How To Crack $1M - In The Year 2020

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Is it just me or everyone playing it safe? Recently I’ve been catch a ton of flack on this forum for suggesting things like:

1) Maximizing leverage while carrying hefty reserves.

2) Buying for appreciation in western markets.

3) Buying properties that barely cash flow (for appreciation) and following each up with a STR to supplement cash flow.

I feel like the general vibe is hesitation. Market uncertainty. Fear. These suggestions are being received as total noob blabbering.

While I’m no expert, I do work for one of the top multifamily developers in Arizona and I have first hand knowledge that developers are NOT playing a scared game right now.

Why is this nontraditional route receiving so much push back?!?

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@Scott Passman valid points. I’m curious tho why everyone tends to think we are at or near the same market conditions as 2000, 2008, etc. The affordable housing shortage at this point is bordering on ridiculous. The supply numbers here in Phoenix are in the tank. The permit numbers show no signs of closing the gap. The FED has interests rates so low they are practically begging people to buy and invest. Yet, most people sit on the sidelines waiting for a better spot because the Case Schiller index is hovering near 2008 levels...12 years later. I’m just wondering where people think the “correction” is coming from if it’s not supply driven? Asking for a friend 😂