About 3 years ago my freshman year of high school I was told if I was to house hack after high school I could own 5 properties in 10 year's.I took that to heart and have been saving money since then reading books and listening to podcasts about finance, business and real estate.

I got interested in real estate investing last year and since then have read several of the BP published books on real estate.I still have a lot of unanswered questions floating in my head but my goal is to buy my first property and some point next year. 

I have decided to partner up with another investor to buy this property together.

Purchase price: $1,435,000 Cash invested: $3,010,600 Sale price: $8,400,000 We identified multiple lots around the light rail system in WA, where we felt that properties are going toincrease in value significantly, these lots were re-zoned from SFH to multi-family (MUR35mostly), we have developed, permitted and starting to build: 8849 Midvale Ave N, Seattle – Two combined lots, zoned for multifamily where we built 12 townhomes

Purchase price: $1,435,000 Cash invested: $3,010,600 Sale price: $8,400,000 We identified multiple lots around the light rail system in WA, where we felt that properties are going toincrease in value significantly, these lots were re-zoned from SFH to multi-family (MUR35mostly), we have developed, permitted and starting to build: 8849 Midvale Ave N, Seattle – Two combined lots, zoned for multifamily where we built 12 townhomes 23007 55th Ave W, Mountlake Terrace – 7 townhouses in a walking distance from thelight rail station, in planning stages with the city of Mountlake Terrace, WA

I have begun engaging with several agents on available properties, while at the same time, trying to put the structure in place to support my future acquisition. 

As a San Jose licensed property manager and investor, a 5% flat fee can be reasonable depending on the property. 

So in theory you could take the 80k and then 1031 exchange the 15k into another property and defer part of the gain.

Purchase price: $298,000 Cash invested: $20,000 Sale price: $510,000 Personal home for three years, turned into rental property for next seven years.

Hey Jason,Sounds like it is time for you to refinance your properties into DSCR loans.