I was on BP Money Episode 325:  https://www.biggerpockets.com/blog/money-325For some reason the signatures in the Forum seem to assign random podcast numbers to past guests, I’ve noticed this with other people as well.

This generated $2M+ in equity, and thus is highly lucrative, but takes 2-3 years.Note worthy: I am located in California, but I did this project in Canada.

I completely agree that flips must be completed fast to keep the cash mobile so it can generate yet more cash.

Hello, I am new to real estate and looking to get into it and out of renting and starting to work on building that generational wealth.

Currently still favor the house rental for MTR and long term strategy in ABQ, but I don't think you generate any solid cash flow unless you can get a turnkey 2BR for under $250K.

Equity Created: $550,000 ARV - $409,000 loan balance = $141,000 in equity.Cash Flow: The property rents for $2,950/month, covering all expenses and generating slight positive cash flow.HELOC Potential: Post-refi, I can secure a HELOC up to $86,000 (90% LTV) to fund future investments.

There will also be many homeowners who have had the properties in the family through generations and own free and clear but now still need to obtain a construction loan to rebuild. 

They tend to cost more to construct then they add in value, they are generally more valuable for a property you are holding as a way to generate more income.

If you love property management and want to start a business keep looking into it.Otherwise keep buying income producing properties to generate wealth.

Buildium streamlines the process by generating screening reports for us.