As you may know from my previous post, I am in the process of purchasing 6 rental properties from a couple of investors here in town. I have closed on one of the houses, and I'm supposed to close on another this week. I am getting a bit nervous, because I have next to zero cash reserves in case of an emergency situation. I finally got off the fence and got into the game, but I'm wondering if jumped into the wrong deals... time will tell.
I won't let this keep me from continuing in this business, if anything it is motivating me. I need to find some deals that will bring in some cash in the next few months so I can build up a reserve. I read on another REI blog that the guy was tired of "chasing" houses. I know what he means. I've called on closed to 50 houses in the last three months. I think I need to make better use of my time.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment