, I've now realized that I probably am not in the right place financially for investing in syndicated deals... yet.So in the meantime, I find myself wondering... what are some passive investment opportunities for a new investor who like me has say 10k to 25k dollars to invest, but a relatively small net worth?

He also told me that he made more from his rentals than he did from the law firm.He still held the entire portfolio of properties when he passed at age 90, giving the properties to his relatives who continue to keep the properties and run the rentals, living off the income. 30-40 free and clear properties does provide a nice "side" income.The "stepped up basis" provides that the inherited property transfers basis at the value at the date of death, which makes all the capital gains unrealized during the owner's lifetime tax free.This attorney had the same portfolio for maybe 40+ years, he never bought any more property and never sold any of his rental properties.

There are no specific statutes related to wholesaling in the state of New Jersey I would like to do a double closing, but I was told this is illegal in New Jersey.

If you need help finding the relatives Lexis Nexis is the best bet but it is really expensive.

I'm relatively new here as well.

HELOCS typically have a very fast, aggressive payoff schedule once the draw period is over, and you don't know what position you will be in (health, finances, etc).  

That seems low relative to other Ferndale properties I've looked at.

@Liam Goble I'm from CA so I totally relate to what you said about 6% returns.

And FYI, I have no dog in the fight with anything related to Robert Kiyosaki, but whenever you say something negative about someone (especially when you don't provide proof), it never puts you in a good light.

A high cap rate could be the result of a relatively high net operating income or a relatively low purchase price or a combination of both...