Green Houses to Hotels!
Updated: Jun 30
In Monopoly, the object is to start with single family homes and small multifamily properties, grow equity, and “trade” them up to larger apartment buildings and multifamily properties. This is a great way to scale your portfolio and achieve fantastic cash-flow and financial freedom. In fact, for the most part, that’s how I did it. Like so many investors before the era of abundant real estate education (thanks Bigger Pockets), I fumbled around investing in single family rentals, condos, land, spec homes, small office buildings, and anything else I thought made sense. A few hundred dollars of cash flow per property was the Holy Grail. It wasn’t until I owned a local duplex, grew rents and equity over a decade, and did my first (and to date only) 1031 Exchange into a mobile home park 2000 miles away. That was 2 units to 40 units and 4x the cash-flow in one transaction! I wish I had learned about the wonders of larger multifamily properties two decades ago!