Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

Why Your FIRST DEAL is So Important

4 Aug 2023 · 0 min

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Your first real estate deal is the hardest because you have no cash flow or equity yet. Once you close it, you get pieces on the board to scale. Buy the right asset and manage resources carefully so the next moves are possible.

Here's why your first deal is so important. First deal sets you up for two resources: cash flow or equity. As you get more pieces on the board, you get more plays available. That first deal is the hardest because you don't have the resources that you need to play the game. As you start trading, you get into that first deal, you have more pieces, and you can start playing. To the extent that you can manage your resources, you can scale. So make sure you buy right on your first deal. Do it.

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