Of course, if you are so wealthy that shelling out cash each and every month on a property doesn't bother you then go ahead and gamble with the appreciation game but realize its nothing more than chance whether or not the property will appreciate in the short term.

Selling pipe dreams and telling people they can fire their boss and becoming super wealthy in a year is why we have feckless and untrained wholesalers all over the damn globe devaluing everything.

I like the idea but I had to change it up for my circumstancesbeing debt free is great- but to be a millionaire you have to have a million of debt- debt creates wealth as long as that wealth is controllable and sustainablehigh rewards are high risklearning the principles of the 6 dollar latte gives you a view of how fast you can separate yourself from your moneyone thing schools don't teach our children- what is money and how to use it- or else all people would be equal in the use and terms of capital-interesting huh?

This way you can amass more properties and have superb leverage to get wealthy faster with much higher rental income!

It was my exposure to this that taught me that wealthy people pursue money owed.

I want to start investing in multi-family rentals in order to build wealth. I

Have you ever heard of a wealthy person who built their wealth investing in the market? 

Even if that wasn't the case, I know that the best-in-class developers belong to v very wealthy families so they could most likely complete the development if they hadn't sold a single unit.Of course, you don't always know about the financial situation of the developer.

Why not buy one property that is cash flowing to hedge against the one that is not and is much more likely to build long term wealth ? I

In my estimation the approach is to go after the whale like Netflix, rather than fostering an environment that creates a Netflix and the hundreds of ancillary business.There are areas where the wealthy of the area live but you don't see much outside of those walled communities that inspires investment and redevelopment in my opinion.It seems like a City treading water at best.