Check out my little post “how to build a real estate empire in a high crime area” That’ll explain better than i can in a paragraph why I’m selling a big chunk.  

The excitement of "Yeah I have the power to do this and I am going to go build an empire and make millions" rarely lasts because there's no real "why" behind it. 

If you spend the next 4 years just learning everything you can and work for an investor for free who does a lot of deals, once you’re 18 you can start rocking and rolling on your own and just grind for the next 10 years and you could have an empire by the time 28 rolls around.

For me - I am in the business of managing my real estate empire by leveraging 3rd party management for the people which has allowed me to scale.

If I invested in land, while it would be a good source of passive income, would not provide me with a place to stay.

A person listens to you and their greed overbears their brains so that they don't need to think about one thing This guy told them they can make 3 times the money with short term rentals.Five years down 'poop happens' and their short term rental empire starts to fall apart.

I currently have 2 properties, and I want to take advantage of filling up 8 more properties that would qualify for traditional refinancing, in case I wanted to leverage it down the road.IF I have exhausted my 10 cap on traditional financing, and if I had some money left, I would put a down payment on a large multi-family and use the money flow from the smaller units to pay off the large multi-family faster.This is pretty much my 10-15 year plan, just expiated.Just as a disclaimer, I am NOT a financial advisor, nor am I strategist in building a real estate empire.

We aren't talking about buying the Empire State Building!

He has lived a frugile life to build up his empire so he has the liquidity to buy the toys.

We are now approaching the point where I will soon just be managing staff for the rentals.Along the way we've been learning/doing deep energy retrofits on older building stock (as old as Queen Anne & Second Empire).