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Updated almost 9 years ago,

Phil Sabella's profile image
Phil Sabella's profile image
Phil Sabella
  • from Glenside, Pennsylvania
  • Member since Apr 9, 2015
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Phil Sabella's profile image
Phil Sabella's profile image
Phil Sabella
  • from Glenside, Pennsylvania
  • Member since Apr 9, 2015
Connect
Phil Sabella
  • Glenside, PA
0
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22
Posts
Starting Out

How to pyramid up to bigger real estate

Phil Sabella
  • Glenside, PA
Posted

Hi Everyone! I am actively searching for my first multi family property here in the suburban Philadelphia, PA area. I am 24 and new to the investment game. What I would like to do is to get FHA and live in one of the units and rent out the other 1-3 units. My end goal is to eventually pyramid up so that after my first year I can eventually sell and purchase a bigger property so on and so forth. I have heard about a 1031 exchange but not sure exactly how that works and if it is my only option or not. Thanks to anyone willing to help!

Phil

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