Everything takes time so start by figuring out how to get sellers on the phone, while continuously networking.

And yes it's absolutely vital to read a ton of books, blogs and listen to podcasts every day to continue to grow your knowledge foundation.

But without the words condo being removed from the title the FHA would not approve.So now we are working for another extension and switching over to a home style renovation loan in hopes that we can get approval there, as HUD will not be involved.

Thanks y’all for the continuous feedback!

Smart people adjust their life style, clear their debt, polish their credit scores and financially position them selves for success by mastering personal money management.Investing in real estate should not be used as a path to clear debt, you need money to be a investor.

I've read a lot of good information out there, and I hope to continue learning from you all. :) -newt.

Armchair agent attorneys, mistakes agents make and don't tell you about in a transaction until the last second or after the fact, notices from real estate commissions about (agent non-compliance for continuing education, back child support owed, student loan delinquencies, IRS tax levy request notices to broker on agents part of commission payout on a transaction,non-payment for agent license renewal fees, etc.)It goes on and on and on the drama.

I’m not shooting for a luxury style apartment because we have plenty of them now.

then you will have the cash to complete the exchange.1031 exchanges are the tool to continue to defer the tax on your gain and to transition into passive assets until you pass the asset at death at a step up basis and the tax disappears for your heirs.Installment sales will allow you to slow down the recognition of gain but not defer indefinitely.It's difficult to mix the two but can be done with some sophisticated planning and some outside resources.

I currently have 8 units (9th owner occ) in that triplex, a duplex (2009), and 4-plex (2014),  all in south seattle / burien areas.Seattle is way overpriced and IMO due for some kind of correction right now ;  I don't see how things can continue to appreciate like this,  and at least within seattle itself many smaller MF properties are worth more for the dirt under them than the structure itself just for the redevelopment potential,  which is unfortunate at least from the perspective of an buy and hold investment viewpoint and availability of decent and comparatively affordable rental units in neighborhood-scale buildings.