Henry on the Teak wood and lumber aspect.. what is the growing cycle for the hardwoods to become merch ? 

I wonder if people become experienced in real estate - unless they stop growing.

Regards,VivienHouse hacking a 2-4 unit property is a convenient way to get started and a useful strategy for growing your portfolio!

Pittsburgh is home to many major universities including the rapidly growing Carnegie Mellon University which is “at least partially responsible for Pittsburgh’s growth, from revitalized neighborhoods to a vibrant and booming restaurant scene.”

I also have a $50k line of credit I can tap into when needed that will grow as I keep growing the business.Right now my rent is about $1700 where I've been staying for over a year, but really wanting to trade that for a mortgage and start building that equity.

prices are so high it is tough to make things work at 7% interest.What the investors that I work with have found is if you go a bit outside the Tampa area into smaller growing markets you will be able to find investments that work. 

.- The syndication sells later for $5M, and my share grows to $200K.- I want to 1031 exchange again.Question:Does my next deal have to be larger than $5M (the overall deal size) or just larger than my share of the equity in that deal - meaning, if 200k was 20% ownership then it has to be more than $1M (20% of sales price)?

Best of luck on your journey, and remember, delayed gratification is your best friend in this business!

Remember that it takes more cash than you think to buy a place, too.

Palm Coast, while not as flashy as Miami, is indeed growing rapidly, with increasing interest from higher-income professionals and retirees.