In fact, they are thinking *** backwards, you begin with education and become qualified, then you gain knowledge, then comes success and the money follows!  

. $150 cash flow on any rental especially a triplex is dangerzone imo. 1 month of vacancy of 1 unit could destroy a years worth of financial gains.  

Was able to gain some leverage prior to negotiating which resulting in a great outcome What was the outcome?

As a beginner investor based in the Seattle metro area, I'm eager to learn from your experiences and share my journey as I get started in this field.My current strategy is to focus on live-and-flip for the first three deals (looking for my second deal) to gain hands-on experience while building equity and learning the ins and outs of renovation and the local market. 

I think you’ll find it incredibly valuable and gain a lot of insights from it.Being on bigger pockets and listening to the rookie podcasts have been the most helpful for me. 

The high end is the 20 or so co ops on 5th Avenue or Park Ave (one is on East End Avenue) that require liquid assets of $100 million + to gain board approval.  

You are neglecting to account for gentrification, which is the biggest REI gain or all.

Just trying to gain a sense of hot or cold. 

My name is William Taylor, I am extremely excited to be a Pro Member in the BiggerPockets community and ready to gain immense knowledge from all of the contributors.

Your sibling can use a 1031 exchange to defer capital gains taxes on the sale of the rental properties by reinvesting the proceeds into like-kind investment properties.