You make an offer, close on it for the agreed amount and boom, its yours!

Boom.

In the third scenario there is a real estate boom and properties appreciate by 10% per year and your property becomes worth $1.2M. 

Jacksonville seems to be a pretty booming.

The market for new homes is booming, which opens door for the lower classes to move up to the next level, even if they can't afford to buy.

well that's why I moved to west Michigan from Jersey the market over is booming...you can find home for under market rate and they are going for better fair numbers...I already know a few contractors...what I'm trying to figure out is how other people started with their funding, either saving or loans I just like to hear other people stories

I may be biased because it's my adopted home, but Austin is nice.It's rated #1 by Forbes as a boom town:http://www.forbes.com/sites/joelkotkin/2016/01/14/...Top three cities to find a job:http://austin.culturemap.com/news/city-life/01-04-...One of the best to start a career (which is different than finding a job:http://austin.blog.statesman.com/2016/02/03/austin...Ranked #1 city for young families:http://austin.culturemap.com/news/city-life/05-10-...There are a lot more of these articles, these were just the first five that came up when I Googled "best cities to live".

As more investment money was putting into high technology that created a job boom in Social Media, self driving automobile development sectors.

Been a builder for 35 years and I sit idle as there is a booming hot Pittsbirgh housing market around me .I need to get in and make the real money .

That was at the height of the real estate boom, so...big deal, right?