I would love to do what @Dawn Anastasi does but the opportunity hasn't been there and traveling up to this date has been out of the question.The wealthy investors I grew up around bought and held for many years and became millionaires quite a few times over.

That is how all the wealthy people do.

Scott, I don't have the demo stats for the immigrants for Cali but I do know a significant percentage are extremely wealthy English speaking Asians.

However, it is in a neighborhood surrounded by wealthy neighborhoods.They got the house appraised and with some minor repairs the appraiser told them they could sell the house for 225k, without the repairs, it could sell for 180-200k.

The comfort factor and higher cash flow on your current property is worth something, but leverage will ultimately build more long-term wealth. I

I'm 25 and working on my Master's so I felt that this is the perfect time to try to build real estate wealth. I

Thank you Pros.PS- I heard that there are fat margins on windows so maybe a motivated supplier on a diet will sell them cheaper?

Since I have moved here I am constantly seeing wealthy people from California, Colorado, New York and Texas looking for nice properties but there are not enough workers in the area.

Were you independently wealthy before you began investing in real estate?

Very pricey, lots of wealthy out of state vacation homes/resorts.