My goal is to continue to buy 3-4 condos like this one and use the snowball strategy to pay off these condos quickly so I can build up my passive income(ideally $20k+ a year from 1 paid off condo).

I grew up in the real estate industry watching my father raise money with a PPM for large multifamily value add projects and a developments.

I currently do Business Development for our property management company and work with all of the new owners and properties.

Any investor or developer buy raw land lot (zoning code G) and go through the process with the city to convert to commercial use?

I am a 23 year old who recently graduated from college with a business degree focusing on real estate finance and development.

Hey Jonathan,I found contractors through refferals and facebook groups, those contractors were great but they are not experienced in new construction; plus with me being out of state it would be ideal for me to hire a GC, instead of sub hiring ( i dont have time for that being far away),I am switching from rentals and fix and flips due to there's just more profit when doing new construction, and way more deals!

I have 100k cash savings and ideally would like to keep the investment properties.

Quote from @Gregory Chadwell: Quote from @Travis Biziorek: For 2025, my main goal is to stack up cash—ideally $500k or more.

You need to develop a subject matter expertise and treat this like the hands on business that it is. 

For anyone that is looking at developing or purchasing an STR in Packwood, WA I would take a peek at the numbers that are on the rental sites and the amount of bookings.