Investment Info:

Single-family residence other investment in Nashville.

Purchase price: $270,000

Cash invested: $15,000

My wife and I purchased a home in a developing area and lived in the home for t...

There's the difference between wealthy and just working month to month.

Regarding the fields where wealthy people are.

He's grown an asset management team (they manage the property management team) so his investments have become more passive; allowing him to focus on what he does best.In general it's a model that the truly wealthy use.

( I am assuming of course that the building is not on Park Ave and you are not a very wealthy guy :-)There are far better real estate markets in the US, with far greater likely-hood of success.Alan

My tenants are at the core of my investment strategy and even greater what is in the heart of the people in that neighborhood...in a sense, I am investing in the future of the community and my economic wealth.  I

(If I had my way I’d start in one, live in it till I found a great one I wanted to make my home and move into that one - the idea is to keep yourself centric to all the rentals and able to visit them in a 10 minute circle to check on them and poke late rent payers easily)You do that and you will be independent wealthy in 5-10 years unless you have zero business acumen or people skills. 

That makes sense.Yes, you can get a higher return, but you could also do worse than average, and unless you are very wealthy you can't invest in a large enough number of deals for the law of large numbers to work.

Those that claim anonymity - my guess is they want to be like celebrities - I have worked for several billionaires and many who are super wealthy - none go through any type of anonymity -only ones I know have been athletes and celebrities, oh and one women who I can see why as she was a Rockefeller.

So, in other words, even if you may be getting a few hundreds more every year by investing out of state, your net wealth is growing way more by investing here in WA state