I want to grasp the concept of wholesaling.

Hey Mike,I also threw together a rough 20 year plan in ten minutes (not accounting for variables such as inflation or appreciation, pulling capital back out etc...) id like to reduce to ten, I went to 30 properties but 40 would be a better conservative estimate of replacing my job.I think i can do 4 this year versus the planned 2 so that's a good start. 12 is impressive to me MIke, I hope as I learn more of the techniques and get a better grasp of the industry that will look easy to me.

I've been doing a lot of research and have attempted to go to a couple of free seminars to grasp motivation and information.

One of your biggest challenges will be getting a grasp of the differences between UK and US RE terminology and processes!

I don't quite grasp the mechanics of that situation.

I don't quite grasp the mechanics of that situation.

while I agree with replacing it is safer for the new buyer, I still don't have the grasp on why you need the system needs a re-do.

I would not buy a property until you can grasp the notion of how to use other people's (bank, private lender, etc...) cheap money, "leveraging" for an investment.

But, I still don't have a good grasp on how to find good MFH properties in the Miami/ lower Broward area.

As for some of the other commenters here, the idea is this:Buy a small multifamily in year 1Buy a larger multifamily in year 2Buy a great, large, nice multifamily in year 3Buy a small commercial property in year 4Buy a larger commercial property in year 5This is to be done with conventional financing, using cash flows from previous investments, and is in contrast to the widely popular strategy of accumulating SFRs in the manner described below:Buy 1 SFR in year 1Buy 2 SFRs in year 2Buy 3 SFRs in year 3Buy 4 SFRs in year 4Buy 5 SFRs in year 5I know that real estate doesn't work out exactly like this, but please understand the argument that I'm trying to grasp are the economic advantages of purchasing a large number of SFRs, vs buying just 1 property or so per year, but buying larger and larger each time, snowballing NOT into a vast number of houses, but instead into an equivalently large dollar volume of real estate assets, but with fewer properties that offer economies of scale.