My replacement property was found in the first week of August-2024 and closed on the 26th of August.I was already talking to my agent for the relinquished property months before to plan this out.

And so on, with every tax benefit.

@Hilda Cervantes who do you have on your team and what do they do?

Purchase price: $1,250,000 Cash invested: $62,500 I recently closed on this 4 unit property in Federal Hill Providence, RI.

We are looking to use preferred equity on our new deal..What was your experience with preferred equity?

I appreciate your thoughts on this! 

Does anyone have any advice on whether an LLC is a must before purchasing your first investment property?

Many people online will tell you you can QuickClaim it yourself (which you can), but I always use an attorney. 

I would start by understanding Cash-on-Cash Return and CAP rates.

If you need guidance on market opportunities or funding options to kickstart your journey, feel free to reach out.