Explore high-growth markets, explore small commercial properties, and partner with other investors for passive income and diversification.

I realized that this isn't "passive" at all and success can be the difference in knowing what's going on and being aloof.

when you do a 1031 exchange you are able to rid yourself of the property without paying capital gains at the time of sale.

I'm pretty new to the real estate investing game but obviously looking to gain the skill and knowledge to eventually build an empire. :)I am a clean, quiet, and respectful person and looking for the same while rooming together for these few days.I live in Vegas but originally from SoCal.

You could always put more down but you do get a slightly lower rate when you have PMI.Great thing about going into a 4 plex or multifamily first is your creating passive income from the first purchase.

This is like $1300 gains vs $800.

However, newer properties don’t always cash flow well, and you’re giving up significant equity in exchange for a home that might not provide you much financial gain immediately.

I would prefer to hang it somewhere where they work with investors so I can gain experience before my first transaction.

.- residential RE is not passive.  

What is something that you thought was true about the real estate industry / investing, but turned out to be different  / not true once you actually gained the experience?