That's a fantastic achievement.

My goal is to invest in real estate, and I believe that building relationships with successful and knowledgeable individuals is crucial to achieving that.I'm currently studying to get my real estate license.

In this scenario, each member doesn’t actually own real estate, they own a business (that owns real estate).If that is the case you have two options: 1) The LLC performs the 1031 exchange and continues to achieve the goals of the managers through changes or details added to the operating agreement and subsequently consider dissolving the LLC. 2) You dissolve the LLC and reform as Tenants in Common *prior* to the sale of the property.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $63,750

Cash invested: $13,000

This was my VERY FIRST deal. Had no idea what I was oding.

Bought for 63,750 off ...

Would be a great achievement if it works - I would also reach out to the railroad track company to ensure there won't be any disruptions or issues they may have when/if you start the development process. 

Use due diligence as a reality check to create accurate and achievable projections.

RecsCraig Curelop- The House Hacking Strategy: How to Use Your Home To Achieve Financial FreedomChad Carson- Small & Mighty InvestorBiggerPockets & BiggerPockets Rookie PodcastsGood luck!

We are looking for private lender recommendations, and also, can we achieve private financing inside of 30 days?

Exploring a combination of these strategies, such as using a HELOC for a down payment and securing a DSCR loan for the remainder, could help you achieve your goal of purchasing additional properties this year.

Was just painting the background story to show that regardless of one's starting point, you can achieve success in real estate..