Greetings Gentle Readers!

Love that you’ve set a clear 6-month goal - that kind of clarity puts you ahead of the game already.Since you mentioned you’re new to real estate and aiming for multifamily, I’d gently suggest considering single-family turnkey (SFT) rentals for your first deal - here’s why:Why SFT Might Be a Smarter First Step1.

Then to several community projects whatever is left over.I used to do a similar exercise with high school kids who would come thru by asking them life style questions.  

At your stage in life, I’d recommend taking the time to familiarize yourself with a few target markets.Know the areas you want to invest in like the back of your hand, develop a due diligence checklist, and go through the exercise of evaluating deals (even if you’re not looking to buy a property yet).If you put in a bunch of reps before going through your first live deal, you’re far more likely to know what to look for—and what to avoid—when it comes time to buy.

The 1% rule was never more than a back of envelope exercise at best.

The lease was for the seller's payments and the option was for the mortgage balance at the time of exercise.

Especially in a tight market, those types of deals are fewer and far between — and they often go to people who already have a track record or network advantage.One thing I’d gently suggest: if you had put the same energy into a side business, freelance work, or even a second job, that income could’ve been used to fund a traditional deal, increase reserves, or qualify for better financing.

.🧭 Who This Strategy Is For✅ Builders✅ Investors✅ Homeowners who want to build and sell off a portion of their lot✅ Families who want to share land across generationsThis strategy works beautifully for:Urban infill lotsCorner parcelsDeep lots with alley accessRedevelopment opportunities in high-demand zones📋 What You’ll Need to Do ItTo condo a project, you’ll need:A platting & condo attorneySurvey & site planA simple HOA agreementMarketing that attracts owner-occupants or mission-aligned buyers💥 The ImpactCondominiumization isn't just about making more money.It's about:Creating attainable ownership in a high-cost marketSupporting gentle density that fits the neighborhoodHelping Washington achieve its housing goals without high-rises or sprawl

If you have not done so already I would recommend reading Rich Dad Poor Dad, And doing the written exercises in the book Awaken the Giant Within.Good Luck!

This is a blood sport, not a wishful thinking exercise.