The blue chip areas have almost no space to add new construction, have tons of wealthy people already living there, and usually have the best job markets.

I sold many ranches to very wealthy folks that wanted to own a big ranch for their recreational purposes.. same theory of the very rich buying up the big ranchs in Montana and other places.. its just another segment of real estate and one that is never really talked about on BP because this is predominantly a wholesaler or landlord site.. 

@Mark S. what you are describing is just becoming "Independently Wealthy".

While there's a boom in the wealthy areas, the surrounding areas are facing a rent crisis.

My boyfriend has a friend who owns a few MF properties himself and is very wealthy.

All the others have disappeared because there is not enough meat on the boneThe broker who has been around is independently wealthy so does not really need the money.

Haven't thought much about this but I guess these are some habits and behaviors that have contributed to my success:-Work/Life balance-Healthy diet (most meals)-Exercise 3x Per week-Always learning (books, blogs, podcasts, forums)-Always networking (meeting agents, contractors, wholesalers, etc)-Build real and genuine connections (not surface level networking)-Always underwriting deals (even when I'm not a buyer)-Being consciously confident, decisive, passionate, positive, and creative.

I recommend you do what the wealthy do- which is to team with relevant specialists that are already experts and proceed now.

I understand I will not get wealthy over night but all of these options I have listed really only allow me to obtain one new property per year.

@Darrel Hernandez - House hacking is without a doubt, THE BEST way to build wealth. I