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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!
