If you play this out, the property value starts dwarfing the loan principal.What does that mean?

Purchase price: $175,000 Cash invested: $5,000 I invested in my first condo to live in Minneapolis in January 2022 (fresh out of college).

And I have a good cash flow to do this.   

Hey Tadiwa, happy to help on the cash flow & lending aspect!

Purchase price: $78,000 Cash invested: $22,000 My first real estate investment was a slow remote BRRRR.

Stack up as much cash as you can while growing your empire. 

You also need to have cash or access to cash to buy Tax Liens.

I am starting a new journey in the mobile home niche I eventually want to write my own notes (shout out to lonnie) but would like to gather cash and I feel the best step to this is to do wholesaling.

Cash flow is NOT the only benefit of owning real estate. 

Some info:Original property purchase price ~$90k100% cash purchaseLooking to put the proceeds of the sale into escrow account (1031) and use it for a down payment to purchase another property of greater value (say we get $110k from the sale, so we can look for up to $380-400k approx. @25% down payment)Does anyone have any contacts to help facilitate a 1031 in NY?