Don't Compromise your numbers
Don’t compromise your numbers to get your first deal
I see this happen all too often with beginning investors. They are so eager to get their first deal that they lower and lower their standards after each offer that they don’t get. Don’t let that “first deal hurdle” turn your first investment into a nightmare. Stick to your numbers and take your time. Remember the race to the finish line of financial freedom isn’t measured by how quickly you get your first deal but by the amount of profits you get from your deals.
For more information on calculating the profitability of a deal see Chapter 5 of my book “Investing in Real Estate with Lease Options and Subject-To Deals.”