Also, beware that building in a location like that can be a very long process depending on where you're talking about.

Guys - I am a limited partner & invest in a multi-family building passively that was sold resulting in passive gains for 2024.

You have your exceptions, but that's what I've seen after talking to thousands of people and helping hundreds build their porfolios. 

A business is the exact opposite: primarily for cash flow, but you can also build equity as well.

@Rafael Ro to build on the great advice from @Sean Barnebey (give the guy some votes!)

I am a contractor and have been doing work for a broker.

Maybe even bring more folks as they are interesting.The issue, first, is getting them financed to build.

We were able to create a great coworking lounge as well as build out a great entertaining space on the rooftop for stargazing, yoga, movie nights, dancing, great food, drinks and ocean and city views.It was in decent condition, just a lot of deferred maintenance, Has appreciated.

If you want to be completely self-sufficient, you're willing to build an Earthbag home or another building that can be earthquake proofed but can still be run without public utilities, you can spend a ton of money on a well and can have that well water processed to remove contaminated mine crap, you have a great off-road vehicle and you can figure out how to deal with the flooding without redirecting that water onto someone else's land then you can definitely live there.If it's an Investment you're after, give that up.

Hey @Jacob Kurian - I have personally used the FHA loans several times here in Chicago both as an investor and many more as a general contractor.