The vast majority of your wealth gain in real estate will be by holding properties long term and the appreciation/principal paydown will slowly but surely help you become wealthy.For 90% plus of people out there who are looking to start, house hacking is the best way to go.

Purchase price: $20,000,000 Cash invested: $13,000,000 Sale price: $20,000,000 This property is not for sale - per-se What made you interested in investing in this type of deal?

On the journey, I once sold properties that were 30 minutes away as being too far, and also managed some properties that were 200 miles away. 

He lives across the street from 2 of my properties in FL.

What type of properties are you trying to acquire? 

Every inch of this property has been meticulously updated by professional investors featured on TV, ensuring top-notch quality and style.

Be careful when you start thinking other sales will equate to the same numbers for your property. 

Quote from @Chris Seveney: Quote from @Jeffrey Farkas: I bought a property in a foreclosure auction.

Cincinnati and Birmingham tied for second place with a decline of 0.2%.The decline bucked a national trend where rents increased in 47 of the 50 largest metro areas in January compared to the same month last year, according to Zillow.The typical January rent in the Denver region was $1,918, a 0.8% decrease from January 2024.Multifamily rents experienced a larger decline than single-family rental properties, with Denver once again recording the largest drop in the nation at 0.5% in January, tying with Cincinnati.Read the rest of this story at the Denver Business Journal.

I can do the parade of horribles for a personally owned rental property but suffice it to say that it is a long and robust parade and the horribles are horrible.