Breaking ground running

[Jared Tillery]

I am new to BP. I own one duplex that I just finished rehabbing and renting. I am itching to get started on a second property. I am very interested in getting into larger apartment buildings and developing. Of course I must progress to get to that point and I am working on getting a good team together and networking some. My plan now is to get more involved with the local REI club and create contacts with local wholesaler a to find properties and once I have a couple properties to set up an LLC. From there I will try to secure financing for a larger building with the properties income and my own or sell one or two to get a down payment (1031 exchange?) for a larger building (20-30 units). The cash flow from that I hope to be sufficient to begin developing a few small units (4-8 units large). My hope is to have the larger apartment in 5 years. How does this plan sound to everyone? I still have much to learn but I am excited about the work.