For some that is real estate, others its bonds, others its stocks.

I was going to go with "High net worth individuals (HNWIs) are those who have at least $1 million in easily convertible assets like cash, stocks, and bonds."

I checked his licensing, insurance and bond before he started the work.

I know this has been lengthy and wordy.

Also the added value from developing the lot is more in the vacant part than in the already built portion.If we do have to sell the whole parcel, another option could be a performance bond and a lien on the property.Looking up pros and cons of performance bonds, this interesting article comes uphttps://www.lauriebrennan.com/blog/to-bond-or-not-to-bond-th... 

Then you can reinvest w/no 1031 stress.The step-up in basis provision adjusts the value, or “cost basis,” of an inherited asset (stocks, bonds, real estate, etc.) when it is passed on, after death.

all these millionaire using leverage and creating low debt for themselves.All CEO issuing stock options, issuing corporate bond , stock buyback is all about creating low cost debts.

I'm located in the Grand Rapids, Michigan area and am open to properties basically anywhere in southern Michigan (anything south of Muskegon from Lake Michigan to Lake Huron is fair game imo.)I now have a fairly large nest egg of cash beyond all of my other investments (stocks, bonds, treasuries, crypto) and I want to turn that cash into a real estate investment or investments and I think my deep background in tech, systems, and marketing should be able to help me substantially.It seems to me like BRRRR on multifamily units makes the most sense, but I'm open to suggestions.I'm basically retired at this point as the only work I do each week is 3-4 hours of consulting for larger tech companies and I'm on a couple advisory boards.What are the best first steps in building a team and creating the systems necessary to start making deals?

Traffic mitigation fees alone were 30K for my site and the surety bonds required by the City were about 80K.

This advice is spot on.Why own houses when T-bonds will do better unless you like more work and stress for lower returns...