how are you able to have financing or a LOC set up to purchase 5 properties at once? Do you have multiple investors? Do you have a great relationship with a bank at this point that will allow you to do this?
I am new to the real estate game and just purchased my first rental property a couple of months ago. I always wonder the best method to be ready to act if property comes on the market that I think would be a good investment.
If you do not want to answer that is fine. Just curious. Thanks!
I am new to the real estate game and just purchased my first rental property a couple of months ago. I always wonder the best method to be ready to act if property comes on the market that I think would be a good investment.
If you do not want to answer that is fine. Just curious. Thanks!
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