Quick questions to those that know Bergen Lafayette / Greenville Jersey City real estate and developments well.

But in a reverse you already know the replacement property so you can safely name it on the 45 day list for property one and then wait until property 2 sells.If you want to find an existing SFH that needs improvements those improvements can be made from exchange proceeds while we hold title to the parked property.  

During this threat I set up several LLCs to quickly move the properties into and was prepared to do equity stripping through another LLC.  

If your DTI and credit score allows for quick acquisition you could technically buy one property per month using conventional financing.

I deeply appreciate any feedback as this totally new for me - I’m just trying to quick build something to scape the rental trap I’m in .

Quick question: We’re new to landlording and a pump in our tenant’s unit broke leaving them unable to use the kitchen sink for 5 days until the plumber can replace it.

Depending on where the property is located this may be a difficult time of year to find 16 qualified tenants quickly.

Also make sure the rents are accurate, I always try to go a little below market rent to be on safe side to make sure I still cash flow in a worst case scenario.

One item at a time, but go through it quickly the judge has other cases too. 

I am not looking for wealth overnight or a get rich quick deal.