I assume if one wanted to 1031 for "rinse and repeat" you'd also be game for that as well. 

Ramsey, your game plan seems like a great idea.

In this game, there's always something! 

I would do a game room over a movie theatre.

This is my first personal mortgage so I'm trying to learn the game.

Starting out in real estate can be overwhelming, but with your background in flips, creative financing, and the Pace Morby community, you’re already ahead of the game.

Good Morning BP,I bought my first house last year in Suffolk, Virginia just to get started in the real estate game.

Buying with cash is much better in my opinion.Especially for our market.Most investors only use leverage because they "can".There is usually no strategy behind using the leverage.Our price points are so low that most investors just prefer to buy with cash.The price of one of our properties is pretty much a downpayment for any other property in other markets that aren't in the Midwest.Cash deals always offer a much higher return than leverage.Leverage is a risky game for beginners.Learn what you are doing first before borrowing money.Just my opinion for a path that has proved to work for me and our investors.Thanks and happy holidays.

My experience has been that purchase transactions where the buyer has no or little skin on the game have a default rate many times that of buyers who place a significant down payment into the deal.  

Beyond the lessons from the projects themselves, building a business that’s efficient, diversified, and focused on the luxury market has been a game-changer.