I have two properties in IA that I acquired approx.. 1 month ago.Thanks!

For sure an unfair advantage for those looking to acquire multi family properties quick in NJ.

To maintain profitability, it's essential to carry out in-depth market research, closely monitor remodeling expenditures, and do due diligence on prospective properties.Preliminary Advice for First-Time Investors:Become knowledgeable: By reading books, listening to podcasts, using internet tools, and connecting with seasoned investors, you may keep up your real estate investment education.Start modest: Start small and increase your investments gradually as you acquire confidence and expertise.Network: Make connections with other investors, real estate experts, and mentors who can offer advice, encouragement, and insightful perspectives.Make a good plan: Make a thorough investment strategy with precise objectives, deadlines, and exit tactics.

About six months after that, I acquired an 80 door apartment complex, and I myself didn’t have to put a dime into it thanks to Lance teaching me how to utilize other people’s money rather than my own.

Following this period, if interest rates decrease, I intend to refinance the property, transition it into a rental, and repeat the process by acquiring another property to serve as my primary residence.I'm curious if anyone has attempted a similar strategy and, if so, what pitfalls or challenges they encountered along the way.

For example, my partner and I acquired a 6-unit for $190k; currently undergoing a $150k rehab and should be worth $410k+ after all is said and done.

How did you acquire your first mobile home park, mls deal, off market, etc?

As you advance in your real estate career, you may acquire knowledge and make wise selections by beginning with a more cautious transaction and progressively growing your portfolio.

Im looking to acquire another property here in MA in the next 6 months...ideally for a flip.

Remember to file as a foreign corporation in any state where you plan to do business, especially once you start acquiring property, to protect your corporate veil.Lastly, my Disclaimer: This is not legal advice. :)